The Edmond Real Estate market continues to show very significant signs of growth going into May, 2007. Last year, 2006, brought a rise in most areas of Edmond, Deer Creek and Oklahoma City and indicators are shaping up well for 2007. View the latest statistics here: (OKC Real Estate).
The following chart shows statistics of homes sold in the Faircloud & Faircloud Hills additions, located on the west side of Coltrane between Danforth & Covell, from May 2nd, 2006 through May 2nd, 2007 and compares these numbers with the respective numbers from 2005-2006:
| 2006-07 | 2005-06 | Change | |
| Number of sales | 20 | 23 | -13.04% |
| Years built | 1983-1994 | 1983-1998 | |
| Largest home sold (sf) | 5136 | 4495 | |
| Average home sold (sf) | 3460 | 3007 | |
| Smallest home sold (sf) | 2585 | 2343 | |
| Highest sales price | $465,000 | $437,000 | 6.41% |
| Average sales price | $313,210 | $266,840 | 17.38% |
| Lowest sales price | $210,000 | $181,500 | 15.70% |
| Average list price | $319,895 | $269,588 | 18.66% |
| Sales price vs list price | 97.91% | 98.98% | -1.08% |
| Highest price per sf | $104.40 | $104.20 | 0.19% |
| Average price per sf | $90.06 | $88.16 | 2.16% |
| Lowest price per sf | $64.37 | $77.46 | -16.90% |
| Longest DOM | 353 | 194 | 81.96% |
| Average DOM | 64 | 47 | 36.17% |
| Shortest DOM | 0 | 0 | |
| Current Active Listings | 7 | ||
| Current Absorption Rate | 4.2 |
As you can see, the comparison from 2006 to 2007 is favorable for Faircloud & Faircloud Hills, but lagging a little bit in appreciation. The sales units saw an increase while the average Sales Prices and Prices Per Square Foot saw little increase or even minor decreases.
If you're curious what your home would sell for or would like a more specific chart, visit our website, where you'll find Faircloud & Faircloud Hills Homes and information, as well as details on many other premier Edmond neighborhoods.
**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (05/02/05) through (05/02/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy
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