The Edmond Real Estate market continues to show very significant signs of growth as we approach the middle of 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 Lone Oak Ridge addition, located on NW 164th, west of Portland/Hefner Parkway, from May 9th, 2006 through May 9th, 2007 and compares these numbers with the respective numbers from 2005-2006:
| 2006-07 | 2005-06 | Change | |
| Number of sales | 13 | 14 | -7.14% |
| Years built | 2002-2006 | 2002-2005 | |
| Largest home sold (sf) | 2769 | 2474 | |
| Average home sold (sf) | 2274 | 2213 | |
| Smallest home sold (sf) | 1906 | 1970 | |
| Highest sales price | $278,500 | $258,900 | 7.57% |
| Average sales price | $225,726 | $210,028 | 7.47% |
| Lowest sales price | $181,000 | $182,700 | -0.93% |
| Average list price | $229,953 | $212,360 | 8.28% |
| Sales price vs list price | 98.16% | 98.90% | -0.75% |
| Highest price per sf | $103.56 | $104.73 | -1.12% |
| Average price per sf | $99.23 | $94.95 | 4.51% |
| Lowest price per sf | $90.32 | $81.76 | 10.47% |
| Longest DOM | 173 | 307 | -43.65% |
| Average DOM | 56 | 58 | -3.45% |
| Shortest DOM | 0 | 0 | |
| Current Active Listings | 4 | ||
| Current Absorption Rate | 3.69 |
As you can see, the Lone Oak Ridge comparison from 2006 to 2007 is favorable in almost every category. The absorption rate is fantastic! The number of sales stayed pretty consistent and the sales prices and prices per square foot reflect a respectable increase, while the days on market figures also showed improvement. As always, it is highly important to properly price homes to sell and these positive indicators sure make it easier to do so.
If you're curious what your home would sell for or would like a chart more specific to your home, visit our website, where you'll find Lone Oak Ridge 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 (05/09/05) through (05/09/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy
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