Today, let’s look at Edmond’s 73012 zip code. The general boundaries are NW 164th Street, Coffee Creek Rd, County Line Rd and Santa Fe.
|7-day Market Stats for Single Family properties in
EDMOND, OK 73012 as of 07 May 2010
|Median List Price:||$213,700||Average List Price:||$288,291|
|Total Inventory:||355||Price Per Square Foot:||$99/SqFt|
|Average Home Size:||2,190 SqFt||Median Lot Size:||10,454 SqFt|
|Average # Beds:||3.49||Average # Baths:||2.61|
|Homes Absorbed:||36||Newly Listed:||27|
|Days on Market:||142 days||Average Age:||8 years|
|Data provided by and ©2010 Altos Research LLC|
This chart will update weekly and will always display current information. However, on May 14,2010 you can see the median prices steadily falling, from approximately $230,500 to below $217,000, a 6% reduction. This also corresponds to a 7% increase in inventory. Over the last month the days-on-market has finally begun decreasing.
35% of the properties have had a price decrease. I feel this reflects sellers getting real on their pricing and we have been seeing difficulty getting appraisals making value.
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