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 |
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|---|---|---|---|
| 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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