Cedar Pointe Activity Report, October 2007

By
Real Estate Agent with ShowMeOKC Team of Paradigm AdvantEdge

Cedar Pointe addition, Edmond, OklahomaBeing a highly sought-after neighborhood, we always see good activity here in Cedar Pointe, and October was no exception. As of this morning, we have 11 active and 6 pending listings. The average list price of the active listings is $200,008, or $96.72 per square foot.

One Cedar Pointe home closed in October, at 2021 Fair Meadow Lane. It sold (88 days on the market) for $164,900, which equals anywhere from $87.71 to $92.02 per square foot, depending on which square-footage source you trust (county courthouse or appraisal).

Being so active in the community allows me a lot of knowledge of the area. I was the listing agent on the one home that closed, and currently have two others listed in the neighborhood; One which is pending and will be closing this month, and the other which is fresh on the market (28 days). Here are some statistics for anyone who's interested:

 2006-072005-06Change
Number of sales2327-14.81%
Largest home sold (sf)23762276 
Average home sold (sf)19671910 
Smallest home sold (sf)15721579 
Highest sales price$225,000$210,0007.14%
Average sales price$179,524$173,2723.61%
Lowest sales price$140,500$142,500-1.40%
Average list price$182,926$176,7353.50%
Sales price vs list price98.14%98.04%0.10%
Highest price per sf$102.69$100.652.03%
Average price per sf$91.39$91.030.40%
Lowest price per sf$76.07$65.9715.31%
Longest DOM20919010.00%
Average DOM715431.48%
Shortest DOM06 
    
Current Active Listings17 
Current Absorption Rate8.87  

As you can see, the number of overall sales in the neighborhood has dropped, and it is taking longer for the homes to sell, which is typical of our current market. However, overall sales prices and prices per square foot have still increased at a respectable rate, regardless of the perception of a down market in Edmond real estate. Our absorption rate is a little higher than I'd like to see right now, but the homes are selling below the metro average days on the market, so that doesn't really alarm me.

If you have any questions, if you're curious what your home would sell for in Cedar Pointe, or if you're looking to buy, feel free to call or email me. Since I'm handling about 29% of the current market activity in our neighborhood, you can feel comfortable knowing that I'll provide you with real numbers that will get real results.

 

Ryan Hukill
REALTOR® Associate

Hukill Group - Paradigm Realty
16211 N May Ave
Edmond, OK 73013
direct.: (405) 802.HOME
fax: (405) 285.8428
ryanhukill@cox.net
www.YourOpenHouse.us
Visit my Blog

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (10/07/05) through (10/07/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy

Posted by

 

Search the Oklahoma City Metro MLS for your next home       Get information on how to get your Edmond or Oklahoma City home sold

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the music-note to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Location:
Oklahoma Oklahoma County Edmond Cedar Pointe
Tags:
2005
2006
2007
73003
market summary
cedar pointe
neighborhood
statistics
edmond real estate
john ross
cheyenne
edmond north

Comments 0 New Comment

Rainmaker
296,423

Ryan Hukill - Edmond

Realtor
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

          

The ShowMeOKC Team is passionate about helping you discover your surroundings from Yukon to Choctaw, Edmond to Moore, and everywhere in between. Serving your Real Estate needs is our business, and encouraging you to maximize life in the metro is our passion.


CLICK HERE TO JOIN THE
Join ActiveRain, the FREE Real Estate Social Network that will blow your mind!