Today we're stepping outside our normal area and exploring a great community that I haven't looked into in a while. I got a call from a homeowner in Willow Creek Estates, located on the SW section of NW 122nd & Council, who is curious why his home hasn't sold. He's had it listed with another agent for the past 11 months and has had some activity, but nothing that's panned out.
I'm especially excited about this particular listing appointment because I grew up in this area. As a 1990 Putnam City North graduate, I was in elementary school when many of these homes were built and got to see many of them go up. I spent many a hot summer day at the Willow Creek Estates HOA community pool and riding bikes through the streets. These homes, ranging in size and style, have character and charm. The community has the same, with winding, hilled streets, creeks and lots of trees.
Most of my reports are usually about Edmond Real Estate, but I wanted to share the information I've found while investigating the sales statistics for the Willow Creek Estates area.
As you can see, the Willow Creek Estates comparison from 2006 to 2007 is very positive. The number of homes sold increased sharply, and the overall sales prices and prices-per-square-foot saw very significant increases. While the Days On Market did see a small increase, the absorption rate of 4.26 months is slightly better than the city-wide average of just under 5 months, indicating that homes in WCE are selling slightly better than average Oklahoma City Metro area real estate and that this community isn't overloaded with inventory on the market.
If you're curious what your home would sell for or would like a chart more specific to your street, visit our website, where you'll find buyer and seller tips & how-tos, as well as details on many other great NW Oklahoma City and Edmond neighborhoods.
**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (06/07/05) through (06/08/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy