Preston Report December 2019 · Average Sales Price & Sales Volume Average Price Total Volume...
21
Preston Report Edmond Real Estate Market December 2019 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 [email protected] www.Edmond4Sale.com Realtor of the Year 1995 & 2002 Lifetime Achievement 2009 Most Cooperative Realtor 1992 RE/MAX Hall of Fame Oklahoma Association of Realtors Life Member 2018
Transcript of Preston Report December 2019 · Average Sales Price & Sales Volume Average Price Total Volume...
Preston ReportEdmond Real Estate Market
December 2019
Prepared by
Brian PrestonRE/MAX at Home
Mobile: 405‐826‐5725
www.Edmond4Sale.com
Realtor of the Year 1995 & 2002Lifetime Achievement 2009
Most Cooperative Realtor 1992RE/MAX Hall of Fame
Oklahoma Association of Realtors Life Member 2018
ResidentialSold Statistics ‐ Ten year PeriodYear #Sold $Volume Average Price Median Price2010 2940 $697,485,600 $237,240 $195,0002011 3146 $774,293,520 $246,120 $201,5002012 3746 $943,246,546 $251,801 $209,9902013 4128 $1,072,037,472 $259,699 $214,9732014 4333 $1,169,338,044 $269,868 $226,0002015 4312 $1,234,827,440 $286,370 $240,0002016 4172 $1,147,863,220 $275,135 $233,9002017 4346 $1,212,273,240 $278,940 $235,0002018 4410 $1,273,334,580 $288,738 $240,0002019 4714 $1,446,934,016 $306,944 $257,000
EdmondReal Estate
2019 Residential HomesActive Pending Sold
January 1293 550 211February 1287 675 301March 1279 751 380April 1262 799 405May 1289 695 512June 1308 686 485July 1282 572 531August 1300 549 476September 1268 495 370October 1203 446 385November 1088 384 321December 1073 422 337
Total 4714
Preston ReportBased on information from MLSOK.com for the period (01/01/19) through (12/31/19) Edmond, Deer Creek and Oakdale School Districts, while information is deemed reliable it is not guaranteed
Average Sales Price& Sales Volume
Average Price Total Volume Avg Price New Home Total Volume New Homes
Jan. $326,736 $68,941,296 $333,272 $14,663,968Feb. $307,951 $92,693,251 $360,347 $32,431,230March $304,250 $115,615,000 $340,606 $29,632,722April $294,055 $119,092,275 $323,337 $29,100,330May $309,261 $158,341,632 $329,818 $33,971,254June $322,102 $156,219,470 $383,588 $40,276,740July $296,414 $157,395,834 $323,285 $32,651,785August $303,275 $144,358,900 $326,048 $34,235,040Sept. $296,077 $109,548,490 $317,016 $26,629,344Oct. $305,405 $117,580,925 $311,948 $22,460,256Nov. $319,919 $102,702,666 $312,695 $22,826,735Dec. $304,919 $104,442,703 $346,482 $35,687,646
Total $306,944 $1,446,931,942 $335,446 $354,567,050
Active Listings
0
200
400
600
800
1000
1200
1400
1600
1800
2000
January February March April May June July August September October November December
2014 2015 2016 2017 2018 2019
Under Contract
0
100
200
300
400
500
600
700
800
900
January February March April May June July August September October November December
2014 2015 2016 2017 2018 2019
Sold
0
100
200
300
400
500
January February March April May June July August September October November December
2014 2015 2016 2017 2018 2019
Current Inventoryvs. Homes Sold
Edmond – December 2019Active Pending Sold YTD
<$100,000 2 4 68
$100‐125k 3 9 79
$125‐150k 10 18 223
$150‐175k 23 23 422
$175‐200k 66 54 526
$200‐225k 45 33 493
$225‐250k 93 46 458
$250‐275k 87 39 357
$275‐300k 92 38 348
$300‐350k 126 47 494
$350‐400k 136 37 360
$400‐450K 89 20 240
$450‐500k 53 14 192
$500‐700k 115 18 294
$700‐1 mil 70 14 111
>$1 million 65 8 49
_____________________________________________________________________________________________________________________________________
Total 1075 422 4714
0
2
4
6
8
10
12
14
16$100,000 and under
Active Pending Sold
02468
101214161820
$100,001‐$125,000
Active Pending Sold
0
5
10
15
20
25
30
35
$125,001‐$150,000
Active Pending Sold
0
1020
30
4050
60
70
$150,001‐$175,000
Active Pending Sold
0
20
40
60
80
100
120$175,001‐$200,000
Active Pending Sold
0
20
40
60
80
100
120
140
$200,001‐$225,000
Active Pending Sold
0
20
40
60
80
100
120
140
$225,001‐$250,000
Active Pending Sold
0
20
40
60
80
100
120
$250,001‐$275,000
Active Pending Sold
0
20
40
60
80
100
120$275,001‐$300,000
Active Pending Sold
020406080100120140160180200
$300,001‐$350,000
Active Pending Sold
020406080100120140160180
$350,001‐$400,000
Active Pending Sold
0
20
40
60
80
100
120
$400,001‐$450,000
Active Pending Sold
0
20
40
60
80
100
120$450,001‐$500,000
Active Pending Sold
020406080100120140160180200
$500,001‐$700,000
Active Pending Sold
0102030405060708090100
$700,001‐$999,999
Active Pending Sold
0102030405060708090
$1,000,000 and up
Active Pending Sold
Absorption Rates
0123456789
1011121314151617
<$100,000 $100‐125k $125‐150k $150‐175k $175‐200k $200‐225k $225‐250k $250‐275k $275‐300k $300‐350k $350‐400k $400‐450k $450‐500k $500‐700k $700‐1mil >$1mil
In Months
2016 2017 2018 Oct‐19 Nov‐19 Dec‐19 over a Million 16.5 + months
Current New Home Inventoryvs.
New Home SalesDecember 2019
Active Listings Under Contract Sold‐YTD<$200,000 38 18 121$200‐250 58 27 227$250‐300 99 37 187$300‐350 68 21 162$350‐400 65 15 118$400‐450 42 13 75$450‐500 26 4 53$500‐700 31 4 85$700‐1 Mil 20 1 25> 1 Mil 5 2 4____________________________________________________________________________Total 452 142 1057
New HomesActive
0
100
200
300
400
500
600
700
800
January February March April May June July August September October November December
2014 2015 2016 2017 2018 2019
.
New HomesUnder Contract
0
50
100
150
200
250
300
350
January February March April May June July August September October November December
2014 2015 2016 2017 2018 2019
.
New HomesSold
0
20
40
60
80
100
120
140
January February March April May June July August September October November December
2014 2015 2016 2017 2018 2019
05101520253035404550
$200,000 and under
Active Pending Sold
0
20
40
60
80
100
120
$200,001‐$250,000
Active Pending Sold
0
20
40
60
80
100
120
$250,001‐$300,000
Active Pending Sold
0102030405060708090
$300,001‐$350,000
Active Pending Sold
01020304050607080
$350,001‐$400,000
Active Pending Sold
05
101520253035404550
$400,001‐$450,000
Active Pending Sold
051015202530354045
$450,001‐$500,000
Active Pending Sold
05
101520253035404550
$500,001‐$700,000
Active Pending Sold
0
5
10
15
20
25
$700,001‐$999,999
Active Pending Sold
012345678910
$1,000,000 and up
Active Pending Sold
Absorption RateNew Homes
in months
012345678910111213141516171819
<$200k $200‐250k $250‐300k $300‐350k $350‐400k $400‐450k $450‐500k $500‐700k $700‐1mil >$1mil
2016 2017 2018 Oct‐19 Nov‐19 Dec‐19Over $1mil is 21 months
