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Edmond, OK

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March 2009 Snapshot of Edmond, Oklahoma's Real Estate Market Update

04-02-09
Sherine Price, CRS, GRI, CHMS
Sherine Price, CRS, GRI, CHMS: Real Estate Agent in Edmond, OK
  • view my blog
  • Mobile: (405) 306-7770

Active Listings:

  • 1428 homes for sale in the Edmond school district
  • Average 112 days on the market
  • Average list price $358,389
  • Average list price per square foot $119.03
  • Average size: 2766 square feet, 3 Bed/2 Bath

Sold/Under Contract:

  • 450 homes went under contract and/or sold
  • So we have an inventory of approximately 3 months
  • Average 83 days on the market for the sold properties
  • On Average, sellers are receiving 98% of their list price
  • Average sales price $225,547
  • Average price per square foot $95.94

For more information on the real estate market in the Edmond & Oklahoma City Metro Areas or for your FREE/No Obligation Market Report for your Neighborhood call or email me any time at (405) 306-7770 Sherine@MovingUpInEdmond.com

Go to www.MovingUpInEdmond.com to Search the MLS for available Homes, Learn more about the Edmond Area, and learn more about buying, financing, selling, and maintaining a home.

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I sold my house!

03-09-09
Joe Pryor.com Realtor Oklahoma Investment Properties
Joe Pryor.com Realtor Oklahoma Investment Properties: Real Estate Agent in Oklahoma City, OK
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  • Office: (405) 359-8700
  • Mobile: (405) 590-2135
  • Secondary: (405) 800-7629

Sometimes you get a break. In one week I close on my personal house that I had built for me in 2005. It is in Edmond, Oklahoma, a suburb of Oklahoma City that is on the North side and has excellent demographics. Despite the fact that i paid 2005 prices, I was able to sell it for more than I bought it for. This is no small feat in 2009 where markets in other parts of the country have had a monster sell off. I know that Oklahoma lacks for the scenery of the coasts, has no mountains like the Rockies, and the culture, well let's just say it is improving. But for a place to ride out the storm of economic uncertainty, it is a good place to be. I was happy to see oil on the way back up, and we are hoping natural gas will do the same. In the meantime, I am boxing up stuff to keep, but i am also enjoying the art of moving which says okay, I have moved this from three different houses so it is time for ebay.com and Craigs List. The older you get the less objects have in importance. As a recent cancer survivor I say more friends, more family, and more joy in what really matters in life. In the emantime I will take my new equity which is good, and invest it in short sale properties that make me at least $300 per month. My plans are for ten in the next two years. In an economic downturn cash is king, and I need good deal for my retirement. Oklahoma is OK.

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Sunrise At the Lake

02-27-09
Jim Lee & Janet Holt Edmond Oklahoma Luxury Home Realtors
Jim Lee & Janet Holt Edmond Oklahoma Luxury Home Realtors: Real Estate Agent in Edmond, OK
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  • Office: (405) 348-7900
  • Mobile: (405) 550-3307
  • Secondary: (405) 771-5291

jimlee, Oklahoma Real Estate, Edmond Real estate

My favorite place to have Starbucks in the morning. Every morning is simply breath taking and ever changing.

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Maybe I Was Unclear? Home Buyers Get FREE Down-Payment or Closing Costs!!

02-26-09
Ryan Hukill - Edmond Realtor®
Ryan Hukill - Edmond Realtor®: Real Estate Agent in Edmond, OK
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  • Office: (405) 802-4663
  • Mobile: (405) 802-4663
  • Secondary: (405) 348-4422

I posted some information yesterday that's blowing the socks off of the people who get it, but maybe I wasn't clear enough in my initial post to help enough people 'GET IT.'

I'll try to be more direct:

If you or your client qualify for the New $8K Home Buyer Tax Credit, you/they can claim it on their 2008 (last year's) tax return and GET THE MONEY NOW, BEFORE BUYING A HOUSE.  This means, that money can be used toward down-payment and/or closing costs.

Did everyone get that?  GET THE MONEY BEFORE BUYING A HOUSE!

Now, there are some caveats to this deal, so make sure you read all the details and check with your CPA to get clarification on the advantages and disadvantages to this approach.  I'm not a Tax Pro, so make sure you cover yourself by checking with your Tax Pro on this BEFORE taking any action!

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Home Buyer Tax Credit Twist That You NEED to Know About!

02-25-09
Ryan Hukill - Edmond Realtor®
Ryan Hukill - Edmond Realtor®: Real Estate Agent in Edmond, OK
  • view my blog
  • Office: (405) 802-4663
  • Mobile: (405) 802-4663
  • Secondary: (405) 348-4422

I've been waiting to hear back from CPA for some clarification on how the new Home Buyer Tax Credit can be used, and I finally got confirmation today... There's a twist to this new credit that EVERY HOME BUYER NEEDS TO KNOW ABOUT.  MAKE SURE YOU'RE TELLING YOUR CLIENTS!

Home Buyers Incentive - NEW TWIST

About a week ago, I told you about the new version of the Home Buyer Tax Credit, and at that time I had an idea of how this could REALLY be a benefit to someone thinking about buying a home, especially if he/she didn't have a lot of cash for down-payment or closing costs. I wanted to make sure I had correct information though, before posting it here for all the world to get excited about... I was waiting on my CPA to get clarification on the program.

So here's the scenario: If you meet the qualifications for the Home Buyer Tax Credit (click HERE for more details), you can claim the credit on your 2008 income tax return, EVEN if you haven't bought a house yet! Yep, that's right, you can claim it and get the money NOW, then put it toward your down payment and/or closing costs.

The other biggie is that this credit doesn't have to be re-paid. It's free money for home buyers that meet the criteria!

OK, so here's my disclaimer; this info came from my CPA, Rusty Hale. I'm putting this info out here for you to take advantage of, but please investigate and make sure it will work for you. Get advice from your CPA before taking any action, just to be sure you're not going to get jammed up somehow. One bad scenario I've though of is if you were to take the credit, get the money, then you can't qualify for a mortgage. My guess would be that you'd have to pay that money back, but again, CHECK WITH YOUR TAX PROFESSIONAL TO BE SURE! If you don't have one, call Rusty @ 405.330.6000.

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