About Edmond's Cheyenne Crossing

It’s time for the March 2008 edition of my monthly report on what’s selling, what’s not, and what’s new on the market in Cheyenne Crossing.

You’d be amazed at how often I get asked “What did that house around the corner sell for” or “How much is that house on X street listed for?” Especially since I have several friends and clients who live in Cheyenne Crossing, who seem to be particularly interested in what's going on in their neighborhood.

This report is designed to keep you up-to-date on inventory levels, then each quarter I’ll break down overall neighborhood pricing and compare it to the previous year. This combination gives us all a real pulse on the health of the Cheyenne Crossing real estate market. Hopefully, it will be a useful resource for all of the Cheyenne Crossing home owners, and those thinking about moving here.

If you’re one of those who are thinking about buying a home in Cheyenne Crossing, be sure to check out the page I'm building specifically for Cheyenne Crossing. It will provide more specific details about the community, the schools, and it’s surroundings. Also, feel free to contact me with your specific questions, or to schedule your private showing of any of these homes.

Please bear with me as I work through the logistics of making this a great monthly resource for you, and if there’s something you’d like me to include in these posts that would make them more useful, please email me.

Now, normally I'd have a chart here showing the homes that have sold in Cheyenne Crossing during the past 60 days, but I can't do that this month, simply because the last home closed in the neighborhood was in December. So, this month, I'm only posting the homes currently listed in Cheyenne Crossing (Active & Pending):

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (1/8/2008) through (3/9/2008). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy. Listing information is deemed reliable at the time of this posting, but subject to change without notification, and should be verified through a licensed agent for accuracy.

This report was originally posted on my Edmond Real Estate blog, on 3/8/08

It's time for my monthly report on what's selling, what's not, and what's new on the market in Cheyenne Crossing. This report is designed to keep you up-to-date on inventory levels, then quarterly I break down pricing and compare it to the previous year.  This combination gives me a real pulse on the health of the Cheyenne Crossing real estate community.

You'd be amazed at how often I get asked "What did that house around the corner sell for" or "How much is that house on X street listed for?"  So, I've been working on a format for this report, which will give that information and more.  Hopefully, it will be a useful resource for Cheyenne Crossing residents, and those thinking about moving here.

If you're one of those who are thinking about buying a home in Cheyenne Crossing, be sure to check out some of our other posts (listed at the bottom of this post), which will give you more detailed information about the community, the schools, and it's surroundings.

Please bear with me as I work through the logistics of this over the next month, and if there's something you'd like to see me include, to make this report more useful, please email me.

Here are the Cheyenne Crossing homes that closed within the past 2 months:

And here are the homes that are currently listed (Active & Pending):

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (11/09/07) through (1/09/08). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy. Listing information is deemed reliable at the time of this posting, but subject to change without notification, and should be verified through a licensed agent for accuracy.

Cheyenne Crossing is one of Northwest Edmond's highly sought-after neighborhoods.  Just mention the name and most people know where it is... it's that beautiful community on the South side of Covell, between Santa Fe and Kelly, with the fountain pond out front.  It's a great family community with a presence that many find very appealing, with Mitch Park directly across the street and nearby neighborhoods such as Covell Village to the East, and Cedar Pointe to the South.

Cheyenne Crossing offers all the things that most families want in a neighborhood; a great location, convenient to lots of shopping and restaurants, a wonderful community pool, a pond, walking trails, and great schools.

Immediate, convenient access to Edmond's Mitch Park, provides all the recreation space you could need, complete with the Mathis Brothers Skate Park, plus the kids here get the benefit of the award-winning Edmond Public Schools system; specifically John Ross Elementary, Cheyenne Middle School, and Edmond North High School.

Developers and high-quality builders began construction in Cheyenne Crossing in 2002, and the neighborhood is almost complete.  There is one lot remaining to be built on, and just a handful of new-constructions homes up for sale now.  The homes range in size from about 2,000 square feet up to about 3,700 square feet, and the values are currently between about $215,000 & $349,000.

The following chart shows statistics of homes sold specifically in the Cheyenne Crossing addition, from January 1st to December 31st, 2007 and compares these numbers with their respective numbers from 2006.

As you can see, the Cheyenne Crossing comparison from 2006 to 2007 is pretty equal.  The overall sales volume was down for 2007, simply due to the majority of the homes being completed and sold in 2006.  The sales prices, and prices per square foot in 2007 stayed level or dropped slightly, as is normal as a community approaches build-out.

With an absorption rate of about 4 months, the inventory level for Cheyenne Crossing is very healthy, and I would predict that there will be an increasing number of homes coming on the market over the next few weeks, as we head into spring.  Subscribe to our blog to keep up-to-date on homes in the neighborhood.

With such a wide range of variables to consider when pricing a home in Cheyenne Crossing, it can be tricky, so if you're curious what your home would sell for or would like a chart more specific to your street, please contact us directly and we'll be happy to provide one for you, with no obligation of any kind. You can also visit our website, where you'll find Cheyenne Crossing information, as well as details on many other great Edmond neighborhoods.

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (1/1/06) through (12/31/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy

With the last few new homes selling soon, Cheyenne Crossing will be "complete" within the next few months.  It's turned out to be a beautiful family community that gets a lot of interest.  As a result, my phone has been ringing a lot lately from folks around Edmond and across the country with specific questions about the neighborhood.  I recently sold my last listing in Cheyenne Crossing, so many of them are asking what's selling, what's not selling, and what's new on the market.

You'd be amazed at how often I get asked "What did that house around the corner sell for" or "How much is that house on X street listed for?"  So, I've been working on a format for a monthly activity report, which should be a good resource for Cheyenne Crossing residents, and those thinking about moving here.

This will be the first one, so bear with me, as I work to make it as useful as possible. It's a work in progress, and if there's something you'd like to see me include, to make this report more useful, please email me. I'll also still be posting a quarterly market report which will break down pricing and trends in our community.

Here are the current listings (Active and Pending) in Cheyenne Crossing:

And here are the Cheyenne Crossing homes that closed within the past 2 months:

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (11/01/07) through (12/31/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy