Sonoma Lake is one of West Edmond's premier communities in the 1700-3000sf range. It's a beautiful neighborhood centrally located on the South side of NW 164th, between Penn and Western. It's a great family community, which is surrounded by other premier Edmond communities, such as Fairview Farms to the South, and
Fenwick & Fenwick Garden Village to the North.
Sonoma Lake 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 huge pond, walking trails, and great schools.
You'll find a gorgeous entrance, and lots of lush landscaping throughout Sonoma Lake, and the kids here get the benefit of the award-winning Edmond Public Schools system; specifically Charles Haskell Elementary, Summit Middle School, and Edmond Santa Fe High School.
Developers and several high-quality builders began construction in Sonoma Lake in 2005, and the neighborhood is almost complete. There are just a handful of lots and new-construction homes left for sale. The homes range in size from about 1,700 square feet up to about 3,000 square feet, and the values are currently between about $150,000 & $270,000.
The following chart shows statistics of homes sold specifically in the Sonoma Lake addition, from January 1st to December 31st, 2007 and compares these numbers with their respective numbers from 2006.
As you can see, the Sonoma Lake 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 5.5 months, the inventory in Sonoma Lake is at a very healthy level, 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.
Also, just in case you're looking for information about Sonoma Lake's covenants and restrictions, or neighborhood events, here's the Sonoma Lake Home Owners Association website.
With such a wide range of variables to consider when pricing a home in Sonoma Lake, 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 Sonoma Lake 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
We hear the weather's going to be amazing this weekend, so Sunday will be the perfect time to get out & look at houses, right? With that in mind, we've organized the 
