About Edmond's Cedar Pointe

I got a call today from a gentleman who lives in Cedar Pointe and is thinking about selling his home. I figured while I'm researching the most recent comps in the neighborhood, now would be a good time for my monthly report on what’s selling, what’s not, and what’s new on the market in Cedar Pointe.

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 live in the neighborhood. So, this report is designed to keep you up-to-date on inventory levels, then quarterly 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 Cedar Pointe real estate market. Hopefully, it will be a useful resource for all of the current home owners, and those thinking about moving here.

I'm constantly tweaking the format of this type of report, so please bear with me as I work through the logistics, and if there’s something you’d like me to include in these posts that would make them more useful, please email me. Here are the Cedar Pointe homes that closed within the past 60 days:

And here are the homes currently on the market in Cedar Pointe (Active & Pending):

**All statistical and listing information provided to and compiled by MLSGateway.com, Inc. covering a period (1/19/08) through (3/19/08). 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.

For more information about a specific home, or to find out how to get yours sold for the most in the shortest time, call or email me.

**THIS WAS ORIGINALLY POSTED ON MY EDMOND REAL ESTATE BLOG ON 3/20/08

It's time for my monthly report on what's selling, what's not, and what's new on the market in Cedar Pointe.

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 here in Cedar Pointe, since I live here and sell a lot of the homes in the neighborhood. This report is designed to keep you up-to-date on inventory levels, then quarterly 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 Cedar Pointe real estate market. Hopefully, it will be a useful resource for my Cedar Pointe neighbors, and those thinking about moving here...

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It's time for my monthly report on what's selling, what's not, and what's new on the market in Cedar Pointe.  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 us all a real pulse on the health of the Cedar Pointe 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?"  Especially here in Cedar Pointe, since I live here and sell a lot of the homes in the neighborhood.  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 my Cedar Pointe neighbors, and those thinking about moving here.

If you're one of those who are thinking about buying a home in Cedar Pointe, be sure to check out some of our other posts (linked at the bottom of this post), and my Cedar Pointe Information page, which will give you more details about the community, the schools, and it's surroundings.

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.

Here are the Cedar Pointe homes that closed within the past 2 months:

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

As an active REALTOR® in Edmond, Cedar Pointe is one of the neighborhoods I watch closely; partly because I sell a good number of Cedar Pointe homes, and partly because I live in the neighborhood myself.  It's a great family community, located on the East Side of Santa Fe, between Danforth and Covell, with a presence that many can't resist.  Nearby neighborhoods include Pebble Creek to the South, Cheyenne Crossing to the North, and Homestead to the West.

Cedar Pointe offers all the things that most families want in a neighborhood; a great location, convenient to lots of shopping, restaurants and parks, a wonderful community pool, park, ponds, walking trails, and great schools.

One of the great things about Cedar Pointe is that these are not cookie-cutter homes.  You'll find a lot of character and individuality in Cedar Pointe.  In addition, 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 builders began construction in Cedar Pointein 1997, and the neighborhood is now completely built-out, with only one remaining new-construction home on the market.  The homes range in size from about 1,500 square feet up to about 2,400 square feet, and the values are currently between about $140,000 & $225,000.

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

As you can see, the Cedar Pointe comparison from 2006 to 2007 shows strong, promising signs.  2007 brought an increase in overall homes sales, sales prices, and prices per square foot.  The only negative one could perceive is the increase in the number of days it took for the homes to sell.  However, the increase in DOM was common in our overall marketplace in 2007 (nothing unique for Cedar Pointe).

With an absorption rate of about 6 months, the inventory level for Cedar Pointe is 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 Cedar Pointe, 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 Cedar Pointe 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