About Edmond's Coffee Creek

It’s time for my monthly report on what’s selling, what’s not, and what’s new on the market in Coffee Creek.

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 who live in Coffee Creek, 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 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 Coffee Creek real estate market. Hopefully, it will be a useful resource for all of the Coffee Creek home owners, and those thinking about moving here.

If you’re one of those who are thinking about buying a home in Coffee Creek, be sure to check out some of my other posts, 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 Coffee Creek homes that closed within the past 60 days:

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**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (12/30/07) through (2/28/08). 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.

It's time for my monthly report on what's selling, what's not, and what's new on the market in Coffee Creek.  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 Coffee Creek 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 Coffee Creek residents, and those thinking about moving here.

What I'm finding though, is that with the sheer size of the neighborhood, I'm going to have to start breaking these reports down into the sub-sections of Coffee Creek, as there's just not enough space here to detail all 37 homes currently on the market.

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 Coffee Creek 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.

Coffee Creek is one of North Edmond's premier sought-after golf-course communities. Located in the square mile between Covell & Coffee Creek, and Kelly & Broadway, it's a large master-planned community, with several sub-additions, such as Stonebrooke, Prairie Village, The Links, Carriage Park, The Villas, Ash Grove, and Heritage Green, all varying in size and amenities.

Coffee Creek offers all the things that most families want in a neighborhood. You'll find community pools, parks, ponds, walking trails, a renowned golf course, and connection directly to Mitch Park. Folks in all stages of life live in Coffee Creek, from young executives to retirees, and everyone in between. In addition, the kids in Coffee Creek attend some of the best schools in the state (John Ross Elementary, Cheyenne Middle School, Edmond North High School).

Developers and quality builders began building Coffee Creek in 1997 and it really caught on in 2000, when it experienced a huge growth surge. There are still a few homes being built, although the neighborhood is almost 100% complete. They're just now about to finish it out. The homes range in size from 1,500 square feet up to about 5,500 square feet, and the values are currently between about $170,000 & $510,000.

This chart shows statistics of homes sold specifically in the Coffee Creek addition, from October 1st to December 31st, 2007 and compares these numbers with their respective numbers from 2006.

As you can see, the Coffee Creek comparison from 2006 to 2007 looks a little bit iffy at first glance, but take a couple of things into consideration as you evaluate these numbers. First, many of the homes that are currently selling in Coffee Creek are the last of those being built, which are primarily on the smaller and lower-priced end of the spectrum for the neighborhood, which brings down the averages for now. Also, as is usually the case as a neighborhood approaches build-out, volume has dropped tremendously. These drops are not necessarily something to be alarmed by in the short-term, and it should only take a few more months for the values to begin positive appreciation again, once the last of the new homes are sold. Subscribe to our blog to keep up-to-date on this progress.

With an absorption rate of 8 months, the inventory level for Coffee Creek is little bit higher than I'd like to see, but I predict we should begin to see some of that inventory sell off in the next 6 to 8 weeks, now that the Holidays have passed and people are beginning to re-focus their efforts on home shopping.

With such a wide range of home sizes in Coffee Creek, it can be difficult to figure an accurate pricing analysis, so if you're curious what your home would sell for or would like a chart more specific to your street in Coffee Creek, 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 Coffee Creek 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 (10/30/06) through (12/31/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy