Preston Report August 2020 · 2020. 9. 28. · Preston Report Edmond Real Estate Market August 2020...
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Preston Report Edmond Real Estate Market August 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 [email protected] www.Edmond4Sale.com Realtor of the Year 1995 & 2002 Lifetime Achievement 2009 Most Cooperative Realtor 1992 RE/MAX Hall of Fame Oklahoma Association of Realtors Life Member 2018
Transcript of Preston Report August 2020 · 2020. 9. 28. · Preston Report Edmond Real Estate Market August 2020...
Preston ReportEdmond Real Estate Market
August 2020
Prepared by
Brian PrestonRE/MAX at Home
Mobile: 405‐826‐5725
www.Edmond4Sale.com
Realtor of the Year 1995 & 2002Lifetime Achievement 2009
Most Cooperative Realtor 1992RE/MAX Hall of Fame
Oklahoma Association of Realtors Life Member 2018
EdmondReal Estate
2019 Residential HomesActive Pending Sold
January 1003 622 228February 1035 725 341March 1114 594 417April 1093 744 379May 1046 886 405June 978 922 570July 867 876 625August 771 852 589SeptemberOctoberNovemberDecember
Total 3554
Preston ReportBased on information from MLSOK.com for the period (01/01/20) through (08/31/20) Edmond, Deer Creek and Oakdale School Districts, while information is deemed reliable it is not guaranteed
Average Sales Price& Sales Volume
Average Price Total Volume Avg Price New Home Total Volume New Homes
Jan. $311,946 $71,123,688 $329,679 $18,462,024Feb. $310,202 $105,778,882 $361,857 $30,757,845March $307,136 $128,075,712 $327,242 $32,396,958April $302,933 $114,811,607 $316,570 $29,441,010May $294,635 $119,327,175 $315,254 $28,372,860June $312,927 $178,368,390 $332,083 $49,148,284July $318,450 $199,031,250 $335,818 $47,686,156August $337,394 $198,725,066 $366,063 $47,954,253Sept.Oct.Nov.Dec.
Total $313,799 $1,115,239,956 $336,753 $284,219,390
Active Listings
0
200
400
600
800
1000
1200
1400
1600
1800
2000
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
Under Contract
0
100
200
300
400
500
600
700
800
900
1000
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
Sold
0
100
200
300
400
500
600
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
Current Inventoryvs. Homes Sold
Edmond – August 2020Active Pending Sold YTD
<$100,000 2 8 33
$100‐125k 3 5 48
$125‐150k 2 21 107
$150‐175k 10 39 243
$175‐200k 17 79 392
$200‐225k 24 90 360
$225‐250k 66 99 385
$250‐275k 51 75 322
$275‐300k 51 73 268
$300‐350k 102 90 412
$350‐400k 79 81 312
$400‐450K 64 43 189
$450‐500k 50 29 139
$500‐700k 114 72 222
$700‐1 mil 72 34 83
>$1 million 64 14 39
_____________________________________________________________________________________________________________________________________
Total 771 852 3554
0
2
4
6
8
10
12
14$100,000 and under
Active Pending Sold
0
2
4
6
8
10
12
$100,001‐$125,000
Active Pending Sold
0
5
10
15
20
25
30
$125,001‐$150,000
Active Pending Sold
010203040506070
$150,001‐$175,000
Active Pending Sold
0
20
40
60
80
100
120$175,001‐$200,000
Active Pending Sold
0
20
40
60
80
100
120
$200,001‐$225,000
Active Pending Sold
0
20
40
60
80
100
120
$225,001‐$250,000
Active Pending Sold
0
20
40
60
80
100
120
$250,001‐$275,000
Active Pending Sold
0
20
40
60
80
100
120$275,001‐$300,000
Active Pending Sold
020406080100120140160180200
$300,001‐$350,000
Active Pending Sold
020406080100120140160180
$350,001‐$400,000
Active Pending Sold
0
20
40
60
80
100
120
$400,001‐$450,000
Active Pending Sold
0102030405060708090
$450,001‐$500,000
Active Pending Sold
020406080100120140160180
$500,001‐$700,000
Active Pending Sold
0
20
40
60
80
100
120
$700,001‐$999,999
Active Pending Sold
0102030405060708090
$1,000,000 and up
Active Pending Sold
Absorption Rates
0123456789
1011121314151617
<$100,000 $100‐125k $125‐150k $150‐175k $175‐200k $200‐225k $225‐250k $250‐275k $275‐300k $300‐350k $350‐400k $400‐450k $450‐500k $500‐700k $700‐1mil >$1mil
In Months
2017 2018 2019 Jun‐20 Jul‐20 Aug‐20 over a Million 16.5 + months
Current New Home Inventoryvs.
New Home SalesAugust 2020
Active Listings Under Contract Sold‐YTD<$200,000 3 25 68$200‐250 38 57 178$250‐300 50 67 172$300‐350 50 36 142$350‐400 45 35 115$400‐450 34 18 62$450‐500 23 11 36$500‐700 39 20 50$700‐1 Mil 11 9 11> 1 Mil 3 4 10____________________________________________________________________________Total 296 282 844
New HomesActive
0
100
200
300
400
500
600
700
800
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
.
New HomesUnder Contract
0
50
100
150
200
250
300
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
.
New HomesSold
0
20
40
60
80
100
120
140
160
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
0510152025303540
$200,000 and under
Active Pending Sold
0102030405060708090
$200,001‐$250,000
Active Pending Sold
0
20
40
60
80
100
120
$250,001‐$300,000
Active Pending Sold
0102030405060708090
$300,001‐$350,000
Active Pending Sold
01020304050607080
$350,001‐$400,000
Active Pending Sold
05
101520253035404550
$400,001‐$450,000
Active Pending Sold
0
5
10
15
20
25
30
$450,001‐$500,000
Active Pending Sold
05
101520253035404550
$500,001‐$700,000
Active Pending Sold
0
5
10
15
20
25
30
$700,001‐$999,999
Active Pending Sold
012345678910
$1,000,000 and up
Active Pending Sold
Absorption RateNew Homes
in months
012345678910111213141516171819
<$200k $200‐250k $250‐300k $300‐350k $350‐400k $400‐450k $450‐500k $500‐700k $700‐1mil >$1mil
2017 2018 2019 Jun‐20 Jul‐20 Aug‐20Over $1mil is 21 months
