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Preston ReportEdmond Real Estate Market
March 2020
Prepared by
Brian PrestonRE/MAX at Home
Mobile: 405‐826‐5725
bpreston88@sbcglobal.net
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 415AprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
Total 984
Preston ReportBased on information from MLSOK.com for the period (01/01/20) through (03/31/20) 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 $18,462,584Feb. $310,247 $105,794,227 $362,039 $30,773,315March $306,218 $127,080,470 $326,193 $31,966,914AprilMayJuneJulyAugustSept.Oct.Nov.Dec.
Total $308,942 $303,998,385 $339,758 $81,202,813
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
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
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
Current Inventoryvs. Homes Sold
Edmond – March 2020Active Pending Sold YTD
<$100,000 3 6 11
$100‐125k 1 8 20
$125‐150k 5 24 46
$150‐175k 21 28 77
$175‐200k 48 75 109
$200‐225k 58 50 87
$225‐250k 105 71 106
$250‐275k 105 50 85
$275‐300k 82 50 73
$300‐350k 135 72 112
$350‐400k 128 58 85
$400‐450K 98 31 45
$450‐500k 60 20 36
$500‐700k 123 36 54
$700‐1 mil 88 9 22
>$1 million 54 6 16
_____________________________________________________________________________________________________________________________________
Total 1114 594 984
0
2
4
6
8
10
12
14
16$100,000 and under
Active Pending Sold
02468
101214161820
$100,001‐$125,000
Active Pending Sold
0
5
10
15
20
25
30
$125,001‐$150,000
Active Pending Sold
0
10
20
30
40
50
60
$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
140
$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
0102030405060708090100
$450,001‐$500,000
Active Pending Sold
020406080100120140160180
$500,001‐$700,000
Active Pending Sold
0102030405060708090100
$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 Jan‐20 Feb‐20 Mar‐20 over a Million 16.5 + months
Current New Home Inventoryvs.
New Home SalesMarch 2020
Active Listings Under Contract Sold‐YTD<$200,000 28 31 13$200‐250 84 37 51$250‐300 100 43 51$300‐350 78 30 43$350‐400 57 27 37$400‐450 42 13 14$450‐500 22 6 11$500‐700 35 9 15$700‐1 Mil 26 1 0> 1 Mil 5 3 4____________________________________________________________________________Total 477 200 239
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
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
05101520253035404550
$200,000 and under
Active Pending Sold
0102030405060708090100
$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
0510152025303540
$450,001‐$500,000
Active Pending Sold
05
1015202530354045
$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 Jan‐20 Feb‐20 Mar‐20Over $1mil is 21 months
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