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Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 4058265725 [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

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Page 1: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

Preston ReportEdmond Real Estate Market

May 2020

Prepared by

Brian PrestonRE/MAX at Home

Mobile: 405‐826‐5725

[email protected]

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

Page 2: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

EdmondReal Estate

2019 Residential HomesActive Pending Sold

January 1003 622 228February 1035 725 341March 1114 594 417April 1093 744 379May 1046 886 397JuneJulyAugustSeptemberOctoberNovemberDecember

Total 1762

Preston ReportBased on information from MLSOK.com for the period (01/01/20) through (05/31/20) Edmond, Deer Creek and Oakdale School Districts, while information is deemed reliable it is not guaranteed

Page 3: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

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 $303,021 $114,844,959 $316,928 $29,474,304May $295,113 $117,159,861 $316,184 $26,875,640JuneJulyAugustSept.Oct.Nov.Dec.

Total $304,758 $536,983,102 $330,064 $137,966,771

Page 4: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

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

Page 5: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

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

Page 6: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

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

Page 7: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

Current Inventoryvs. Homes Sold

Edmond – May 2020Active Pending Sold YTD

<$100,000 2 7 19

$100‐125k 0 6 34

$125‐150k 4 17 68

$150‐175k 9 58 131

$175‐200k 28 94 213

$200‐225k 41 103 165

$225‐250k 98 105 187

$250‐275k 78 68 153

$275‐300k 78 71 129

$300‐350k 123 120 199

$350‐400k 133 79 153

$400‐450K 82 42 89

$450‐500k 66 29 69

$500‐700k 131 61 98

$700‐1 mil 110 16 37

>$1 million 63 10 18

_____________________________________________________________________________________________________________________________________

Total 1046 886 1762

Page 8: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

0

2

4

6

8

10

12

14

16$100,000 and under

Active Pending Sold

02468

10121416

$100,001‐$125,000

Active Pending Sold

0

5

10

15

20

25

30

$125,001‐$150,000

Active Pending Sold

0

1020

30

4050

60

70

$150,001‐$175,000

Active Pending Sold

Page 9: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

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

Page 10: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

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

Page 11: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

0102030405060708090100

$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

Page 12: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

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 Mar‐20 Apr‐20 May‐20 over a Million 16.5 + months

Page 13: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

Current New Home Inventoryvs.

New Home SalesMay 2020

Active Listings Under Contract Sold‐YTD<$200,000 12 31 41$200‐250 59 78 85$250‐300 77 49 87$300‐350 65 40 68$350‐400 58 32 61$400‐450 38 21 25$450‐500 26 12 17$500‐700 42 12 28$700‐1 Mil 25 2 1> 1 Mil 6 4 5____________________________________________________________________________Total 408 281 418

Page 14: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

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

.

Page 15: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

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

.

Page 16: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

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

Page 17: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

051015202530354045

$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

Page 18: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

01020304050607080

$350,001‐$400,000

Active Pending Sold

05

101520253035404550

$400,001‐$450,000

Active Pending Sold

0

5

10

15

20

25

30

35

$450,001‐$500,000

Active Pending Sold

05

1015202530354045

$500,001‐$700,000

Active Pending Sold

Page 19: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

0

5

10

15

20

25

30

$700,001‐$999,999

Active Pending Sold

012345678910

$1,000,000 and up

Active Pending Sold

Page 20: Preston Report May 2020 - content.mediastg.net · Preston Report Edmond Real Estate Market May 2020 Prepared by Brian Preston RE/MAX at Home Mobile: 405‐826‐5725 bpreston88@sbcglobal.net

Absorption RateNew Homes

in months

01234567891011121314151617181920

<$200k $200‐250k $250‐300k $300‐350k $350‐400k $400‐450k $450‐500k $500‐700k $700‐1mil >$1mil

2017 2018 2019 Mar‐20 Apr‐20 May‐20Over $1mil  is 21  months