Edmond Oklahoma - residential real estate is booming
Edmond real estate is an exceptional value
The Edmond real estate market is booming. It is a fast moving real estate market and is expected to remain so.
The average price of a single family home has appreciated 23% in 5 years to $180,694.
The average price for a new home was $226,605 in 2003 and it increased to $245,000 in 2004.
Edmond residents are highly educated and many executive homes are available in the area, ranging from $250,000 to over $500,000: many are 3,000 to 5,000 square feet and exquisitely designed and built.
Sales prices of existing homes in 2003:
- $100,000 - $150,000 - approximately 30%
- $150,000 - $200,000 - approximaltey 20%
- $200,000 - $300,000 - approximately 25%
- $300,000 - $500,000 - approximately 25%
Source: Oklahoma City Metropolitan Association of Realtors, Edmond Economic Development Authority
