Edmond/NW OKC Real Estate

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Cedar Lake Estates, Edmond - Builder's Home For Sale

I recently listed a gorgeous home in the up-and-coming Cedar Lake Estates addition of Edmond, and while I don't have all the virtual tours and online marketing prepared yet, I wanted to get the word out quickly about this exciting home.

Located at 440 Stonebridge, and sitting on almost an acre, this 4-bed, 3-1/2 bath home is loaded with custom features, such as extensive wood trim, slate tile, granite countertops, and so much more.  This beautiful custom was built by Tom Taylor of SST Construction in 2006, and has been lived in by Tom and has wife since it's completion.  At just over 2600 square feet, the rooms are large and spacious, and the open floorplan helps it feel even larger.

Cedar Lake Estates is located at the Northeast corner of Waterloo and Broadway.  You can't miss the impressive entrances off either street, and you'll love the wide open spaces afforded by these acre lots.  This community also gets the benefit of Edmond Public Schools (Cross Timbers Elementary, Sequoyah Middle School, and Edmond North High School). 

Call me today for your private showing.

I'll post more details here soon, along with a virtual tour and TONS of pictures!Home for sale in Cedar Lake Estates, Edmond, OK

0 comments • Ryan Hukill - Edmond Realtor® • January 28 2008 10:03PM

OKC/Edmond Real Estate Statistics for December 2007

OK, it's time to see the real numbers for the end of 2007.  We all knew December was a slow month, and the numbers show it, but there's still a lot of promising information in the December 2007 home sales statistics report.

Each and every month, I post up the Oklahoma City and Edmond Real Estate statistics, and every month so far I've had some very positive information to share.  This month is no different, except that we did see a dramatic drop in overall volume.

As always, I'm posting the real, honest numbers, so you, the consumer, can judge for yourself what's really going on, rather than just believing what you hear on the news.  Here it is; the following chart shows the monthly Oklahoma City Metropolitan Real Estate statistics for December 2007 as compared to November 2007 and December 2006:

-Dec-07Nov-07Dec-061-month change1-year change
TOTAL CLOSED 117013471434-15.13%-22.56%
TOTAL $ VOLUME $182,625,246 $197,106,320 $212,679,984 -7.93%-16.46%
AVERAGE PRICE $156,089 $146,329 $148,312 6.25%4.98%
MEDIAN PRICE $134,000 $123,000 $122,000 8.21%8.96%
AVG. INT. RATE 5.78%6.06%6.11%-4.84%-5.71%
%SELLING PRICE TO LIST PRICE 97%97%98%0.00%-1.03%
DAYS ON MARKET 92777616.30%17.39%
NUMBER OF LISTINGS 878390228263-2.72%5.92%
ABSORPTION RATE7.516.705.7610.78%23.24%

Edmond OklahomaNow, as you can see, December was down in overall volume and units sold. Well, that's not really a surprise.  I could have told you that, simply from the small amount of buyer traffic I personally witnessed in November and December, that time of year when everyone's focused on the Holidays and their focus is taken off of real estate. No big shocker there, but look at the average and median prices.  We're still up anywhere from 5 to 9 percent over last year!  Compare those appreciation rates to any other market in the country.  You'll find very few others who can even come close to those kinds of numbers.

Other figures to pay attention to are the absorption rate, the interest rate, and the days on market (DOM).

Interest rates are currently better than they have been in several years, while it is taking longer to sell our homes than it was this time last year.  That's mostly due to the drop in number of sales, and the increase in absorption rate.  I expect to see that number come back down as we head toward spring.

I predicted in last month's report that we'd see a spike in buyer interest after the first of the year, and I was right, as you can read in my recent post Spring Has Sprung You Say?!  The sellers who have an agent who understands what's really going on will be in position to take advantage of this "down market" over the next couple of months, so get your house ready now.

If you have any questions about Homes for Sale in Edmond, OK please don't hesitate to contact us for a free, no obligation analysis of the current market. In the meantime, you'll find a wealth of information at our Edmond Real Estate website.

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (12/01/06) through (12/31/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy.

0 comments • Ryan Hukill - Edmond Realtor® • January 20 2008 11:01PM

Here's Your Sign

I remember hearing a great idea a few years back about issuing signs to be worn by the dumbest of the dumb in our society.  Some days it seems there wouldn't be enough signs to go around, but when I read a story like this one, I know there are a few at the top of the list who should get the first signs offered.

Question is, at what point should a repeat offender like this guy be put away for good?  He's obviously a serious danger to the rest of us and doesn't learn from his mistakes.  Would taking away his license be enough?  Doubtful.  My guess is that he'd drive anyway; he obviously has no respect for the laws put in place to protect people anyway. 

OK, I'll get off my soapbox.  I found this story humorous at first glance, but there really is a more serious issue at hand with a guy like this.

2 comments • Ryan Hukill - Edmond Realtor® • January 20 2008 11:00PM

Fenwick, Edmond OK Activity Report, January 2008

It's time for my monthly report on what's selling, what's not, and what's new on the market in Fenwick.  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 Fenwick real estate community.Homes for sale in Fenwick

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 Fenwick residents, and those thinking about moving here.

If you're one of those who are thinking about buying a home in Fenwick, be sure to check out some of our other posts (linked at the bottom of this post), which will give you more detailed information about the community, the schools, and it's surroundings.

Please bear with me as I work through the logistics of this over the next month, 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 Fenwick homes that closed within the past 2 months:

Fenwick Homes Sold Statistics

And here are the homes that are currently listed in Fenwick (Active & Pending):

ML#StatusAddressSqFtBuiltList PriceLP/ SF
304592 Active17108 Kemble Lane 2243 2002 $196,900 $87.78 
312944 Active17009 Bridle Ridge Circle2321 2000 $206,900 $89.14 
305400 Active16617 Farmington Way 2116 2002 $215,000 $101.61 
307242 Active16716 Village Garden Dr. 2032 2007 $221,500 $109.01 
314671 Active17112 Granite Place2353 2000 $227,500 $96.69 
303396 Active17113 Beford Dr2454 2001 $234,900 $95.72 
307905 Active17109 Gladstone Lane 2620 2001 $234,900 $89.66 
292781 Active17012 Granite Place 2605 2001 $239,900 $92.09 
303553 Active16705 Farmington Way 2490 2001 $249,900 $100.36 
285700 Active16509 Brewster Lane 2378 2007 $254,900 $107.19 
289647 Active16509 Village Garden Dr2805 2007 $259,000 $92.34 
294664 Active16801 Parkhurst Rd 2917 1997 $269,900 $92.53 
315013 Active16901 Parkhurst Rd2917 2000 $274,900 $94.24 
309754 Active16500 Brewster Ln 2708 2007 $288,000 $106.35 
309288 Active16509 Bradbury Circle 3343 2002 $289,900 $86.72 
302088 Active16712 Moorgate 2804 2007 $294,900 $105.17 
314982 Active1408 NW 165th 3226 2003 $295,000 $91.44 
287179 Active16600 Village Garden Drive 2612 2006 $296,500 $113.51 
308488 Active1313 NW 170th3375 2005 $305,000 $90.37 
311093 Active1425 NW 165th Ct3455 2003 $314,900 $91.14 
285914 Active16508 Village Garden Dr2941 2006 $318,900 $108.43 
312761 Active1601 NW 171st St3435 2006 $329,900 $96.04 
309277 Active16721 Village Garden Drive 3268 2007 $335,900 $102.78 
309390 Active16805 Thorton Lane 3331 2007 $339,900 $102.04 
305168 Active16801 Bradbury Circle 3762 2002 $339,900 $90.35 
309279 Active16725 Village Garden Drive 3350 2007 $341,900 $102.06 
309167 Active1404 NW 170th St3597 2004 $349,900 $97.28 
290812 Active16913 Gladstone Circle 3600 2003 $349,900 $97.19 
307248 Active16508 Fenwick Blvd3671 2004 $367,000 $99.97 
283786 Active17200 Saddlecreek Way 3725 2007 $369,000 $99.06 
308795 Active1401 NW 171st 4219 2005 $379,500 $89.95 
315235 Active1300 NW 171st4292 2004 $390,000 $90.87 
309706 Active17112 Saddlecreek Way 4700 2007 $446,900 $95.09 
303159 Pending16604 Brewster Lane 2475 2007 $252,900 $102.18 
300356 Pending16609 Fenmoor Lane3056 2003 $299,000 $97.84 
313090 Pending1312 NW 170th5007 2005 $389,900 $77.87 

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (11/15/07) through (1/15/08). 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.

Here are some past Fenwick posts:
Fenwick, Edmond, OK - Neighborhood Market Summary 2007 
Fenwick addition, Edmond, OK 2007 Market Summary
Fenwick, Edmond OK Quarterly Report, 4Q 2007

 
0 comments • Ryan Hukill - Edmond Realtor® • January 20 2008 10:58PM

Spring Has Sprung You Say?!

"Spring has sprung and the deals are flying here at the Hukill Group!"

I know, sounds like some ridiculous car commercial, right?!  I should have on a fake smile and a really bad sport coat right about now. 

Seriously though, my predictions have come true; the phones are ringing, the lockboxes are popping, and the ink is trying to dry this past week.  When everyone in town was stressing about the lack of activity in December, I kept saying "Just wait until the first of the year, and the buyers will be out looking to finish what they started before the Christmas season."  Then January 1st hit and it was like someone had flipped a switch, or opened the floodgates, or whatever other analogy you'd like to insert here.

You see, I typically average about 2-4 showing per week on each of my listings, and in the entire month of December, I got a grand total of 7 showing appointments scheduled for my 9 listings.  Quite a drop-off, and enough to send most agents (and home sellers) looking for the nearest ledge.  At that time, however, I just kept telling home owners to get their homes spruced up and on the market in time for the new years rush, and sure enough when the first of the year hit, we were back up to 2-4 showings per week per listing.

Well, here's what that activity has brought over the past 7 days:

  • 1 new listing
  • 3 new sellers, getting their homes ready to list
  • 2 new contracts on my existing listings
  • 9 new serious buyers, just looking for the right home

Now, if that's not activity, I don't know what is.  It feels like Spring again, and we haven't even made it through the worst weather months yet.  And if you're one of the home owners I visited with that's on the fence as to whether now is the time, you better pick up the phone and take advantage now.  Get ready for a busy 2008!

8 comments • Ryan Hukill - Edmond Realtor® • January 15 2008 06:01PM

Cheyenne Crossing, Edmond OK Activity Report, January 2008

It's time for my monthly report on what's selling, what's not, and what's new on the market in Cheyenne Crossing. 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 Cheyenne Crossing real estate community.Homes for sale in Cheyenne Crossing

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 Cheyenne Crossing residents, and those thinking about moving here.

If you're one of those who are thinking about buying a home in Cheyenne Crossing, be sure to check out some of our other posts (listed at the bottom of this post), which will give you more detailed information about the community, the schools, and it's surroundings.

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 Cheyenne Crossing homes that closed within the past 2 months:

Cheyenne Crossing Edmond OK SOLD

And here are the homes that are currently listed (Active & Pending):

AddressSqFtList PricePrice/SqFt
1840 Redland Dr 2415 $249,900 $103.48 
2425 Flint Ridge 2493 $274,000 $109.91 
2332 Red Rock 2750 $279,900 $101.78 
2217 Flint Ridge2866 $285,000 $99.44 
1624 Deer Park Dr 2703 $289,899 $107.25 
1633 Apache Trail 2750 $297,900 $108.33 

**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.

Here are some past Cheyenne Crossing posts:
Cheyenne Crossing, Edmond OK Quarterly Report, 4Q 2007
Cheyenne Crossing, Edmond, OK - Neighborhood Market Summary 2007
Cheyenne Crossing, Edmond Home SOLD - 1700 Apache Trail - SOLD IN 35 DAYS
Cheyenne Crossing addition, Edmond, OK Market Report 2006

0 comments • Ryan Hukill - Edmond Realtor® • January 15 2008 08:59AM

Do You DWT?! ....I Do, But Shouldn't

This may come as a shock to many, but apparently it's becoming more and more common for people to text while they're putting on their makeup, fixing their hair, reading the paper, drinking their coffee, reading a good book and shaving.... oh yeah, and DRIVING.

According to this article, it's a big enough issue that several states are working on passing bills to outlaw driving while texting, or "DWT."  Is that really necessary, or are there bigger issues that could be dealt with?

AT&T 8525

Yes, I'm sure that in our line of business, we are highly guilty of this as a group.  I'll admit that I am too.  Back before my addiction to smartphones, it was easy to text away without ever taking my eyes off the road.  One thumb and one little 10-key pad to type on was easy.  Now I've got a full qwerty keyboard to deal with.  I can't type by feel anymore, I have to see what I'm doing, and I have to use two thumbs.  So yes, it's a MAJOR distraction if I try to reply to a text while driving, which could equate to danger for everyone around me on the road, so I typically pull over now if I need to text; not always, but most times.  Heck, I've even been known to have the laptop sitting in the front passenger seat while trying to pull up a listing or email a form to someone.  How stupid is that?

What?  You do it too?  OK, let's lighten things up a little bit.  Here's a fun blog post about this topic that might make you chuckle once or twice.  Seriously though, I'm sure this really is a growing problem around the country.  I have no doubt.  I also don't deny that something needs to be done about it.  It's like talking on the phone while driving.  Some can handle it responsibly, and some can't.  I think there is actually a certain gene that holds the ability to effectively drive and talk at the same time.  Problem is, the majority of drivers weren't born with this gene.  Only a lucky few of us can chew bubble gum & walk at the same time.  Same gene. 

So, how do we combat this DWT problem?  Make it an offense punishable by death?  Well, maybe not.  Truthfully, I don't know that even a new law would take care of it, simply because it's like any other law.  If it's not heavily enforced, it won't do any good.  Besides, do we really need more laws to enforce common sense?  I'm pretty sure just about every state in our country has a distraction law.  Did you know that in most places you can actually be ticketed for smoking while driving?  It's a distraction.  You can be cited for "failure to devote full attention."  Same goes for putting on your makeup, fixing your hair, reading a book, or even digging through your purse while driving.  When's the last time you heard of someone getting a ticket for those things? 

Plain and simple, why create more laws?  Why not just utilize the power that's already available to our officers?

11 comments • Ryan Hukill - Edmond Realtor® • January 13 2008 09:05PM