For the second year in a row Edmond has set a new record in residential home sales. topping last years record by 189 closed sales with 4284 closing for 2014. We also set a new Volume record with 1.155 Billion dollars of sales for the Edmond market area.
November had fallen way short of previous Novembers. But December was the highest in years to help us break the record.
Our pending contracts have been behind the previous years numbers all year. But that is a very good sign being our closed deals are up. Showing we are getting more of these contracts to the closing table. With a few price ranges having more closing then pending contracts. Great ratio.
The number of active listings are still down. Not to an all time low but way down for the demand compared to then. If a house is priced right and more important updated and good shape it is selling like hot cakes.
December also saw the most home under contract in the over million dollar price range. going to be a great start for that price range in 2015. made me remember an interview I did in 1995 as President of the board talking about 1994 sales. Saying we had properties sell from $15,000 as a low to the high price that year was around $750,000. A big difference in 20 years.
You can still see a big difference in listings versus sales as price ranges go up. The cap in the charts get wider. Under $200,000 Pending out paced active listings almost all year long. Even one month Closed out paced pending and active houses. I would like to see that more often.
So I would say lets celebrate a great 2014, but we are all to busy working on a busy start to 2015. Good Luck all
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