By Robert Barron

Staff Writer



More than 1,000 homes were sold in the Enid area during 2007, a little more than 70 percent of total listed during the year.

According to figures from Enid Metro Association of Realtors, 1,557 homes were listed for sale last year and 1,094 sold. The average list price for homes in the area was $106,153, while the average sale price was $102,261. The average days on the market for homes in 2007 was 95 days.

Currently there are 327 homes available at an average price of $133,218, and they have been on the market for 103 days as of Jan. 2.

“We need homes. We’re short of homes to sell,” said Carolyn House, Enid Metro Asso-ciation of Realtors executive.

Kurt Young, of RE/MAX Premier Realtors and president of Enid Metro Association of Realtors, said 2007 was a good year, even though the spring and summer months showed a real shortage of homes for sale. During the middle of the year, the number of homes for sale dwindled to just more than 200. Even as 2008 begins, the 327 houses on the market is low. There are about 500 homes normally for sale at any time in Enid.

Young is confident the 2007 numbers were higher than 2006, and he said he expects 2008 to be a better year.

“We have a good market. New home sales, new home construction demand, new employment coming into the area helped, with Advance Food, Vance Air Force Base and Continental Resources, among others,” he said. “All of it increased the market year. Even the rental market was stronger than ever.”

The medical community also has expended, he said.

Young said the economy has been good in Enid for several years. Many people who have lived in Enid for a long time and built up equity in their homes have traded up to larger homes.

Enid already has come out of the holiday season slump, which normally occurs at this time, he said. Young said his telephone was ringing New Year’s Day, and he showed some houses. Young is encouraged about the Enid market, saying it still is a good time for both buyers and sellers.

“Homes have not depreciated in this area,” he said.

Homes listed in the year-end figures include houses sold in Pond Creek, Waukomis, Lahoma and other area towns.

The largest number of homes sold during the year were two- and three-bedroom homes that averaged about $89,000. Just more than 1,000 homes in that price range were placed on the market and 830, or about 75 percent, were sold.

Homes with four or more bedrooms, averaging $190,160, were second in the number of homes sold. A total 260 were listed and 185, or about 71 percent, sold. Two- and three-bedroom houses were on the market an average of 90 days, compared to 119 days for homes with four or more bedrooms.

The average price of two- and three-bedroom homes remaining unsold is $89,086, and the average price for remaining four-bedroom or more homes average price is $229,895.

React to this story:

0
0
0
0
0

Trending Video

Recommended for you