Zip Code 73003 Market Snapshot

Zip code 73003 in Edmond, Oklahoma Real Estate Market Snapshot

In west-central Edmond, zip code 73003 covers about 53 square miles and there are over 12,000 households in the area.  Just a few of the neighborhoods that can be found in the area are; Bradford Park, Copper Creek, Fenwick, Homestead, Pebble Creek, Coffee Creek and Park Lane Estates.

A picture says a million words.  So here is a snapshot of what is happening Edmond real estate in the zip code 73003;

During June 2010 there were 77 new listings with an average list price of $215,577.  Of those, 11 are already under contract after an average of just 13 days on the market.  This is an increase over May 2010 where we only saw 47 new listings in the zip code.  Of those listed in May 6 are now pending after an average 25 days on the market and 9 have already closed.  Of the closed transactions the average list price was $132,013.

How does that compare to what was happening last year?  Well, in 2009 there were 65 73003 zip code properties listed in June.  Of those 44 ultimately closed and 20 listings eventually expired.  One property is under contract and has been since November.

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