Edmond Life & Leisure • August 27, 2020 • Page 17
A brisk home market By Brian Preston What a month with some milestones being set in July. First, last year we had our first month with over 500 closed transactions, and a couple more since, including last month. This month, July 2020, we broke the 600 mark with 620 closed transactions. July was up over last years record setting July by 89 transactions for an increase of 16.7%. Year to date sales thru July are up 135 deals for an increase of 4.7%. We almost broke the $200 million volume in a month. Since I did last month’s report we have had another 20 closings for June and three more for May. I guess they are so busy they can not get data entered on time. The second milestone is we are under 900 active listings for the first time in 21 years of this report. 867 Active listings. There are more pending sales and even more closed sales than active listings in every price range from $225,000 and down. Last month was the first time we dropped under a 1,000 active homes and it only took one month to drop under 900. Same number of homes coming on the market we are just selling them that fast. Except for the bottom and top price ranges all active listing dropped and one remained the same. Pending contracts are down from the month before by 46 from 922 to 876 for July. But that is 304 more than last July, for an increase of 53% from last year, so we are way up for this month. With those numbers we have set our third milestone, for the first time we have for our entire market, and not just a price range, we have more homes under contract than active Listing to choose from. New homes have had a couple great months. July had 141 closed deals which is 39.6% more than last year with 40 more deals. When I did June's report last month there were 130 closed deals. Well, those 20 closed deals added since last month I mentioned, 18 of them were new homes. So the current total for June is 148, up 40.9% from last June with 43 more deals than last year. Lets hope this keeps up
(Brian Preston is a local Edmond real estate agent and reports regularly on the state of the local home market.)
Tickets sell out for annual St. Jude Dream Home By Richard Mize Oklahoman.com Despite the house never being open to the public, the fundraiser was a sellout. All of the 8,000 raffle tickets that were available at $100 each were sold by Aug. 3. The drawing will be at 9 a.m. Thursday on Fox 25. Ticket sales are limited to establish the odds of winning the house and other prizes. "This was the earliest the campaign has sold out and the most we’ve ever raised with the St. Jude Dream Home Giveaway in Oklahoma City!" said Shannon Nadolni, spokeswoman for St. Jude Children's Research Hospital in Memphis, Tennessee, and American Lebanese Syrian Associated Charities. Actor Danny Thomas started the charity organization in 1957 to raise money and awareness for the hospital, which he opened in 1962. The sellout means the project raised $800,000 for the hospital, which works to end childhood cancer and treats children regardless of ability to pay. The survival rate for kids with cancer, 20% when the hospital opened, is 80% now, St. Jude says. St. Jude says all proceeds go to the hospital, which opened as the first fully integrated hospital in the South: "More than just a treatment facility, this would be a research center for the children of the world, regardless of race, religion or financial status," St. Jude says on its web site, https://www.stjude.org/. Shaw Homes, based in Broken Arrow, stepped in to build this year's Oklahoma City Dream Home when the chosen builder backed
Dr. Geoff Sparks, Dr. Justin Power, Dr. Brian Amy, Dr. Ryan Theobald, Dr. Gabe Luttrell and Dr. John Archer.
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out at the last minute. Shaw did so out of goodness, and then, because of the coronavirus, was unable to reap the benefit of having people come through and see its work. The home, 2,500 square feet, three bedrooms, three baths at 8616 Maple Creek Road in Edmond, is valued at $365,000. It is in Woodland Park addition east of Douglas Boulevard, north of Covell Road. When the chance came to build the home, "Our response was 'yes,' before they even told us the details," said Aaron Antis, vice president of sales for Shaw Homes. It was a big disappointment not to have the personal, one-on-one encounters with people that come with daily public tours of the Dream Home, Antis said. But, he said Glenn Shaw, who founded Shaw Homes in 1985, and others believe that it and the hospital will be blessed for their efforts. "Our trust is in God. When you sow, you always reap," Antis said. In addition to the St. Jude Dream Home, Shaw Homes has a model home in the Woodland Park addition, at 3303 Birchwood Creek Circle. Shaw Homes also builds in Fox Lair Estates, northwest of Waterloo Road and N Pennsylvania Avenue; Ridge Creek, west of Douglas Boulevard and north of Coffee Creek Road; Rush Brook, southeast of NW 192 and Western Avenue; Pinnacle, south of SW 29 between Sara and Mustang roads; Twin Silos, northwest of NW 150 and Council Road; and Timber Ridge, north of Memorial Road between Cemetery and Frisco roads.