In 2011, 36 homes were sold in Florence Park – and as shown in the corresponding absorption study, that is 3 homes selling per month. Four homes are currently pending and there are 20 active listings.
With 3+ homes selling per month and only 20 active homes for sale, this represents a 6.5 month supply of inventory which reflects a balanced market (neither a buyer’s market or a seller’s market).
The highest priced home sold in Florence Park in 2011 went for $290,000, and the highest price per square foot was $147 – and it sold in two days on market.
Florence Park boundaries are 15th Street to the north; the BA Expressway to the west; Harvard to the east; and 21st Street to the south. It’s a few blocks south of the University of Tulsa and within a mile of Utica Square.
Within Florence Park are two actual parks: Florence Park and Pratt Park. They have an active neighborhood association with volunteer dues.
Homes in Florence Park are a good investment in midtown Tulsa real estate, and based on this data, it was a good year to buy or sell in Florence Park!