Florence Park Midtown Tulsa Market Report Nov 2012
There are 21 active listings in Florence Park ranging in price from $114,900 to $329,500 – with the average price of $196,771. Homes in Florence Park really do range widely in square footage. The smallest one on the market is 1240 square feet and the largest is 3108.
Six properties are under contract with an average list price of $206,883 and average days on market of 55. We won’t know what they sold for until they actually close.
Since the beginning of the year, 53 properties have successfully closed in Florence Park. There were some bank-owned properties in the mix that are reflected in this data. The home that sold for the low amount was a 900 square foot property that sold for $60,000 and the home that sold for the highest amount of $333,750 was a 2400 square foot home with three bathrooms. Some of the nice properties sold for $120-$142 per square foot with the average sales price per square foot of $115.
This market report is as of November 8, 2012, so in addition to the six pending properties, we still have almost two months before year end. A quick absorption rate analysis of homes sold in Florence Park tell us that five to six homes sell each month. With 21 active listings, this represents a four month supply or inventory.
The majority of homes in Florence park were built in the 1920s and 1930s. Lot sizes are 50-feet wide by 130-feet in length. At that time, most homes were built with two bedrooms and one bath – probably a 1-car garage. As we have improved and expanded our homes, several properties in Florence Park now offer more bedrooms and bathrooms.
Within Florence Park are two actual parks: Pratt Park and Florence Park, where you’ll find tennis courts, picnic benches, playground facilities and water features. Florence Park of midtown Tulsa has a very active neighborhood association.
Within close proximity to Florence Park is Utica Square Shopping Centre, St. John’s Hospital, Tulsa University and Cherry Street dining and shopping.
View Florence Park Midtown Tulsa in a larger map
Boundaries of Florence Park are 15th Street to the north, 21st Street to the south, Harvard to the east and the Broken Arrow Expressway to the west.
If you’d like to shop for homes for sale in Florence Park, start here. Or do call me if I can set up a custom search for you! 918-852-5036
Content published by Lori Cain.