Sunset Terrace Market Report May 14, 2013
As of today in Sunset Terrace, there are nine active listings under 4,000 square feet (two over 6,000 square feet); six properties pending and 15 closed in the past six months. The sizes of homes in the midtown subdivision are so varied – from 1565 square feet to 6,000+ square feet.
In this market report, we are only considering homes between 2,000 to 4,000 square feet. In this range, there are eight active properties, five pending and eight closed.
The active properties vary in price from $325,000 to $675,000 with an average list price of $456,975.
The closed properties range in price from $262,000 to $719,000 with an average sales price of $434,562. Average cumulative days on market are 310 with only one property selling during its first listing period.
Sunset Terrace Market Report May 14, 2013
The pending properties, however, are showing that activity is increasing with homes going under contract in as little as two weeks, two between 136-140 days and one slightly over one year.
Sunset Terrace is nestled in midtown just south of Maple Ridge – between 21st and 31st Street, between Riverside and Peoria. Within walking distance is Woodward Park, Philbrook Art Museum, Tulsa’s Riverparks, Congregation B’nai Emunah, Swan Lake, and Veteran’s Park. Also close by are the popular dining and entertainment areas known as Utica Square, Brookside and Cherry Street.
Do call if you are interested in buying or selling a home in Sunset Terrace or midtown Tulsa today! 918-852-5036.
Content written and published by Lori Cain.
