When analyzing whether a home for sale is priced properly or not, there are several factors to evaluate. First, and most obviously, what’s been selling in the neighborhood, and for how much? I’ll use the Seminole Pointe addition of Edmond, located at NW 164th & May as an example:

As you can see here, the overall average price per square foot in Seminole Pointe over the past 90 days has been a little over $90, with the average sales price coming in at just under $138,000.

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