Neighborhood of the Week: Sequoyah Hills

Sequoyah Hills*

Current On-Market Listings - 36
Average Asking Price: $737,722
Median Asking Price: $556,950
Most Expensive Listing: $2,250,000 (4 BR, 5 1/2 BA, over 5000 sq ft, lake front)
Least Expensive Listing: $274,900 (2BR, 1 BA, approx 1800 sq ft on Southgate)

Current Pending Sales -5
Average Asking Price - $394,460
Median Asking Price - $349,900

Closed Sales - February 2007 - 1
Average Sales Price - $499,900
Median Sales Price - NA
Average Days on Market - 133

Closed Sales - February 2008 - 4
Average Sales Price - $396,506
Median Sales Price - $377,512
Average Days on Market - 122

Interesting that both of the neighborhoods I've looked at so far have had more sales in '08 than '07. I'm curious to see if that trend continues in other neighborhoods as well.

Any suggestions for next week's NOTW?

*Data taken from KAARMLS on 3/17/08 for Sequoyah Hills proper, and does not include adjacent subdivisions, condos or PUDS.