Why are litings in Enid, OK so overpiced? These sellers seem a bit delusional.

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June 03 2011 - Enid
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Profile picture for ConnieK_Oklahoma

I must qualify my answer first...I don't cover Enid, it's just too far.  but you see a little of the same dynamic in Midwest City- I would lean toward  saying that having Vance AFB right there means it's a great place to be a landlord so property prices are higher.   Norman, and Stillwater have the same dynamic too...home prices there seem are a bit silly at times with older re-sale homes when you can drive a few miles down the road to moore and get more house for less money- but they sell so as long as there is someone willing to pay and someone willing to loan on those prices, the sellers will get them. 

Edmond is a whole other thing- sure there are a couple of colleges there but it just keeps it's value up because it's Edmond.  In the older and smaller homes the prices are starting to look a little more normal these days but those executive homes are still out of sync with non Edmond homes.  -again...there's people still lined up to buy them so as long as there's someone willing to pay and a bank willing to make the note....they'll sell.

the whole traffic thing explained by Dan has a lot of merit for Edmond.   For Enid...the AFB and the fact that it's the biggest town for MILES probably has a lot to do with it.

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June 14 2011
Profile picture for sunnyview
I loved reading your post about Edmond. It is so nice to hear about communities from the people that live in them. They are some of my favorite posts to read on Zillow :)
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June 03 2011
Profile picture for Dan P.
hmm for some reason i thought the original message said edmond, not enid.  Sorry
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June 03 2011
Profile picture for Dan P.
I think it's the location.  Best commute to OKC and best public school system.

Mustang/Yukon dwellers will likely find themselves looking at the sun on a morning commute to OKC.

Traffic is horrible between Moore and OKC.

Guthrie is a bit far but I35 north of OKC is much better than south to Moore.

Choctaw is even smaller, but slightly shorter distance commute than Guthrie.  I have not traveled from there during 1st shift traffic to know if it actually saves any time.
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June 03 2011
 

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