^

And there are still tons of smaller, older and affordable homes all around that area.

I suspect we'll continue to see more infill as downtown Edmond is one of the most desirable urban areas in the state. There are not many places in Oklahoma where you can step out your front door and walk over to a bunch of eating and shopping establishments.

Just look at what has happened south of Classen Curve. Tons of new two-on-a-lot homes selling north of $800K. And now townhouses at more than a million are going up on Grand. Bunch of small lot homes next to the Western Avenue District, 10 Penn as well as SoSA, of course.

With OAK starting, two new houses in my humble 'hood were built on a tear-down lot and both of them sold almost the day they hit the market.

People are busy and don't have the patience, desire, or know-how to deal with remodeling projects. Many are willing to pay a big premium for something already finished, even if that means a small lot and high $/SF. Just look at Wheeler.