The Village of Oxford, Oakland County, Michigan 48371
Real Estate Trends, Market Reports, Statistics
09/10/2010
10 new listings this week:
* 63 E. Burdick, $475 (lease), 1 bedroom & 1 bath
* 39 Pearl St, $630 (lease), 2 bedrooms & 1 bath
* 41 Pearl St, $685 (lease), 2 bedrooms & 1 bath
* 63 E. Burdick, $850 (lease), 3 bedrooms & 1 bath
* 0 S. Washington St, $68,000 (private), commercial
* 27 Lincoln St, $69,900 (short sale), 3 bedrooms & 2 baths
* 6 Moyer St, $81,000 (private), 4 bedrooms & 2.1 baths
* 51 W. Burdick St, $92,900 (bank), 4 bedrooms & 2 baths
* 30 Powell St, $95,900 (bank), 3 bedrooms & 1 bath
* 39 Pearl St, $98,900 (private), 4 bedrooms & 2 baths
Oxford real estate market today:
* Median single family home price is $224,940, down 1%
* Market action index as of 09/05/10 is at 16.67, a buyer's
market
* Average property has been on the market for about 215
days, down 5% (see chart)
* The median price per square foot for homes is about $103
* About 199 properties are on the market in Oxford, up 2%
Simply put, "Days-on-Market" tells you how long the active properties currently for sale, in aggregate, have been on the market (a.k.a. "time on market"). Said otherwise- "of the active listings currently available for sale - how long have they been for sale?"
Oxford, was originally named after its township which was given its name by Otis Thompson, since nearly all the settlers had ox teams and probably would hold on to them for some years to come. A population near 3000, once known as the "Gravel Pit Capital of The World", now most of the pits have turned into lakes and provide many recreational activities.
If living in a small town appeals to you, let's talk about how to make that dream a reality in the Village of Oxford, a close knit community where people know each other.
To find out the value of your home or property, questions about real estate or mortgages, contact me direct at 800-628-7356 x 8065 or dhorne@cbshooltz.net TODAY.
references: real estate news, altosresearch.com
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