Woodbriar Sub, Oxford MI Home Sales Update

Woodbriar Sub, Oxford MI Home Sales Update

Home sale prices in Woodbriar Sub in Oxford MI seem to have stabilized over the past couple years and may even be shifting upwards. So far this year there have been 4 closed sales in Woodbriar ranging in sale price from $132,950-$183,000.

1. 1141 Woodbriar 3 bedroom 3 1/2 baths bank owned $132,950 sold for $276K in 2006
2. 444 Pine Valley 4 bedroom 2 bath bank owned $169,750 sold for $206,380 in 1999
3. 1208 Poppy Hill 3 bedroom 3 1/2 baths "normal sale" $179,000 sold for $261,478 in 2001
4. 445 Glen Eagles Ct 4 bedroom 2 full 2 half baths "normal sale" $183,000 sold for $262,975 in 2001

There is currently 1 listing in Woodbriar pending with an asking price of $159,900 and no homes actively for sale at this time.

Homes in Woodbriar Sub don't sit around on the market long if priced properly, with an average time on the market of less than 9 days (2011 sales). I calculate days on the market from time a listing hits it's final asking price until pending/ccs. Overpriced homes aren't really "on the market"- they're just active listings. 3 of the homes sold within 3% of asking price, 1 home sold within 4% of asking price and 1 home sold for 1/2% over asking price.

So far in 2011:

• 4 closed sales
• 2 bank owned
• 0 short sales
• 2 "normal" sales
• Median sale price: $174,375
• Average sale price: $166,168

Home sales in 2010:

• 11 closed sales
• 4 bank owned
• 3 short sales
• 4 "normal" sales
• Median sale price: $159,500
• Average sale price: $151,057

Home sales in 2009

• 7 closed sales
• 0 bank owned
• 2 short sales
• 5 "normal" sales
• Median sale price: $147,250
• Average sale price: $161,807

We're still a long way from the average sales price of $233,300 that Woodbriar sold for in 2004 but so far in 2011 both average and median sales prices are above both 2010 and 2009.

For More About What Woodbriar, Oxford MI Has to Offer

Oxford MI Homes for Sale

Do You Really Want to Buy a Fixer

What Happens if the Appraisal is Low?

 How NOT to Buy a House

The Perfect House- Doe it Exist?

Jackie Hawley
Keller Williams Realty
Jackie@JackieHawley.com
www.MiRelocation.com
cell: 248-736-6407