Oxford real estate, houses and land for sale in Oxford MI
Oxford Township, Oxford, Village of Oxford
12/06/2011
Homes sold this week:
102 East St, $31,000 - bank owned - 55 days on market (dom)
84 Pontiac St, $99,900 - short sale - 180 dom - 1822 sq.ft
Homes for sale this week:
22 Broadway St, $35,000 - short sale - 1676 sq.ft
63 E. Burdick St, $99,500 - private owned - 1757 sq.ft
Summary:
There are about 165 properties on the market in Oxford - down 4%
The median family home as of 12/04/2011 is $250,581 - no change
With a market action index of 15.79, Oxford is still in a buyers market
The average property has been on the market for about 187 days - up 2%
The median price per square foot for homes is about $107 - up 1%
What do these statistics mean?
* To sellers, total properties on the market down 4% and price per square foot up 1%, I think home sellers can be cautiously optimistic about selling their Oxford MI home at a fair price.
* To buyers, with Oxford still being in a buyers market and no change in the median home price and days on market up 2%, add in today's low interest rate and you find this is an excellent market for buying a home in or around Oxford with terms favorable to you.
For more detailed information or questions on selling / buying in and around Oxford MI, contact us direct at 1-248-969-8065 or dhorne@cbshooltz.net TODAY!
SELLER SERVICES ~ BUYER SERVICES
Donald Horne, Realtor, Team Success
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