The Village of Oxford, Oakland County, Michigan 48371
Real estate trends, Market reports, Statistics
10/10/2010
Village of Oxford real estate market today:
* Median single family home price as of 10/03/2010 is $220,621
* Market action index is at 15.68, currently a buyer's market (see
chart)
* Average property has been on the market for about 197 days
* The median price per square foot for homes is about $101
* About 205 properties are on the market in Oxford
New listings this week:
* 46 Lafayette St, $1,250 (lease) 3 bedrooms & 1.1 baths
* 10 Lincoln St, $68,000 (government) 3 bedrooms & 2 baths
* 7 Lakeville Ct, $79,000 (short sale) 3 bedrooms & 1 bath
* 115 Dennison St, $80,000 (bank) 3 bedrooms & 1.1 bath
* 1169 W. Davison Lake Rd, $199,900 (private) 4 bedrooms & 3
baths
New reported solds:
* 118 S. Washington St, $575 (lease) 2 bedrooms & 1 bath
* 36 Cottage Ct, $40,000 (short sale) 2 bedrooms & 1 bath
* 46 Broadway St, $113,500 (private) 3 bedrooms & 1.1 baths
* 571 Bay Pointe Dr, $175,000 (bank) 4 bedrooms & 2.1 baths
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!
Let's talk about how to make that dream of living in a small close knit community a reality in the Village of Oxford.
The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a "Seller's Market" (a.k.a. "Hot Market") because demand is high enough to quickly absorb available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a "Buyer's Market" (a.k.a. "Cold Market") where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.
references: altosresearch.com, real estate news, bing
Comments(0)