Oxford, MI Real Estate News

By Donald Horne, Team Success Listing LLC
The Village of Oxford, Oakland County Michigan, 4837107/15/2010 As of 07/11/2010, the median single family home price for Oxford is $223,077.00 / The market action index is at 16.50, which means Oxford is currently a buyer's market / Average property has been on the market for about 260 days / Median price per square foot* for homes in Oxford as of 07/11/2010 is about $103.00 / There are about 189 properties on the market. *Price per Square Foot is a measure of value. Think of this stat as answering the question - "How much house am I getting for my money?"This is particularly important if you are analyzing a market with a diverse mix of homes. For example, one 3-bedroom home (or Condo...) could be 1800 square feet and another in the same neighborhood could be 2200 square feet. If they ...
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Oakland County, Michigan 4837107/02/2010 This weeks reported solds:278 Oxford Lake Dr, $133,000 / 4 bedrooms & 2.5 baths68 Pontiac St, $118,000 / 3 bedrooms & 1.5 baths / 1534 sq.ft63 Great Pines Dr, $180,000 / 4 bedrooms & 2.5 baths419 Sunset Blvd, $227,500 / 4 bedrooms & 2.5 baths / 2982 sq.ft No new listings reported: The median single family home price as of 06/27/2010 for Oxford is $221,546. With a Market Action Index (MAI) at 15.84, Oxford is currently a buyer's market (the market action index illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory, a value greater than 30 typically indicates a seller's market because demand is high enough to quickly absorb available supply, a seller...
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Oakland County, Michigan 4837106/20/2010 1 new listing this week:   118 S. Washington St, $400 (lease) / 1 bedroom & 1 bath 2 solds reported this week:   156 Jordyn Way, $90,000 / 3 bedrooms & 2.5 baths   560 Thornehill Trl, $128,000 / 3 bedrooms & 2.5 baths As of 06/16/2010 the average listed sales price in Oxford is $326,762 which is an increase of 4.3%. 382 homes for sale with 198 being foreclosures. Average price per square foot for Oxford was $77, a decrease of 1.3% compared to the same period last year. The median sales price for homes in Oxford was $138,500 based on 67 home sales. Compared to the same period one year ago, the sales price increased 1.1%, and the number of home sales decreased 9.5%. To find out the value of your home or property / questions a...
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Oakland County, Michigan 4837106/12/2010   New listings on the market this summer week:   224 Oxford Lake Dr, $120,000 / 4 bedrooms-2.5 baths / 2244 sq.ft   670 Lakes Edge Dr, $335,000 / 3 bedrooms-4.5 baths / 3050 sq.ft New solds reported this week:    46 Broadway St, $81,400 / 3 bedrooms-1 bath / 1267 sq.ft Pending Home Sales Surge Continuing (U.S.) Pending home sales have risen for 3 consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator, rose 6.0% on contracts signed in April. Pending home sales are at the highest level since last October when the first-time buyers were rushing to bea...
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Oakland County, Michigan 4837106/05/2010   The median sales price continues to rise as overall inventory levels decline and non-foreclosure sales outpace foreclosure sales. New listings on market are down 25.4%, total active listings are at 179, solds year to year are up 23.8%, median sales price is up to $137,500 which is an increase of 1%.   New listings on the market:   14 Lakeville Ct, $925 (lease) / 2 bedrooms & 1 bath / 1100 sq.ft   224 Oxford Lake Dr, $120,000 / 4 bedrooms & 2.5 baths / 2244 sq.ft No solds reported this week: To find out the value of your home or property, please contact me direct at 248-969-8065 or dhorne@cbshooltz.net
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Oakland County, Michigan 4837105/29/2010   Listings on the market this week:    443 Sunset Blvd, $1,950 (lease) / 5 bedrooms / 3 baths / 3,300 sq.ft   575 Thornehill Trl, $199,000 / 3 bedrooms / 2.5 baths / 2,445 sq.ft Reported solds this week:   42 Pontiac St, $1,095 (lease) / 3 bedrooms / 1.5 baths / 1,300 sq.ft   41 Spring Lake, $1,800 (lease) / 4 bedrooms / 2.5 baths / 2,819 sq.ft   29 Pearl St, $33,000 / 3 bedrooms / 1 bath / 1,230 sq.ft   114 W. Dennison St, $118,000 / 3 bedrooms / 1.5 baths / 1.400 sq.ft   15 Oakwood Dr, $135,000 / 3 bedrooms / 2.5 baths / 1,745 sq.ft   440 Lakes Edge Dr, $169,900 / 3 bedrooms / 2.5 baths / 1,534 sq.ft Median sales price continues to rise as overall inventory levels decline, and non-foreclosure sales outpace foreclosure sal...
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By Jackie Hawley, Southeast Michigan Real Estate
(Coldwell Banker Professionals)
Woodbriar Subdivision, Oxford Michigan is a 156 home subdivision in Oxford Michigan, south off Drahner Rd and west of M-24. The houses in Woodbriar Sub were built mostly in the late 90's-early 2000's (roughly 1998 - 2002). Woodbriar is made up primarily of colonials; part of the sub has Oxford Schools; part of the sub has Lake Orion schools. Other subdivision amenities include: 3 small parks community well public sewer sidewalks large yards A short distance south of Woodbriar sub you can pick up I-75 and about 20 minutes north you hit I-69. Nearby are parks, tennis courts, ball diamonds, soccer fields, Centennial Park in downtown Oxford, shopping, golf... If you couldn't afford a newer house in the Oxford Michigan area a few years ago, now is a good time to check out Woodbriar. The hous...
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Oakland County, Michigan 4837105/16/2010 New Realcomp figures for our area (48371) were posted on 05/10/2010. Analysis shows on-market inventories continue to decline in most areas, non-foreclosure sales outpaced foreclosure sales. New listings year to date down 25.4%, total active listings are at 179, solds are up 23.8%, median sales price is up 1% to $137,500.00... 2 new listings this week:   70 Pearl St, 3 bedrooms / 2 baths / 1264 sq.ft / $123,900   571 Bay Pointe Dr, 4 bedrooms / 2.5 baths / 3174 sq.ft / $192,900 1 reported sold:   72 Dennison St, 3 bedrooms / 1 bath / 1177 sq.ft / $875 (lease)
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By Donald Horne, Team Success Listing LLC
A changing of the guard concerning Oxford / Orion FISH is due to take place at the end of this month. Valarie Cass, who's been the nonprofit group's pantry coordinator for the last 6 years, is stepping down and handing the job over to Sandy Klersy and Kelly Fuller. Although Cass plans to continue doing volunteer work for the group, she decided it was time to pass the torch when it came to managing and operating the food pantry in Thomas, a tiny unincorporated area of Oxford Twp, located north of the village and west of M-24. Klersy's involvement with FISH began about 3 years ago when she was living in Lake Orion. She and her home-schooled daughter were looking for a volunteer opportunity. She and her daughter saw an item in the newspaper about FISH and started bagging groceries for clie...
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Oakland County, Michigan 4837105/08/2010   New listings this week are:    46 Broadway St, 3 bedrooms & 1 bath / 1267 sq.ft / $84,900 New solds reported this week are:   665 Thornehill Trl, 4 bedrooms & 2.5 baths / $135,500   867 Bay Pointe Dr, 4 bedrooms & 3 baths / $255,000   Median sales price continues to rise as overall inventory levels decline, inventory levels move more in line with overall demand. Through March, solds are down 9.7%, median sales price is up to $173,450 from $136,900 in February.
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Michigan 4837105/02/2010   New listings for the week:   7 Lakeville Ct, 3 bedrooms / 1 bath / 1250 sq.ft $89,000   419 Sunset Blvd, 4 bedrooms / 2.5 baths / $234,900 Reported solds this week:   5 Willow St, 3 bedrooms / 1.5 baths / 1291 sq.ft $122,000   769 Woodleigh Way, 3 bedrooms / 2.5 baths / $140,000   259 Oxford Lake Dr, 3 bedrooms / 2.5 baths / 1682 sq.ft $139,900 Median sales price continues to rise as overall inventory levels decline, inventory levels move more in line with overall demand. First time home buyer tax credit/extension continued to fuel sales. Oakland County, through February, is up 24.7%, Lapeer County is down 1.6% for the same time period.        
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By Donald Horne, Team Success Listing LLC
The Village of Oxford Michigan, 4837104/25/2010   6 new listings and 1 new reported sold New listings:   122 S. Washington St, $785 lease   42 Pontiac St, $1095 lease   41 Spring Lake, $1800 lease   73 Pleasant St, $60,000 1691 sq.ft   67 E. Burdick St, $74,900 2141 sq.ft   525 Lakes Edge Dr, $144,900 1734 sq.ft New sold:   10 N. Washington St, $785,000 7250 sq.ft The market is moving up! New listings in our area as of March 31st is down 1.4%, total active listings are at 182, unfortunately, solds are down 9.7%, but the average selling price is up to $173,450 from $136,900 in 2009! Did you know, residential districts of the community range from newly-built homes and condos to older homes which have historical character or significance.
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Michigan 4837104/16/2010 4 new listings this week with no reported solds, plus the new Realcomp sales summary is out. New listings are down 1.4%, total active listings are 182, sold listings are down 9.7%, median sales price is at $173,450.00 which is up 21%. These figures are for the month of March. The new listings are:   27 Lincoln St, 2 bedrooms & 2 baths, 829 sq.ft, priced at $89,900   28 W. Burdick St, 4 bedrooms & 2 baths, 2850 sq.ft, priced $200,000   518 Bay Point Dr, 3 bedrooms & 2.5 baths, 2633 sq.ft, priced at $238,000   33 Spring Lake Dr, 3 bedrooms & 2.5 baths, 2204 sq.ft, priced $249,900 Did you know? That you can stop by the Oxford Village Offices and say hello, and pick up a current calendar of events.
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By Donald Horne, Team Success Listing LLC
Busy week with 4 new solds and 11 new listings. The solds this week are 83 Dennison St, 3 bedrooms & 2 baths for $1,250.00 lease / 499 Sunset Blvd, 4 bedrooms & 3.5 baths for $2,000.00 lease / 7 Crawford St, 4 bedrooms & 2 baths for $40,000.00 / 33 Pontiac St, 2 bedrooms & 1.5 bath for $96,000.00 short sale.  New listings are at 41 Pearl St, 2 bedrooms & 1 bath with 918 sq.ft for $725.00 lease / 39 Pearl St, 2 bedrooms & 1 bath with 918 sq.ft for $775.00 lease / 22 Davison St, 2 bedrooms & 1 bath with 1164 sq.ft for $36,000.00 bank owned / 278 Oxford Lake Dr, 4 bedrooms & 2.5 baths with 1969 sq.ft for $120,000.00 bank owned / 68 Pontiac St, 3 bedrooms & 1.5 baths with 1534 sq.ft for $124,900.00 / 480 Lakes Edge Dr, 3 bedrooms & 2 baths with 1731 sq.ft for $129,900.00 / 769 Woodleigh Way...
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Michigan 4837103/30/2010   No sales this week but we do have 3 new listings to report. The 1st listing is on 560 Thornehill Trl., 3 bedrooms and 2.5 baths, 1700 sq.ft, unfinished basement and appliances, priced at $138,900. 63 Great Pines Dr., 4 bedrooms and 2.5 baths, 2487 sq.ft with basement and no appliances, short sale at $199,900. The 3rd new listing is on 575 Thornehill Trl., priced at $209,900 with 3 bedrooms and 2.5 baths, 2445 sq.ft, finished walkout basement, appliances. As reported last week, new listings are down 34.4%, sold listings up 72.7% but the median sales price is down to $134,000. 1st time home buyer continues to fuel sales and inventories continue to decline. Did you know, downtown Oxford is also host to many wonderful events and festivals su...
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Michigan 4837103/20/2010 1 new sold and 4 new listings this week: * 606 Bay Pointe Dr. / $350,000 / 192 days on market / 4 bedrooms & 4.5 baths / 3471 sq.ft * 122 S. Washington St. / $785.00 lease* 30 Powell St. / $95,900 / 1378 sq.ft* 15 Oakwood Dr. / $159,900 / 1745 sq.ft* 475 Lakes Edge Dr. / $169,900 / 2131 sq.ft New figures in this week show our area (48371) as new listings down 34.4%, total active listings 182, sold listings up 72.7%, and median sales price down 50% to $134,000 / Realcomp reports the $8,000 first-time home buyer tax credit through 04/30/2010 continues to fuel sales, on-market inventories continue to decline. Did you know, in 2006 and 2007, Oxford became a Oakland County main street community.
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Michigan 4837103/13/2010   2 new listings, but no reported sales this week: * 72 Dennison St. / 3 bedrooms & 1 bath / 1177 sq.ft / $1,000 lease* 39 Pearl St. / 4 bedrooms & 2 baths / 1837 sq.ft / $129,900 multi-family   New Figures From Realcomp: show our area (48371) as new listings down 34.4%, total active listings 184, sold listings down 18.7%, and median sales price down 11% to $134,100. Reasons? $8,000 first-time buyer tax credit/extension continues to fuel sales, on-market inventories continue to decline. Did you know, the downtown offers an array of unique shops, restaurants, a 7-screen movie theater, and business services.
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By Jackie Hawley, Southeast Michigan Real Estate
(Coldwell Banker Professionals)
Real estate sales for Oxford Michigan still favor the buyer and will for the unforeseeable future. Unit sales were up over 12% (or 31 units) in 2009 over 2008, but prices continued to drop. The median sales price for a house in Oxford last year was $140,000- down 25% from 2008 and down 44.2% from 2005 (or $111,000). Of the 247 houses that sold through the MLS, 116 were bank or government-owned and 28 were short sales for a total of 144 distressed sales (or 41.7% of the sales in Oxford were distress sales). Have prices hit bottom? I don't think so. Will interest rates stay this low? Who knows? Right now prices are pre-2000 prices, interest rates are low, Oxford still qualifies for the zero down rural development loan, and you have to live someplace. Right now a house payment may be lower...
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Michigan 4837103/03/2010 3 new listings, but no reported sales this week:* 665 Thornehill Trl. / 4 bedrooms & 2.5 baths / 2099 sq.ft /    $129,900* 15 Oakwood Dr. / 3 bedrooms & 2.5 baths / 1745 sq.ft /    $159,900* 73 E. Burdick St. / 3 bedrooms & 2 baths / 1775 sq.ft /    $189,000 New figures from Realcomp show our area (48371) as new listings down 34.4%, total active listings 184, sold listings down 18.7%, and median sales price down 11% to $134,100. Reasons? $8,000 first-time buyer tax credit/extension continues to fuel sales, on-market inventories continue to decline. Did you know, topnotch schools and a new, state-of-the-art public library attests to the modern status of this area.    
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By Donald Horne, Team Success Listing LLC
The Village of Oxford, Michigan 4837102/20/2010 We have 2 new listings this week:36 Cottage Ct. / 2 bedrooms & 1 bath / 761 sq.ft / $64,00000 Washington Ave. / commercial / 1950 sq.ft / $79,900 Solds reported this week:86 Dennison St. / 4 bedrooms & 2.5 baths / 2564 sq.ft / $75,560 New figures from Realcomp (January) show our area (48371) as new listings down 34.4%, total active listings 184, sold listings down 18.7%, and median sales price down 11% to $134,100.00Reasons? $8,000 first-time home buyer tax credit/extension continues to fuel sales, on-market inventories continue to decline.   Did you know, for over 130 years Oxford has been developing character, the village maintains a small town look even with the addition of modern amenities.  
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