Oxford, MI Real Estate News

By Donald Horne, Team Success Listing LLC
Village of Oxford, Michigan 48371   * 1 new listing this week at 403 Sunset Blvd.    4 bedrooms / 2.5 baths / 3829 sq.ft / private   owned at $244,900.00      Reported solds this week:* 2 S. Glaspie St. / $34,000 with 1092 sq.ft* 141 East St. / $46,640 with 1139 sq.ft   The Latest figures from Realcomp show our area (48371) as new listings down 23.8%, total active listings at 196, sold listings up 13.6%, and median sales price down 28% to $139,000.00 $8,000 first time home buyer tax credit/extension continues to help fuel sales, available homes priced to sell, decreased inventory fueling sales, foreclosed properties selling at faster pace. Did you know? The Village of Oxford is located just 9 miles north of The Palace of Auburn Hills.
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By Donald Horne, Team Success Listing LLC
Village of Oxford, Michigan 48371   3 new listings this week:26 Center St. / 2 bedroom-1 bath / 875 sq.ft / basement / appliances / $79,000156 Jordyn Way / 3 bedroom-2.5 bath / 1561 sq.ft / basement / $124,90014 Lakeville Ct. / 2 bedroom-1 bath / 1100 sq.ft / appliances / basement / $133,900 Reported solds this week:30 Powell St. / $650 (lease)805 Woodleigh Way / $152,000 with 3473 sq.ft700 Lakes Edge Dr. / $329,000 with 4934 sq.ft The latest figures from Realcomp show our area as new listings down 23.8%, total active listings 196, sold listings up 13.6%, and median sales price down 28% to $139,000.$8,000 first time home buyer tax credit/extension continues to help fuel sales, available homes priced to sell, decreased inventory fueling sales, foreclosed properties selling at faster pace...
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By Donald Horne, Team Success Listing LLC
Village of Oxford, Michigan 48371 1 new listing this week, 86 Dennison St, 4 bedrooms / 2.5 baths / 2564 sq.ft / bank owned at $69,900.00 No reported solds this week. The latest figures from Realcomp show our area (48371) as new listings down 23.8%, total active listings 196, sold listings up 13.6%, and median sales price down 28% to $139,000.00$8,000 first time home buyer tax credit/extension continues to help fuel sales, available homes priced to sell, decreased inventory fueling sales, foreclosed properties selling at faster pace. Did you know, M24 which bisects Oxford, is an important north-south corridor providing direct access to I-69 linking Flint and Port Huron?
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By Donald Horne, Team Success Listing LLC
Village of Oxford, Michigan 48371 No new homes or listings on the market this week. Reported solds this week: 230 Oxford Lake Rd. closed for $104,900 with 1,550 sq.ft ($67.68 per sq.ft)150 Jordyn Way closed for $139,000 with 1,350 sq.ft ($102.96 per sq.ft)416 Sunset Blvd. closed for $253,000 with 3,076 sq.ft ($82.25 per sq.ft) The latest figures from Realcomp show our area (48371) as new listings down 34.04%, total active listings 207, sold listings up22.22%, and median sales price up 1% to $146,000. Did you know, the Village of Oxford is 1 square mile within the Township of Oxford and includes the Central Business District?
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By Donald Horne, Team Success Listing LLC
Only 1 new home on the market this week, 53 Dennison St., available for lease at $1,300 per month. Advertised at 2,235 sq.ft with 3 bedrooms and 2.5 bathrooms, finished basement and 82 x 137 size lot. Reported solds this week:22 Lincoln St. closed for $50,100 with 952 sq.ft ($52.62 per sq.ft)29 1st. St. closed for $45,000 with 1,677 sq.ft ($26.83 per sq.ft)748 Woodleigh Way closed for $77,900 with 2,054 sq.ft ($37.92 per sq.ft) The latest figures from Realcomp show our area (48371) as new listings down 34.04%, total active listings 207, sold listings up22.22% and median sales price up 1% to $146,000. Did you know, the Village of Oxford is the sister city to Oxford, England, established 912?  
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By Donald Horne, Team Success Listing LLC
So, you were looking for little known facts about Oxford Michigan? Then here you go. Oxford is 41 miles northwest of Detroit, Michigan, and emanates a small-town feeling. The village center consists of shops, restaurants, and taverns stretching for 2 blocks. Local happenings such as athletic events, downtown fairs, scarecrow competitions, school plays, and concerts garner a large turnout throughout the year and are reported in the weekly newspaper of record since 1898, The Oxford Leader. The area's public high school, Oxford High School, was newly expanded in 2003-2004 and now holds the title of the largest single-floor high school in the state of Michigan. As of the census of 2000, there were 3540 people, 1402 households, and 918 families residing in the village. The racial makeup of t...
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By Jackie Hawley, Southeast Michigan Real Estate
(Coldwell Banker Professionals)
This is an excellent time to buy in Oxford, Michigan. The hugely large and fast appreciation of the 90's had to come to an end sometime. Prices have dropped over the past few years, but like the good times, this deflation in prices will be coming to an end, too. Since real estate is cyclical (feel a bit like the 80's except without the double digit interest rates?) the escalation of home prices will start to rise again. Making today's home purchase a great investment if you're willing to stay put until the good times come back.Real estate is cyclic and right now we are on the down swing. In Oxford, MI, for example, the average sales price in 2007 was 12.3% lower than the average sales price in 2005. BUT, the average sales price in 2007 was still more than 10.4% more than in 2000. Below ...
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By Robin Cutler and Kay Pearson, Clarkston, Michigan Real Estate
(Real Estate One)
Real Estate Communities we review on a monthly basis are: Brandon, Clarkston, Waterford, Lake Orion, Oxford, Grand Blanc, and Holly. Absorption Rate Reports can be viewed at "The Pearson Group Website"Absorption Rate is a method we use to determine the supply and demand for housing.We determine the number of listings on the market within particular price brackets.  We then view how many houses have sold or pended in the past three months and calculate the average per month.  The number of active listings is then divided by the average sales per month to identify how many months inventory is available. Sellers Market - Less than 6 Months InventoryBuyers Market - More than 6 Months InventoryBalanced Market - 6 Months InventoryAll information included in the following graph is generated fr...
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