The Village of Oxford, Real Estate Trends, Market Report, Statistics

By
Real Estate Agent with Coldwell Banker-Shooltz Realty

forecastThe Village of Oxford, Oakland County, Michigan 48371
Real Estate Trends, Market Reports, Statistics

Listings reported this week:
* 7 Hovey St, $79,900 / 7 bedrooms & 3 baths / 2327 sq.ft
* 510 Bay Pointe Dr, $245,000 / 4 bedrooms & 3.1 baths / 3013 sq.ft
* 55 Mill, $169,900 (commercial) / 6192 sq.ft
* 142 S. Washington St, $279,900 (commercial) / 1578 sq.ft

1 sold reported:
* 5 Mechanic St, $250,000 (commercial) / 4101 sq.ft

Oxford real estate market today (08/08/10)
* Single family home price is $227,360
* With a market action index at 16.98, Oxford is currently a buyer's market
* The average property has been on the market for about 233 days, down about 3%
* Price per square foot is about $104 (see chart)
* As of August 08, there are about 193 properties on the market in Oxford, up about 2%

graph

When examining the Price per Square Foot stat in a market area - a city or zip code - it's very helpful to know "how much house you're getting for your dollar." That's why we calculate Price per Square foot.

Oxford, was originally named after its township which was given its name by Otis Thompson, since nearly all the settlers had ox teams and probably would hold on to them for some years to come. A population near 3000, once known as the "Gravel Pit Capital of The World", now most of the pits have turned into lakes and provide many recreational activities.

If living in a small town appeals to you, let's talk about how to make that dream a reality in the Village of Oxford, a close knit community where people know each other. To find out the value of your home or property, questions about real estate or mortgages, please contact me direct at 800-628-7356 x 8065 or dhorne@cbshooltz.net
references: bing, altorsresearch.com

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Donald Horne

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