Oxford Lake, Oxford MI Home Sales Update

Oxford Lake, Oxford MI Home Sales Update

Home sale pricesin Oxford Lakes Sub in Oxford MI are still pretty much in the crapper. Sales so far this year range from $111,550-$149,900 for off the water houses, and 2 houses on Oxford Lakesold for $173,000 and $381,000. That $381K sale is the only sale so far this year over $200,000. There are 2 sales pending - both short sales- with asking prices of $112,000 and $225,000. There is one rental listing pending at an asking price of $2400/month. There is currently 1 home listed for lease at $1800/month and 2 active listings for sale- a bank owned home asking $142,900 and a "normal" listing asking $214,500.

In 2005 only 4 of the 28 off the water houses that sold, sold for less than $200,000. 6 of those 28 sold in the $300's and both lakefront sales were in the high $300's. Who would have thought you could ever buy a house in the same neighborhood for under a hundred and a quarter or a lakefront house for under $200,000.

So far in 2011:

• 6 closed off the water sales
• 5 bank owned
• 1 short sales
• 0 "normal" sales
• Median sale price: $135,164
• Average sale price: $132,136
• 2 lakefront homes (on Oxford Lake) a bank owned for $173,000 and a "normal" sale for $381,000

Home sales in 2010:

• 17 closed off the water sales
• 9 bank owned
• 1 short sales
• 7 "normal" sales
• Median sale price: $152,000
• Average sale price: $156,458
• 6 lakefront homes (on Oxford Lake) 1 bank owned, 4 short sales and 1 "normal" sale
• Lakefront home sales ranged from $135,000-$350,000

Home sales in 2009

• 15 closed off the water sales
• 7 bank owned
• 0 short sales
• 8 "normal" sales
• Median sale price: $140,550
• Average sale price: $145,020
• 3 lakefront homes (on Oxford Lake)- 1 short sale and 2 "regular" sales
• Lakefront home sales prices were $242,000, $300,000 and $400,000

Oxford Lakes still offers the same amenities as it did in it's hey day- The 6 acre park with the tennis courts, volleyball court, beach and private boat launch, picnic tables, grills, and more. The same 2 acre little kids park, community water, sewer, sidewalks...

For More About What Oxford Lakes, Oxford MI Has to Offer

Oxford MI Homes for Sale

Do You Really Want to Buy a Fixer

What Happens if the Appraisal is Low?

How NOT to Buy a House

The Perfect House- Doe it Exist?

Jackie Hawley
Keller Williams Realty
Jackie@JackieHawley.com
www.MiRelocation.com
cell: 248-736-6407