About Oxford's Red Barn Village

Red Barn Village, Oxford MI Finally Broke the $100K Ceiling- First Time Since Aug 2008!!

For the first time since mid 2008 there was finally a sale over $100,000. On December 29, 2010 there was a closing at 1374 Foreland that closed for $116,500!!!! Great news for sellers and current home owners in Red Barn Village. For buyers? If you're dragging your feet- STOP IT!! Prices are starting to level off and even started creeping up in some areas. On average Oxford sales in 2010 were up from 2009 significantly.

For the most part, prices in Red Barn Village sub are still quite low:

In 2010 there were 10 closings in Red Barn ranging in price from $46,500-$116,500- all foreclosures except for the house that sold for $116,500. 1374 Foreland sold earlier in the year for $52,000 as a bank owned home then re-sold at the end of the year for $116,500.

The second highest sale price in Red Barn in 2010 was $77,600. 4 houses sold in the $70's, 1 in the $60's, 3 in the $50's and 1 in the $40's. As of Jan 10, 2011 there were no active listings in Red Barn sub and 1 sale pending with an asking price of $74,900.

This is a great price point for the person who wants a house but with a reasonable payment (first time home buyer, starting over, retirement, down sizing, etc.). Or a terrific rental prospect. A typical house in this neighborhood, in good condition, would probably rent for around $900 or so per month.

This is also a great opportunity to own a house that had once sold for $150,000 or $160,000 or more and probably have a payment that is less than rent in most places with Lake Orion schools. Most of the homes in Red Barn are 3 bedroom homes, some have only 1 bathroom, but many have 1 1/2 or 2 baths. Unless the house is a tri-level most of the houses have basements.

In 2006 the MLS shows 5 sales ranging from $145,000-$172,000

In 2007 the MLS only shows 2 sales- both bank owned- with sale prices of $113,975 and $116,000.

2008 shows 3 sales of $76,095, $91,755 and $140,000 and 2 leases both for $1100/month

There were 7 sales in 2009- 6 bank owned and 1 short sale. 2 sold in the $50's, 2 in the $60's, 2 in the $80's and 1 in the $90's

Red Barn Village Sub in Oxford Township consists of 123 home sites just south of Drahner Rd, west of M-24. Red Barn is an older sub- houses built in the early to mid sixties, mostly ranches and tri-levels, with Lake Orion schools. The neighborhood also features community well and sewer, good sized yards- fences allowed. Excellent location with easy access to both downtown Oxford and Lake Orion.

Some of the area amenities include:

• Centennial Park in down town Oxford
• Polly Ann Trail
• Seymour Lake Park

If you are considering buying or selling in Red Barn Village please call or email:

Cell: 248-736-6407

Jackie@JackieHawley.com

For Sellers

For Buyers

Homes for Sale in Oxford MI

Home for Sale in Lake Orion MI

Red Barn Village Sub in Oxford Township consists of 123 home sites just south of Drahner Rd, west of M-24. Red Barn is an older sub- houses built in the early to mid sixties, mostly ranches and tri-levels, with Lake Orion schools. The neighborhood also features community well and sewer, good sized yards- fences allowed. Excellent location with easy access to both downtown Oxford and Lake Orion.

Some of the area amenities include:

• Centennial Park in down town Oxford
• Polly Ann Trail
• Seymour Lake Park

2009 was a rough year for Red Barn Village. 7 houses sold ranging from $50,000 to $90,210 (after subtracting seller concessions). 6 or those 7 houses were foreclosures and the other sale was a short sale.

As of October 23 there were 7 closings in Red Barn ranging in price from $46,500-$77,600- all foreclosures.

This is a great price point for the person who wants a house but with a reasonable payment (first time home buyer, starting over, retirement, down sizing, etc.). Or a terrific rental prospect. A typical house in this neighborhood, in good condition, would probably rent for around $900 or so per month.

For a list of current listings in Red Barn Village please call or email:

Cell: 248-736-6407

Jackie@JackieHawley.com