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Woodbriar Sub, Oxford MI Home Sales Update
Home sale prices in Woodbriar Sub in Oxford MI seem to have stabilized over the past couple years and may even be shifting upwards. So far this year there have been 4 closed sales in Woodbriar ranging in sale price from $132,950-$183,000.
There is currently 1 listing in Woodbriar pending with an asking price of $159,900 and no homes actively for sale at this time.
Homes in Woodbriar Sub don't sit around on the market long if priced properly, with an average time on the market of less than 9 days (2011 sales). I calculate days on the market from time a listing hits it's final asking price until pending/ccs. Overpriced homes aren't really "on the market"- they're just active listings. 3 of the homes sold within 3% of asking price, 1 home sold within 4% of asking price and 1 home sold for 1/2% over asking price.
So far in 2011:
Home sales in 2010:
Home sales in 2009
We're still a long way from the average sales price of $233,300 that Woodbriar sold for in 2004 but so far in 2011 both average and median sales prices are above both 2010 and 2009.
For More About What Woodbriar, Oxford MI Has to Offer
Do You Really Want to Buy a Fixer
What Happens if the Appraisal is Low?
The Perfect House- Doe it Exist?
Jackie Hawley
Keller Williams Realty
Jackie@JackieHawley.com
www.MiRelocation.com
cell: 248-736-6407
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Want to Buy a Newer 4 Bedroom Home in Oxford MI With ZERO Money? Woodbriar May be the Sub for You!
Fortunately for today's home buyer, Oxford MIis still considered rural enough to qualify for Rural Development financing and you don't have to be out in the country to qualify. Woodbriar sub is located in Oxford MI, just off Drahner Rd a little west of M-24. Woodbriar Sub is a 156 home neighborhood built roughly between 1998 and 2002 with homes ranging in size from just over 1500 sq. ft. to just over 2400 sq. ft. and if you qualify for a rural development mortgage you can get into one of these homes for zero dollars!
Some of the many amenities of Woodbriar, Oxford MI include:
Prices in 2010 were about the same as 2009. There were 10 sales in 2010 ranging in price from $102,250-$189,000. Admittedly, $102K is not the norm- there were only 2 sales in 2010 under $133,000. But that house that sold for $133,000 previously sold for $224,900 in 2005- a 3 bedroom 2 1/2 bath home with an unfinished walk out. It was a bank owned house and more than likely needed some work/updating, but very few homes that sell are perfect. in 2004 you couldn't touch a house in Woodbriar for under $200K when houses sold for between $205,000-$303,000.
If you are thinking about purchasing a home and have been sitting on the fence waiting for the market to hit bottom- it is probably time to hop off that fence. Prices in Woodbriar were on par with 2009 and prices in general in both Oxford MI and Lake Orion MI have been inching up. Also, interest rates are still low but have also been inching up recently.
For more information about purchasing a home in Woodbriar, Oxford MI please contact me, Jackie Hawley
Jackie@JackieHawley.com
Cell: (248)736-6407
Woodbriar, Oxford MI
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