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
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
