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Oxford MI home sales – units, prices and total sales volume were up significantly (2013 over 2012). Unit sales in 2013 were up 16% from 2012. The average sales price was up 21% from 2012 and up 26% from 2011. Volume sales were up almost 22 million from 2012 and distressed sales were down significantly.

The lack of short sales and foreclosure sales have helped with the price increase as well as a very low inventory. On Jan. 18, 2014 there were only 116 active listings in Oxford and Oxford Township. In Jan. 2007 there was an average of 283 listings in Oxford.

I believe the prices will stabilize a bit as more home owners have enough equity to sell. But the inventory needs to probably triple. There are also more buyers than in the past- many who lost their home a few years ago are back in the market to purchase. Interest rates are still very low, qualifying many who might not be able to afford to live in Oxford if the rates were at 6 or 7%.

For a more accurate look at what your house may be worth you need to look more locally; I have a handful of subs and several lake communities linked below with current sales data.

Oakland County Neighborhoods

Oakland County Lakes

Below are some charts and graphs with Oxford MI/Oxford Township sales data.

Jackie Hawley
ReMax Encore, Clarkston MI
Cell: (248) 736-6407

Jackie@JackieHawley.com

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Residential sales data from Realcomp MLS excluding lease transactions, condo and vacant land

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The average sales price for lakefront home sales in the Clarkston/Waterford area so far this year is up 16.7% from the same time period last year and up 23.9% from 2009. Something freaky happened  in 2010 with a jump in price, but prices so far in 2012 are up 7.1% from that spike in 2010.

Unit sales are up 12.8% from last year and almost double the amount of sales for the same time frame in 2009.

Sales volume in 2012 is up $9,807,650 from 2011 and up $21,712,420 from 2009.

A search in Orion/Oxford/Addison sold lakefront homes also showed an increase in sales: Average sales price in 2012 is up 8.4% from last year, units are up 8% from last year and there has been over $2 1/2 million in sales from last year.

Compliments of Jackie Hawley of the JHawley and Associates Real Estate Team at ReMax Encore in Clarkston MI.

www.MiRelocation.com                   www.LakeOaklandHomes.com

                 www.MacedayLake.com

www.SearchMichiganMLSListings.com

Cell: (248)736-6407                                                      Jackie@JackieHawley.com

 

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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.

  1. 1141 Woodbriar 3 bedroom 3 1/2 baths bank owned $132,950 sold for $276K in 2006
  2. 444 Pine Valley 4 bedroom 2 bath bank owned $169,750 sold for $206,380 in 1999
  3. 1208 Poppy Hill 3 bedroom 3 1/2 baths “normal sale” $179,000 sold for $261,478 in 2001
  4. 445 Glen Eagles Ct 4 bedroom 2 full 2 half baths “normal sale” $183,000 sold for $262,975 in 2001

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:

  • 4 closed sales
  • 2 bank owned
  • 0 short sales
  • 2 “normal” sales
  • Median sale price: $174,375
  • Average sale price: $166,168

Home sales in 2010:

  • 11 closed sales
  • 4 bank owned
  • 3 short sales
  • 4 “normal” sales
  • Median sale price: $159,500
  • Average sale price: $151,057

Home sales in 2009

  • 7 closed sales
  • 0 bank owned
  • 2 short sales
  • 5 “normal” sales
  • Median sale price: $147,250
  • Average sale price: $161,807

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

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

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Oxford MI Home Prices UP 12% in 2010!!

Today’s stats are somewhat preliminary- the reporting of a couple more sales may trickle in over the next couple weeks, but if that happens a couple sales shouldn’t really change the numbers much.

Oxford MI unit sales 2009- 247
Oxford MI unit sales 2010- 255

Oxford MI median sales price 2009- $140,000
Oxford MI median sales price 2010- $159,000

Oxford MI total sales volume 2009- $40,664,200
Oxford MI total sales volume 2010- $44,295,280

Unit sales in Oxford MI were only up slightly, about 3%, but there was almost $4,000,000 more in sales volume in 2010. Part of the reason is the reduction in foreclosure sales and an increase in short sales.

Oxford MI foreclosure sales 2009- 116 or 47% of the total sales
Oxford MI foreclosure sales 2010- 111 or 44% of the total sales

Oxford MI short sales in 2009- 28 or 11% of the total sales
Oxford MI short sales in 2010- 49 or 19% of the total sales

In 2009 there was a little over $16 million in foreclosure sales and a little over $15 million in 2010. Short sale volume jumped from just under $5 million in 2009 to just under $8.5 million in 2010. The median sales price for a foreclosure sale in 2010 was $126,000 opposed to the median sales price of a short sale in 2010 of $165,000.

Inventory is also low contributing to the increase in sales price. As of today (Jan 4, 2011) there were only 91 active listings in Oxford MI- a 4 month inventory. On Jan 18, 2010 there were 136 active listings. On July 20, 2009 there were 183 active listings in Oxford, MI (the first month that I started backing out the CCS status on my active searches).

Homes for Sale in Oxford MI

Home Buyers

Buying a Foreclosure

Buying a Short Sale

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The past few weeks I have been showing houses in North Oakland and Southern Lapeer Counties, all on at least an acre and many with pole barns. My brain knows prices are way down, but for some reason I’m still amazed when I show houses.

These particular buyers found a house in Dryden Township in pole barn oakland county lapeer michiganSouthern Lapeer County– less than a mile off Rochester Rd. Over 2600 sq. ft. which doesn’t count the finished walk out basement. It’s a bank owned home in excellent condition on over 2 1/2 acres with a pole barn. The asking price is $206,900.

We looked at several houses in the Ortonville, Oxford, Metamora, Dryden areas and there was a handful of houses– all around $200,000 – that were quite nice. We lost out on a house that was a bit under 2000 sq. pole barn oakland county lapeer michiganft. on a couple acres in Dryden to another offer. Very nice, newer home with a pole barn. There was one house that could have used a bit of sprucing up (carpet, paint, update the baths) that was on 10 acres with a pole barn for around $220,000.

There was a lot of crap out there, too. But if you would like to live in the country with a bit of property, you are able to get a pretty nice home on a couple acres for a decent price. And with today’s low interest rates, and dropping property taxes, a $200,000 house isn’t nearly as  high of a house payment as it was just a few years ago.

For more information about buying a home on acreage in North Oakland County or Lapeer County, please don’t hesitate to contact me.

Jackie Hawley
cell: (248)736-6407
email: Jackie@JackieHawley.com

Oakland County MI Homes for Sale

Lapeer MI Homes for Sale

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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:

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

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Woodbriar Subdivision, Oxford Michigan is a 156 home subdivision in Oxford Michigan, south off Drahner Rd and west of M-24. The houses in Woodbriar Sub were built mostly in the late 90’s-early 2000’s (roughly 1998 – 2002). Woodbriar is made up primarily of colonials; part of the sub has Oxford Schools; part of the sub has Lake Orion schools. Other subdivision amenities include:

  • 3 small parks
  • community well
  • public sewer
  • sidewalks
  • large yards

A short distance south of Woodbriar sub you can pick up I-75 and about 20 minutes north you hit I-69. Nearby are parks, tennis courts, ball diamonds, soccer fields, Centennial Park in downtown Oxford, shopping, golf…

If you couldn’t afford a newer house in the Oxford Michigan area a few years ago, now is a good time to check out Woodbriar. The houses range in size from just over 1500 sq. ft. to just over 2400 sq. ft. They all have basements –  some walk-outs, some standard basements, some finished. There are some fenced yards. So far this year the sold prices have ranged from $102,250-$189,000 (in 2004 they ranged from $205,000-$303,000). A house payment could be as low or lower than your current rent payment if you’re currently renting. For step up buyers– you may be able to rent your current home and sell it when the market improves. FHA loans are still available with a 3 1/2% down payment. And Oxford Michigan still qualifies for rural development financing–  zero down payment; 100% financing.

The highest priced sale in Woodbriar Sub in 2009 was still less than the lowest priced sale in 2004. And so far in 2010 we haven’t seen a sale crack the $200K ceiling and on sale barely above $100K. Today (10/23/2010) there was one active listing on Oakmont- a short sale asking $160,000- and there were no sales pending. 3 homes were leased through the MLS so far this year- $1400/month, $1500/month and $1600/month. There are no houses currently offered through the MLS for lease.

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Oxford Michgian

Lake Orion Michigan

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