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Condo Sales in Oxford, Mississippi During the Month of June 2009

Attention:  The following information is researched and published by Blake Cannon from the local MLS.  If you are looking for a home in Oxford, Blake knows the market and is very friendly and easy to work with.  Feel free to call him when you are ready.  662-380-7144

Number of Oxford Homes that sold: 25

Average Listing Price for all Closed Sales in Oxford in June: $162,172

Average of what the condos actually sold for: $150,740

Percentage of Sold Price to List Price (166,476/$180,928): 92.95%

Condos listed under 100k sold for:

93.80% of listed price

There were four condos that sold in this price range and 3 of them were in The Mark.  The other condo was in Quarter condominiums.  Feel free to contact me with any questoins.

Condos listed at 100k-150k sold for:

95.12% of listed price

Unsurprisingly, 10 condos sold in this price range in the month of June which is the exact same number that sold in May.  This is busy season for condos because this is when parents are looking for their children a place to live and they see that paying rent for four years is not worth it when you can purchase something in this price range with interest rates being so low.  Most of the condos that sold were in Fleur De Lis, Harris Grove, Autumn Ridge and Turnberry.  Contact me with any questions.

Condos listed from 150k to 200k sold for:

93.87% of listed price

This price range sold 8 with a whopping 5 of them being from Fleur De Lis subdivision.  The other three were in Southwind Cove and Turnberry.  Contact me with any questions.

Condos from 200k to 250k sold for:
95.05% of listed price

One condo sold in this subdivision and it was in The Retreat at Wellsgate.  Contact me with any questions.

Condos from 300k to 400k sold for:
86.88% of listed price

Jefferson Park had two sales in this subdivision.  They were listed at 400k and sold for 347,500 each.  Contact me with any questions.

Conclusion

If you have any questions about these numbers or how I collected the data, please feel free to call or email me at anytime!

If you would like to start receiving these monthly Condo Reports once a month please click here and enter “Condo Report” in the subject line and join my other members. Your email address will always be kept confidential.

Home Sales in Oxford, Mississippi During the Month of June 2009.

Number of Oxford Condos that sold: 35 (down 7 units from last month)

Average Listing Price for all Closed Sales in Oxford in June: $242,716 (up from last month)

Average of what the homes actually sold for: $214,559 (up from last month)

Percentage of Sold Price to List Price ($210,306/$221,809): 88.40% (down around  6% from last month)

Homes under 100k sold for:

95.20% of listed price

There were 3 homes that sold in the Under 100k price range in June.  One home sold in Shiloh Place, one on County Road 202 and the other just off of Highway 334.  There are still some good homes under 100,000 that are for sale.  Contact me with any questions.

Homes from 100k to 150k sold for:

98.36% of listed price

This month there were 8 homes (down from 10 last month) that sold in this price range.  Some notable homes that sold in this price range were in Yocona Ridge (4), Franklin Farms (1), Shelbi’s Place (1), Eagle Pointe (1) and Langston Mile Village (1).  Contact me with any questions.

Homes from +150k to 200k sold for:
92.43% of listed price

With 9 selling in June in this price range, this price group seemed to be pretty popular. The most popular subdivision in this price bracket was unsurprisingly Twelve Oaks subdivision with 3 selling in the month of June.  Some other notables were: Magnolia Grove, Edgewood, Deerfield, Breckinridge, and Ridgewood Manor Estates.  Contact me with any questions.

Homes from +200k to 250k sold for:
94.45% of listed price

This was this price ranges biggest month.  In June this price bracket sold 10 homes compared to 3 in May and 3 in April.  Two homes sold in Windsor Falls in this price range.  The other eight homes that sold were in different subdivisions or areas such as Twelve Oaks, Quail Creek Estates, St. Charles Place, Timberlake, and a few others.  Contact me with any questions.

Homes from +250k to 300k sold for:
108.04% of listed price

Yes you read the percentage correctly.  108%.  This price range had two homes that sold and they were both brand new and possibly pre-built meaning that there was a basic asking price, a family or individual wanted the particular home and then added “upgrades” to the property resulting in a sale over the list price.  The two homes that sold in this subdivision were in Wellsgate and Windsor Falls.  Contact me with any questions.

Homes from 300k to 400k sold for:
93.66% of listed price

Two homes sold in this price range.  The two subdivisions that sold these homes were in Wellsgate and East Wind Estates in Oxford.   Contact me with any questions.

Homes listed at $2,000,000 sold  for:

65% of listed price

One home was on South Lamar was listed at $2 million and sold for $1.3 million which sort of skewed the numbers on the average list price and the average sold price as well as the average list to sell price.  Contact me with any questions.

Conclusion

If you have any questions about these numbers or how I collected the data, please feel free to call or email me at anytime!

If you would like to start receiving these monthly Home Reports once a month please click here and enter “Home Report” in the subject line and join my other members. Your email address will always be kept confidential.

Condo Sales in Oxford, Mississippi During the Month of May 2009

Attention:  The following information is researched and published by Blake Cannon from the local MLS.  If you are looking for a home in Oxford, Blake knows the market and is very friendly and easy to work with.  Feel free to call him when you are ready.  662-380-7144

Number of Oxford Homes that sold: 15

Average Listing Price for all Closed Sales in Oxford in May: $180,928

Average of what the condos actually sold for: $166,476

Percentage of Sold Price to List Price (166,476/$180,928): 92.01%

Condos listed at 100k-150k sold for:

93.92% of listed price

Unsurprisingly, 10 condos sold in this price range in the month of May.  This is busy season for condos because this is when parents are looking for their children a place to live and they see that paying rent for four years is not worth it when you can purchase something in this price range with interest rates being so low.  Most of the condos that sold were in The Mark and Fleur De Lis.  Contact me with any questions.

Condos listed from 150k to 200k sold for:

88.57% of listed price

The month of May presented some nice investment opportunities in this price range.  Buyers were able to get condos in this price range almost 12% off of list price which is difficult to obtain for condos with their high demand and the football team expected to do so well this year.  Contact me with any questions.

Condos from 200k to 250k sold for:
91.67% of listed price

The two condos that sold in this price range were both sold in Stonebridge which is in Wellsgate subdivision.  The condos are very nice and are near the massive community lake.  Each condo was listed for 240k and they were able to buy the condos for 215k and 225k.  Contact me with any questions.

Condos from 300k to 400k sold for:
93.89% of listed price

This price range did not really get a nice break.  Both of the condos that sold were in Provence Park.  This subdivision got off to a slow start but it has suddenly become a mildly demanded subdivision.  Contact me with any questions.

Conclusion

If you have any questions about these numbers or how I collected the data, please feel free to call or email me at anytime!

If you would like to start receiving these monthly Condo Reports once a month please click here and enter “Condo Report” in the subject line and join my other members. Your email address will always be kept confidential.

Home Sales in Oxford, Mississippi During the Month of May 2009

Attention:  The following information is researched and published by Blake Cannon from the local MLS.  If you are looking for a home in Oxford, Blake knows the market and is very friendly and easy to work with.  Feel free to call him when you are ready.  662-380-7144

Number of Oxford Condos that sold: 42

Average Listing Price for all Closed Sales in Oxford in May: $221,809 (up from last month)

Average of what the homes actually sold for: $210,306 (up from last month)

Percentage of Sold Price to List Price ($210,306/$221,809): 94.81% (up around  1% from last month)

Homes under 100k sold for:

93.26% of listed price

There were 2 homes that sold in the Under 100k price range in May.  One home sold in Shiloh Place and the other sold on a county road.  There are still some good homes under 100,000 that are for sale.  Contact me with any questions.

Homes from 100k to 150k sold for:

97.68% of listed price (down from 99.99% last month)

This month there were 10 homes (up from just 2 last month) that sold in this list price range.  Some notable homes that sold in this price range were in Langston Mile Village (2), College Hill Heights (2), and Shelbi’s Place (2).  Contact me with any questions.

Homes from +150k to 200k sold for:
96.36% of listed price

With 12 selling last month in this price range, this price group proved to be the most active in the month of May.  There were homes that sold in Taylor-Greene (3), Yocona Ridge (2), Forest Ridge (2), College Hill Heights (1), Breckenridge (1) and a few other places.  Contact me with any questions.

Homes from +200k to 250k sold for:
97.96% of listed price

It was almost Deja Vu in this price range in May when one looks back at April’s statistics.  Three homes sold in April and in May and both months were similar in percentage of list price to sell price.  One notable subdivision was Nottinghill.   Contact me with any questions.

Homes from +250k to 300k sold for:
91.55% of listed price

This price range was the one to be in for the best deals.  There were 8 homes that sold  including Wellsgate, Nottinghill, Tuscan Hills, and a couple near the square.  Contact me with any questions.

Homes from 300k to 400k sold for:
96.89% of listed price

Four homes sold in this price range.  Each listing came off of their list price around $12,000 to $16,000.   Contact me with any questions.  Some of the homes that sold where in Cumberland Place, Wellsgate, and the Country Club subdivision.

Homes from 400k to 500k sold  for:

93.75% of listed price

One home sold in this price range just like it did in April and it was in Wellsgate.  They came off of their price just over $26,000.  Contact me with any questions.

Homes from 600k+ sold for:

91.63% of listed price

There were two homes that sold in this price range in May.  These homes were sold for big drops in prices.  Contact me with any questions.

Conclusion

If you have any questions about these numbers or how I collected the data, please feel free to call or email me at anytime!

If you would like to start receiving these monthly Home Reports once a month please click here and enter “Home Report” in the subject line and join my other members. Your email address will always be kept confidential.

Condos and Townhomes Sales in Oxford Mississippi

Number of Oxford Condos/Townhomes that sold in April: 6

Average Listing Price of Condos and Townhomes: $300,116 (due to one condo sale over 400k and another over 500k)

Average Price of Sold Condos or Townhomes: $266,750

Percentage of Sales Price to List Price: 88.88% (down almost 5% from last month)

Condos listed from 100k to 150k in April 2009 sold for:

88.46% of the listed price (down around 6% from March)

This price range is usually notorious for high sold to list price ratios.  In April, however, there was only one condo in this price range that sold.  It was in Greystone and was listed at 130k and sold for 115k.  Contact me with any questions.

Condos from 150k to 200k sold for:

94.51% of the listed price (up about 8% from March)

This price range, had 3 condos sale in April.  Two of the condos were in a hot up and coming condo subdivision called Fleur De Lis off of Old Taylor Road.  The other condo tha t sold in this subdivision was in Turnberry Condominiums.  Contact me with any questions.

Condos over 400k sold for:

86.35% of the listed price

There were two high-end condos that sold this month.  One condo, just off of Jackson Avenue East was listed at $492,000 and sold for $439,500.  Another condo in High Cotton condos was listed at $654,000 and sold for over $100,000 less than that at $551,000.  If you have the liquid cash, now is the time to throw it into a high end condo!  Contact me with any questions.

Conclusion

This is a buyers market in the condo market right now.  With condos being a seasonal market, the best deals can be had during the month of May which is different than I predicted last month now being able to see what April has brought us — low prices.

Contact me with any questions you may have.

Home Sales in Oxford, Mississippi During the Month of April 2009

Number of Oxford Homes that sold: 31

Average Listing Price for all Closed Sales in Oxford in April: $202,193

Average of what the homes actually sold for: $189,224

Percentage of Sold Price to List Price ($189,224/$202,193): 93.59% (down  2% from last month)

Homes under 100k sold for:

79.92% of listed price

There were 8 homes that sold in the Under 100k price range in April.  4 of these homes were bunched together with an asking price of $55,000 and the same buyer came in and purchased all four of those homes for $33,750 each. One of the homes was in Saddle Creek and the other three were a good drive outside of town.  Contact me with any questions.

Homes from 100k to 150k sold for:
99.99% of listed price (up from 95.26 last month)

This month there were 2 that sold in this list price range compared to 12 last month.  Both of the homes that sold were new construction.  One of the homes was sold in Cross Creek subdivision off of Highway 7 and the other was sold in Langston Mile Village off of Highway 334.  The new construction sales explain why the builders weren’t too negotiable.  Historically, in this price range, new construction is not very negotiable in Oxford.  Contact me with any questions.

Homes from +150k to 200k sold for:
94.99% of listed price (down from 98.71% last month)

With only 3 selling last month in this price range, there was a sudden increase with 10 making it to the closing table in April. Out of all 10 homes that sold in this price range, they all seemed to come down about 5% on their list price.  The one that took the biggest hit was listed at $168,000 and sold for $148,000.  It was a home built in 1976 in Rolling Wood subdivision and had been on the market for 180 days.  Contact me with any questions.

Homes from +200k to 250k sold for:
97.47% of listed price (up from 96.32% last month)

Three homes sold in April in this price range compared to six in March.  The three that sold came from Timberlake, Goose Creek, and Windsor Falls subdivisions. The one in Windsor Falls sold for more than list price because it was a presale and the buyers added some features to the basic model.  The most negotiable home was in Goose Creek Estates with a list price of $219,900 and a sales price of $205,000.  Contact me with any questions.

Homes from +250k to 300k sold for:
97.52% of listed price (a drop from 98.51 in March)

April boasted four sales in this price range compared to two in March. The four that sold were in Twelve Oaks, Timberlake Subdivision, Northpointe, and one was on County Road 427.  None of the four homes came off of their list price too much.  They all consistently came off about 2.5%.  Contact me with any questions.

Homes from 350k to 400k sold for:
90.27% of listed price

The two homes that sold in this price range in April came off of their price a good bit.  One of the homes that sold was in Royal Oaks subdivision and they came off of their price about 15k.  The other home, however, in Woodland Hills, came off of their home an astounding $58,500 or 15% off of listing price!  Contact me with any questions.

Homes from 450k to 500k sold  for:

95.44% of listed price

One home sold in this price range and it was in Woodland Hills.  Contact me with any questions.

Homes from 550k to 600k sold for:

89.44% of listed price

There was one home that sold in this price range in April and it was in Cumberland Place.  Contact me with any questions.

Conclusion

If you have any questions about these numbers or how I collected the data, please feel free to call or email me at anytime!

If you would like to start receiving these monthly Home Reports once a month please click here and enter “Home Report” in the subject line and join my other members. Your email address will always be kept confidential.

The Mark Condo will be available starting June 1st. If you or anyone you know is interested in renting it out please let us know.

2 Pools, Tennis Courts, Clubhouse with workout equipment, walking trails, and a volley ball court. Very close to campus. All appliances are included!

Call or email Blake at 662-380-7144 or Blake@OxfordVIP.com.

This is a beautiful home in Shiloh Subdivision just a short drive away from the Ole Miss campus and the Oxford town square.  The backyard is one of the most unique ones in the subdivision.

• 2 Bedroom / 2 Full Baths
• Big Bedrooms
• Walk in Closets
• Great Condition
• Beautiful Backyard and Landscaping
• Best asking price in Shiloh with the Highest Quality

Come see for yourself!

Contact Blake Cannon anytime with any questions.

Condos and Townhomes Sales in Oxford Mississippi

Number of Oxford Condos/Townhomes that sold in March: 3

Average Listing Price of Condos and Townhomes: $146,000

Average Price of Sold Condos or Townhomes: $136,167

Percentage of Sales Price to List Price: 93.26%

How did the condos sale in March?

Condos listed from 100k to 150k sold for:

98.22% of the listed price

This price range is usually notorious for high sold to list price ratios.  The two that sold were The Mark and The Soleil.

Condos from 150k to 200k sold for:

86.49% of the listed price

This price range, like January, had 2 condos sale in it in February but for less percentage of the list price. Surprisingly enough, a great deal was in Esplanade Ridge AGAIN this month.  Esplanade was listed at 185k and sold for 160k.  You can get some great deals in this subdivision right now until about June.  Contact me with any questions.

Conclusion

This is a buyers market in the condo market right now.  With condos being a seasonal market, the best deals can be had every month with the exception of May, June and July so it may be in your best interest to close on your condo in April or May to save more money.  Chances are, you may not be wanting to close until June or July like everyone else, but the savings may well be worth the extra payment you would make from closing on your condo earlier.

Contact me with any questions you may have.

Home Sales in Oxford, Mississippi

Number of Oxford Homes that sold: 28

Average Listing Price for all Closed Sales in Oxford in March: $203,867

Average of what the homes actually sold for: $194,931

Percentage of Sold Price to List Price ($194,931/$203,867): 95.61%

Homes from 100k to 150k sold for:
95.26% of listed price

This month there were 12 homes that sold in this list price range and they were a little less negotiable compared to last months sales in this range.  This is a great price range to invest right now.  With most sales being in this price range, it is unusual to see a below average sell to list ratio because of demand.  Contact me with any questions.

Homes from +150k to 200k sold for:
98.71% of listed price

There were 3 that sold in this price range in March.  One of the homes sold more than the list price and this was because it was new construction and there was probably an upgrade or two to the property.  The other two homes did slightly come down in price.  They were  built in 1996 and 1997.

Homes from +200k to 250k sold for:
96.32% of listed price

Six homes sold in this price range in the month of March.  The two best deals were in Cumberland Place and Avent Acres which sold for an average of 92% of the list price.

Homes from +250k to 300k sold for:
98.51% of listed price

In March, this price range turned out to not be that big of a deal stealer again. There were only two that sold in this category in March. One of the homes that sold in this price range was new and sold for full list price. Contact me with any questions.  The two homes that sold were in Wellsgate and Windsor Falls.

Homes from 300k to 350k sold for:
96.29% of listed price

One sold in this price range in March and was on South 10th Street.

Homes from 400k to 450k sold  for:
92.53% of listed price

The best deals of March were made in this price range.  Three homes sold.  One in Cumberland Place, one in Grand Oaks, and another in Wellsgate.  Contact me if you would like further information.

Conclusion

If you have any questions about these numbers or how I collected the data, please feel free to call or email me at anytime!

If you would like to start receiving these monthly Home Reports once a month please click here and enter “Home Report” in the subject line and join my other members. Your email address will always be kept confidential.