February 2010 Sold Homes Report - Oxford Community
March 6th, 2010 . by Blake CannonHome Sales in the Oxford, MS Community During February 2010
Number of Oxford Homes that sold in February: 14
Approximate Average List Price for all Closed Sales in Oxford, MS in February: $236,998
Approximate Average price of what the homes actually sold for: $227,625 because of three homes selling for over the listing prices because of upgrades.
Percentage of Sold Price to List Price ($227,625/236,998): 96.0% (this includes 3 homes that sold above asking price due to upgrades)
Homes under 100k sold on average for:
Approximately 85.7% of the listed price
There was one home that sold in this range. Contact me with any questions.
Homes from +100k to 150k sold on average for:
Approximately 97.6% of listed price
There were four homes that sold in this price range in February. One of these homes sold for $2,000 above asking price due to upgrades. Contact me with any questions.
Homes from +150k to 200k sold on average for:
Approximately 93.1% of listed price
Three homes sold in this range. Contact me with any questions.
Homes from +200k to 300k sold on average for:
Approximately 100.25% of listed price
Four homes sold in this price range. Two homes sold above asking prices due to upgrades. One home sold for $40,319 above asking price. Contact me with any questions.
Homes above 400k sold on average for:
Approximately 94.75% of listed price
Conclusion
The overall market is better than January, when just seven homes sold for a February. The pick up in demand seems to indicate a growth trend coming into the spring. This could mean that prices may start leveling off or even slightly increase.
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If you have any questions about these numbers or how I collected the data, please feel free to call or email me at anytime!
Disclaimer: While every attempt is made to obtain accurate data and calculate it precisely, the information published here should not be relied on for purposes other than general infromation. No warranties, express or implied, should be derived from the home market report service.
Based on information provided by NCMBR MLS for the period (2/1/10) through (2/28/10).
