Attention:  The following information is researched and published by Brents Herron from the local MLS.  If you are looking for a condo in Oxford, Brents knows the market very well and is happy to help anyone looking for fast and friendly service.  Feel free to call or email when you are ready.  615-485-4538 or brentsherron@gmail.com

Number of Oxford Condos that sold in August: 28 (down 1 from last month)
Approximate Average Listing Price for all Closed Sales in Oxford in July: $124,121 (down about $50,000 from last month).
Approximate Average of what the condos actually sold for: $110,503
Percentage of Sold Price to List Price ($110,503/$124,121): 89.03%

Condos listed under $100,000 sold for: About  88.36% of listed price

This price range dominated the categories this month.  There were 12 condos that sold in this price range in the month of August.   Contact me with any questions regarding these or any other condos in Oxford, MS.

 Condos listed from 100k to 150k sold for: About  83.13% of listed price

This was the month to buy in this price range!  It died down quite a bit with sellers willing to come down almost 17% on average off of their list price. Eight condos sold in this price range in August.   Contact me with questions.

 Condos listed from 150k to 200k sold for: About 92.84% of listed price

Six condos sold in this price range in the Oxford community this month.  There are plenty of good opportunites to find a great investment in this price range. Feel free to contact me with questions.

 Condos listed from 200k to 250k sold for: About  95.56% of listed price

There were two condos that sold in this price category.  Although it looked like they didn't come off the list price much, the condos were priced very low to begin with to ensure a quick sale. 

Conclusion:

These next coming months are going to be where you will likely find some very nice deals.  Since students are back in school there are fewer condos that sale and more motivated sellers.  Call or email me to get the scoop on the best deals on condos.

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