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Oxford real estate
Posted on 10/1/17 at 8:36 pm
Posted on 10/1/17 at 8:36 pm
Before the season I wouldn’t have thought a bad season would slow the real estate
market in Oxford. Now, with this disaster of a season I’m not sure. Any signs it has slowed ?
market in Oxford. Now, with this disaster of a season I’m not sure. Any signs it has slowed ?
4
Posted on 10/1/17 at 8:55 pm to Dave1999
I doubt it very seriously. More than just football was driving that up.
Posted on 10/2/17 at 10:24 am to Dave1999
The town isn't great because of football.
Posted on 10/2/17 at 10:28 am to Dave1999
It definitely hasn't slowed. There have been new complexes coming up left and right recently, and they're all in the same price range as far as I know.
Posted on 10/3/17 at 7:30 am to Dave1999
I spoke to two friends yesterday in the Oxford RE business. One is a broker. The other is a builder.
The consensus is that the primary home market will stay strong. Lots of retirees and professionals moving to Oxford for a variety of reasons. None of which have anything to do with football. Several developments are limiting their building to the number of units they can get built reasonably with the limited amount of labor. But if they had the houses they could sell way more than they are selling now.
The condo market is a little different. That market is driven by two things: student enrollment and football. Both are down. And, lots of new inventory that was planned 2-3 years ago coming onto the market.
Their guess is that the condo market could be relatively flat the next several years.
And that is following a trend. In Atlanta, Austin, Nashville, etc. The condos seem to get over built faster than single family homes.
The consensus is that the primary home market will stay strong. Lots of retirees and professionals moving to Oxford for a variety of reasons. None of which have anything to do with football. Several developments are limiting their building to the number of units they can get built reasonably with the limited amount of labor. But if they had the houses they could sell way more than they are selling now.
The condo market is a little different. That market is driven by two things: student enrollment and football. Both are down. And, lots of new inventory that was planned 2-3 years ago coming onto the market.
Their guess is that the condo market could be relatively flat the next several years.
And that is following a trend. In Atlanta, Austin, Nashville, etc. The condos seem to get over built faster than single family homes.
This post was edited on 10/3/17 at 7:31 am
Posted on 10/3/17 at 4:30 pm to No Colors
The condo market slowing first makes sense.
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