Category Archives: Housing Trends

Multi-Generational Living

A current trend in housing is multi-generational living.  Home buyers are seeking properties or remodeling their current homes to accommodate themselves and their parents. Multi-generational living can also accommodate the Millennial who is living at home after college.

There are great advantages to this.  With Seniors living longer, many want to be near their families and help with the kids but do not want the mortgage of a new home involved when they relocate. Others, single-Seniors who want independent living, are not interested in being alone or living in a Seniors-only facility.

Parents who want to help their grown children, who are paying off college tuition bills or just getting themselves back on their feet after a difficult time, are also living the multi-generational life.

The single-family home with the additional bedroom, or a cottage on the property are interesting to these families.

How to find the best multi-generational home.

You don’t have to have a large property with two homes on it for multi-generational living. What you do need, though, is to look for a home with features that serve both adult generations. These features include:

  1. two areas that can provide a master suite. Your Senior parent(s) should have their own bathroom that isn’t shared by the rest of the family. Why? Privacy. Older adults have different health issues and should be honored with privacy.
  2. space on the main floor for the older generation. That upstairs bonus room/bedroom works great for the Millennial who moved back home but the stairs could be a challenge to an older resident. Perhaps the upstairs bonus room could be the second master suite. Be sure there is a bathroom and ample closet space. Make the downstairs master suite home to the older generation.

    Garden Patio Handrails Building Flowers
  3. a separate cottage would give Senior parents their own space, privacy and the feeling of independence not gained through living in the main household. And a noisy house for a Senior could be a stress builder and lead to confusion. Seniors, like all of us, need down-time and quiet. But for a older person who has already raised a full house of children, why not give them a quiet space? Be careful about the apartment above the garage. Remember what I just mentioned about stairs? However the above-garage apartment would be perfect for the adult child who just moved back home.

Sharing your home with a Senior parent.

Once you’ve found that home to share with a Senior family member be careful with the interior decor.

  1. throw or scatter rugs can be a hazard to the elderly who may not be steady on their feet. These rugs are generally used in bathrooms, kitchens, and near entry doors. If you have to use them, secure the rugs with a double-sided rug tape so it stays in place.

    clean design, no rugs
  2. hand railings are crucial for safety, inside and out. Any where there are steps, install a hand rail for older residents and visitors to use.
  3. bathroom fixtures should also include hand railings in the tub and near the toilet.
  4. universal design guidelines can assist you with remodeling or finding the perfect home to share with multiple generations.

Here are some great resources that can help you with multi-generational living, remodeling, aging in place and more.

For more information about finding the right type of home for your multi-generational family here in Oxford, MS, call me. I love to talk about this topic.

Eileen Saunders, Seniors Real Estate Specialist (SRES), REALTOR | Tommy Morgan Realtors          2092 Old Taylor Road, Oxford, MS 38655 | 662-404-0816 or 662-234-5344
Equal Housing

Trending Real Estate in Oxford, MS

Housing in Oxford, MS is going fast these days. There is little inventory and although there are some days that it seems a good number of listings are appearing on the Multiple-Listing Service (MLS), these properties are not lasting long. Buyers are waiting on the sidelines for particular subdivisions or price points.  Contracts are coming in quickly and although these home sales are pending, it is not reflected on internet sites.  You may think a house is still on the market when, in fact, the MLS has it coded as “Pending.” For this reason, if you are a buyer get pre-qualified for a loan so you are ready for that newly listed house you want. And contact your REALTOR so he or she can watch out for new listings and get you an immediate appointment.

So for any homeowners wondering what time of year is best to sell your house or condo in Oxford, MS, I would say: now.  In fact, with the housing shortage across the country, there is no time like the present to sell your house. There is a buyer just around the corner.

But typically, there are “selling seasons” where houses seem to sell quicker and for a higher price per square foot (PPSF) than during other times of the year.  These selling seasons are January to June and July to December. I’ve put together an historical graph of both single-family and condo/townhouse sales in Oxford to show how the past selling seasons have done.  Based on the PPSF, these selling statistics are not adjusted for the low housing inventory. Source of information: N C M Board of Realtors MLS. Information is deemed reliable but not guaranteed.

For more information about buying or selling download one of these informative guides:





Eileen Saunders, REALTOR with Tommy Morgan Realtors, 2092 Old Taylor Road, Oxford, MS 38655, 662-404-0816 or 662-234-5344. Equal Housing

Real Estate Trends in Oxford, MS

Updated version of previous article: “Five-Year Housing Trend Oxford MS”

Buyers and sellers want to know how the real estate market is going.

“Is it a good time to make a purchase in Oxford, MS? What should I buy, a condo or a single-family home?”

“I’m ready to down-size. Is now the time to do so?”IMG_0759

While I cannot advise you definitely either way, I can make that decision easier for you. My latest reports are complete and ready for you to read.

Oxford Mississippi Real Estate 5-Year Trend in Sales for 2011-2015 highlights the single-family home market.  It shows the average selling price for single-family homes has risen by approximately $83,000.00 and the average price per square foot is up around 33%.

The 2011-2015 Oxford Mississippi 5-Year Trend in Condo Sales report also shows us some exciting news. The demand for condos has risen greatly. The average number of days on the market has dropped by 105 days meaning these properties, both brand new and pre-owned, are getting snatched up quickly.  Days on Market (DOM) basically means the number of days from listing to close, even if the property obtained an accepted offer the second day.  Real estate is not taken off the market until the closing date, so this average includes cash deals, which close generally fast, and contracts with financing. Closings are currently taking up to 45 days since the new laws were enacted last year.  Still, the demand for condominium properties is high. This can be attributed to the growth of enrollment at the University of Mississippi and lack of on-campus housing for upper classmen who move off campus to apartments and parent-owned condos in their Sophomore year.  This trend can also be attributed to the Ole Miss football team doing well which seems to entice alumni families to invest in a second home property here in Oxford.  No one knows for sure, but the statistics show a steady increase in prices and decrease in DOM.

Oxford has seen an uptick in new homes: both condos and single-family. Neighborhoods like Oxford Commons, Northpointe, Southpoint have added many new homes to our landscape. Condo communities such as Brighton Village, Musicians Quarters, 800 College Hill have given Oxford more condo options. And, the new Oxford Farms community is currently being developed for both condo and single-family living. Several rental/apartment communities have also been added to Oxford recently.

Ultimately, it is your decision to buy or to sell.  If the decision is a matter of investment strategy, consult your investment professional first for some sound advice about your portfolio. Then if you want to make a move involving real estate, hire a real estate professional to help you out.  If you simply want to downsize, a real estate professional can help you find the best new place to call “HOME” and help you sell your current house.

Download your copy of these reports here:

2011-2015 Oxford Real Estate Sales Trends

2011-2015 Oxford Condo Sales Trends

Information Herein Deemed Reliable but Not Guaranteed