State of the Market: Oxford’s red-hot residential market is ready for growth

On March 21, 2023, the Triangle Business Journal reported that “in December, the Oxford Board of Commissioners approved a capital project ordinance for $5 million for the improvement and expansion of the Kerr Lake Water Treatment Plant in Vance County (that number was upped to $6 million in January due to an error in the initial approval).”

Why is this important to you? According to the TBJ, Triangle Business Journal, Oxford is one of the fastest-growing communities in the Greater Triangle. It sits in Granville County about 30 minutes north of Durham along Interstate 85 and is home to just under 8,800 people. Oxford is red-hot from a residential perspective as it attracts big investments for new housing developments. During one Oxford Board of Commissioners meeting last year, more than 800 new homes were approved. Developers and major employers often look at a city's or town's available water and sewer capacity when deciding where to invest.

"Capacity at that plant is exceedingly important for the City of Oxford, particularly as we've had a lot of discussions about prospective growth," Mayor Jackie Sergent said. And with the improvement and expansion of the Kerr Lake Water Treatment Plant approved, Oxford can grow now.

As the real estate market in and around Oxford shifts to accommodate that growth, it is important that prospective home buyers and sellers work with experienced REALTORS, because with the right price, the right marketing, and the right agent that puts YOU first … your home buying or selling experience doesn’t have to be stressful, even in a red-hot market. Give us a call at Carl Johnson Real Estate to learn more about how we can help get you to where you want and need to be in any market. Call us TODAY 919-880-0904.

And if you're in the area, don’t miss this brand-new gem, the Oxford Oaks Distillery in Downtown, 1267 College St., featuring a wonderful restaurant and distillery.