The property at 501 Enon Rd, Oxford, NC, is well-positioned in a seller's market with a price of $579,900, significantly above the local median home prices and comparable sales, which range between $292,900 and $395,000. At $405 per square foot, it is priced higher than the area average of $175-$195 per square foot, suggesting it targets a premium buyer segment. Its 16-acre lot and unique features like a pond and basement could justify this premium for the right buyer.
To maximize sale potential, consider emphasizing the property's unique features, such as land size, privacy, and recent system updates, in targeted marketing campaigns. Adjust the price closer to $500,000 to align better with market trends and expedite interest. Highlighting the property’s potential for customization and its proximity to local amenities will attract buyers seeking rural luxury. Listing now, during a strong seller’s market, is ideal for shorter time-to-close.