lake orion home sales: Lake Orion MI Home Sales- Market Update - 11/17/14 03:49 AM
Lake Orion MI Home Sales- Market Update
Unit sales are down and average and median sales prices are up. Or are they?
Lake Orion, MI is recovering from a housing crisis that lasted close to a decade. Statistics show that prices started dropping in 2006. I felt it in 2005. In 2009 the amount of distressed sales (foreclosure and short sales) surpassed the amount of non-distressed sales. Distressed sales were the norm for 3 years. 3 years where Lake Orion MI had more foreclosure and short sale closings than regular old fashioned sales. And when you have that many distressed sales … (1 comments)

lake orion home sales: Lake Orion MI Real Estate- Lake Orion Home Sales Are Up - 10/24/12 04:59 AM
Lake Orion MI Real Estate- Lake Orion Home Sales Are Up
Lake Orion MI home sales are up 9%. The average sales price in Lake Orion is up 10% and the median home sales price is also up 10%. There has been $11,501,670 more in residential real estate sales so far in 2012 versus the same time frame in 2011 (the first 3 quarters). Listing inventory (Lake Orion homes for sale) is very low.
On Oct. 14, 2012 there were only 105 homes for sale in Lake Orion MI. With an average of 39 sales per month that is less than … (0 comments)

lake orion home sales: The Preserve, Lake Orion MI- Home Prices UP Again! - 02/08/12 09:15 AM
The Preserve, Lake Orion MI- Home Prices UP Again!
Good news for homeowner in The Preserve in southern Lake Orion MI. Median sales prices were up 3 1/2% from last year and up 7.3% from 2009!
List price to sale price percentage ranged from .4% of asking price to 7.8% of asking price and one house sold for 3% over the list price. There was only 1 foreclosure listing and no short sales. Sale prices ranged from $212,000-$274,000.
The good news for buyers:
Compared to many areas there were relatively few distressed sales even in the worst of times Prices never … (0 comments)

lake orion home sales: Lake Orion MI Home Sales Prices Sending Mixed Messages - 05/10/11 01:51 PM
Lake Orion MI home sales through April are down a bit from last year- both units and median sales price. The average sales price is up. The year started out a bit strangely with very low median sales prices in Jan and Feb. Then Lake Orion home prices shot up in March and April, so I dug a little deeper and took a look at the amount of foreclosures and short sales over that period.
Median sales price Jan/Feb 2011 - $91,000Median sales price Mar/April 2011 - $142,795
Jan/Feb 2011 55% of solds were bank owned with a median SP $62,800Jan/Feb 2010 39% of … (2 comments)

lake orion home sales: The Preserve, Lake Orion MI- Are Prices Rebounding? - 12/28/10 10:45 AM
The Preserve, Lake Orion MI- Are Prices Rebounding?
The Preserve is a very nice neighborhood in southern Lake Orion with easy access to I-75. Some of the many amenities that make The Preserve desirable are city water and sewer, sidewalks, subdivision lake, club house with a swimming pool, tennis courts and play ground area. The sub is also surrounded by woods which added value to the perimeter lots when build jobs were sold; value that seems to have stuck to the homes even in the current housing market.
The home values in The Preserve were hit hard just like the rest … (2 comments)

 
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Jackie Hawley

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Oxford, MI

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