Home > Blogs > Jackie Hawley > Jackie Hawley's Real Estate Blog for Southeast MI

Lake Orion Michigan Real Estate Sales- a Year in Review

By Jackie Hawley

Real Estate Agent with Coldwell Banker Professionals

March 12, 2010 09:06 AM

Lake Orion Michigan Real Estate Sales a Year in Review

Real Estate sales for Lake Orion and Orion Township in 2009 were abysmal - except for buyers. It's a strong buyers market right now. There are great deals all over the place. I had one family buy a nice 3 bedroom bath and a half house with a partially finished basement, large fenced yard- for $40 more per month than they had been paying to rent an apartment.

There were 19 more solds (units) in 2009 than in 2008- or a 5% increase
There were 149 LESS solds (units) in 2009 than there was in 2003- or down 28%
The median sale price in 2009 was $150,000- down 20% from 2008 and down 40% from 2005
The low sale in 2009 was $15,500- the low sale in 2003 was $92,000
Total dollars sold in 2009 was $62,744,360- the total dollars sold in 2003 was $136,725,000