Lake Orion MI- Unit Sales, Sale Price and Dollar Volume Are ALL Up!
2011 was a pretty good year and I see no reason that 2012 won't match or exceed last year's sales in Lake Orion MI.
Unit sales in 2011 were up 8%, the average sales price was up 7% and the total dollar volume was up a whopping 14%.
The amount of distressed sales are down from last year. In 2011 bank owned or foreclosure sales made up 34% of the total sales in Lake Orion MI and short sales made up 17% of the total sales. As opposed to 2010 when foreclosures were 38% and short sales were 20% of the total sales.
The average sales price on the bank owned homes dropped just under 10% from 2010 and bank owned homes sold within 3% of asking price in 2011.
Cash sales made up over 23% of total sales in Lake Orion in 2011.
2011 sales numbers exceed both 2010 and 2009 sales.
Inventory is currently low- only 102 active listings in Lake Orion.
If you are considering a home purchase in the Lake Orion area, don't wait until the last minute to start looking. Inventory has been low for awhile and if that dream home isn't currently listed, you need to be ready the day it hits the market. Multiple offers on properly priced homes is not unusual in today's climate.
Lake Orion Lakefront Homes For Sale
Jackie Hawley
Keller Williams Realty
Cell: (248) 736-6407
Jackie@JackieHawley.com
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