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Posts Tagged ‘lake orion mi homes for sale’

Friendship Park, Lake Orion MI

Friendship Park in Lake Orion MI (technically Orion Township) is a 137 acre park located on the northeast corner of Clarkston and Baldwin Roads. Friendship Park is quite a nice facility that is only a half mile down the road from where I grew up and would have been great to have ball diamonds that close when I was a kid.

Friendship Park features 4 baseball/softball diamonds, 2 soccer fields, a sweet play structure, walking paths, a gazebo, the historic Porritt Barn and a nice pavilion which was finished in 2002 and offers indoor bathrooms, office space, kitchen area, meeting room and an outdoor pavilion with grills.

The excellent location of Friendship Park offers easy access to I-75, paved trails run adjacent to the park on 2 sides, Webber school is just across the street and though both Clarkston and Baldwin Roads are main roads, this is not a high traffic area- at least not to the point where there are traffic jams or long waits at the light even during rush hour. Friendship Park is also an easy walk to at least one of the entrances to Orion Oaks County Park.

Hours for Friendship Park are 8 am to dusk.

Bald Mountain Recreation Area, Lake Orion

Orion Oaks County Park

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Homes for Sale in Lake Orion MI

Jackie Hawley, Realtor
ReMax Encore, Clarkston

Cell: 248-736-6407

Jackie@JackieHawley.com

www.MiRelocation.com

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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 a 3 month supply of active listings.

Distressed home sales (short sales and foreclosures) are down in Lake Orion with distressed sales making up 42% of the total sales. In 2011 distressed sales made up 52% of the total home sales in Lake Orion, MI.

Total Sales Lake Orion MI (units):

2012: 347
2011: 316

Distressed Sales (units) Lake Orion MI:

2012: 145
2011: 165

Average Sales Price Lake Orion MI:

2012: $184,197
2011: $165,869

Median Sales Price Lake Orion MI:

2012: $157,000
2011: $140,795

Sales Volume Lake Orion MI Home Sales:

2012: $63,916,380
2011: $52,414,710

The decline in distressed home sales contributes to the increase in overall home prices. And this is a catch 22 in a good way- the more Lake Orion home prices go up, the less under water houses there are, so less distressed home sales. As Martha Stewart would say: This is a good thing for the Lake Orion MI home owner. Or potential Lake Orion MI home buyer.

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What to Expect From a Buyer’s Agent

Financing and the Importance of a Pre-Approval

The Home Inspection

Lake Orion MI Homes for Sale

Lake Orion Lakefront Homes

Jackie Hawley, Realtor
ReMax Encore, Clarkston MI

Jackie@JackieHawley.com

Cell: (248)736-6407

www.MiRelocation.com

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Lake Orion and Oxford MI Housing Inventory is Low but There are Still a Few Gems if You Look

some real gems in Lake Orion and Oxford MIThe housing inventory in Lake Orion and Oxford MI is currently low. A couple years ago there was about a year and a half’s worth of inventory. Now there’s about a 4 month inventory, and after you toss out the grossly overpriced listings that exist in every market, and the dumps which are a great deal for a very small, specialized sector of the buyer pool, there isn’t a whole lot to choose from.

Today I showed homes to 3 sets of buyers; 1 couple looking for a nice home and needing to keep their house payment under $950/month and 2 investors who want to buy rentals. I admit I only showed each investor 1 house each- 1 was a 2 bedroom for under $60K and it needed absolutely nothing on the interior. The porch could use some boards replaced and paint, but the interior had been gutted and all was new- granite counters in the kitchen and bath, new carpet, nice hardwood floors, new windows, new roof, updated electrical- everything. Lake Orion schools and 5 minutes from I-75. It will probably rent for $900-$1000/month. Not a bad deal.

The other investor looked at a house in Oxford asking $35K. It needs work and she has to go back with someone to figure the extent of the work. Even if $20K is needed you’re still looking at a small payment for a 1400 sq. ft. house on an acre – a house that will probably rent for $1000-$1200/month.

What surprised me the most was the condition of the homes I showed the couple looking for a home. We looked at 5 houses– 1 bank owned, 2 short sales and 2 regular sales. All had at least 3 bedrooms, 2 full baths, basement and garage. 1 was a lakefront. 3 were quite nice and the other 2 would be if they had their basements waterproofed. All of these homes were in Lake Orion and Oxford. Even the 2 houses with water issues in the basements would be pretty good deals if a buyer had the $5K-$10K cash after the closing to have the basements waterproofed. The most expensive house we looked at was $115,000. Taxes ran between $2,000-$3,000. All 5 houses would have sold for over $200,000 in 2004 or 2005. In fact one of them DID sell for over $200,000 in 2002- a couple years before prices peaked.

All in all it was a good day. And it’s nice to know that the small inventory isn’t all fixers.

Jackie Hawley
Keller Williams Realty
cell: (248)736-6407
Jackie@JackieHawley.com

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Homes for Sale in Lake Orion MI

Homes for Sale in Oxford MI

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