About Lake Orion's Downtown Lake Orion

The City of Lake Orion, Oakland County, Michigan 48360
Real estate trends, Market reports, Statistics
11/09/2010

The township of Orion was approved by the Michigan Territory in 1835, the same year it applied for statehood. Jesse Decker became the first Supervisor of Orion, with a salary of $2.00 per year. Another settlement nearby, New Canadaigua, was absorbed by Orion. This land later helped Orion to establish its first public school in 1859.

Price Trends: the median single family home price as of 11/07/2010 for Lake Orion is $166,123 - down 6% from 09/17/2010

Market Conditions: with a market action index of 16.29, Lake Orion is currently a buyer's market

Sales And Demand Trends: the average property as of 11/07/2010 has been on the market for about 185 days - up 3% from 09/17/2010

Price Per Square Foot: the median price per square foot for homes in Lake Orion is about $92 - down 4%

Homes For Sale: there are about 195 properties on the market as of 11/07/2010 - down 3% from 09/17/2010

Summary: even though home prices are down and days on market are up, inventory of homes in this market are still down, which will drive the home prices up (slowly).

If living in a resort town appeals to you, let's talk about how to make that dream a reality in the city of Lake Orion. To find out the value of your home or property, questions about real estate or mortgages, contact me direct at 800-628-7356 x 8065 or dhorne@cbshooltz.net TODAY!
references: downtownlakeorion.org