About Lake Orion's Rolling Meadows

Rolling Meadows, Lake Orion MI Market Conditions- Good News If You're Selling

Great news for homeowners in Rolling Meadows in Lake Orion Michigan. The median sales price is up for the 2nd year in a row! We're still a long ways from the peak times, but better than 2009 or 2010.

Median Sales Price:

2011- 13 units at $228,000
2010- 14 units at $213,500
2009- 16 units at $210,000

There were no bank owned sales in 2011 and only 2 short sales.

The lowest sales price was higher each year than the previous year as well as the top end price was higher each year than the previous year.

2011 sale prices ranged from $194,000 - $265,000
2010 sale prices ranged from $164,505 - $237,000
2009 sale prices ranged from $153,000 - $247,000

12 of the homes sold within 26 days on the market and 1 house took 71 days to sell. I define days on the market as time from the last price change (if any) until pending. Overpriced houses aren't really on the market. Properly priced homes sell since the time frames to sell in Rolling Meadows are about the same as the rest of the areas.

There were 4 homes financed through FHA and 9 utilized conventional mortgage financing. Most of the homes that sold in Rolling Meadows sold within about 5% of asking price. 1 house sold for 2 1/2% over asking price and 1 home sold at asking price.

2 houses in Rolling Meadows leased in 2011 at $1950/month and $2000/month (reported by Realcomp II MLS).

If you are considering selling your Rolling Meadows home, you may have more equity than you expected. Or getting closer to having equity again!

If you are thinking about buying in Rolling Meadows you need to call or email me so I can get listings to you the day they hit the market. Prices are up 6 1/2% from 2010 and up 8% from 2009. You still get a lot of house for the money and with interest rates so low buying in Rolling Meadows is still a bargain.

Rolling Meadows is a 265 home subdivision located just north of the I-75 and Baldwin Rd exit in Lake Orion MI. Homes were built in the mid 90's and range from approximately 2000 sq. ft. to approximately 2800 sq. ft. Rolling Meadows boasts city water and sewer, sidewalks, subdivision tennis courts and swimming pool as well as a community club house.

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Jackie Hawley
Keller Williams Realty, Clarkston MI
Cell: (248) 736-6407
Jackie@JackieHawley.com

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Rolling Meadows Lake Orion MI- Prices Still Rising

Prices in Rolling Meadows, Lake Orion MI are still on the rise though still a major discount from the hey days of 2004 when the sale prices in Rolling Meadows ranged from $295,000-$368,000.

2011 sale prices so far range from $194,000-$260,000 with a median sale price of $225,000

2010 sale prices ranged from $164,505-$237,000 with a median sale price of $213,500

2009 sale prices ranged from $153,000-$247,000 with a median sale price of $210,000

There are currently 2 houses pending (both normal sales) with asking prices of $233,000 and $284,900 and 1 home currently for sale with an asking price of $254,900 (stats pulled on 10-26-2011).

If you would like to purchase a home in Rolling Meadows that you may not have been able to afford a few years ago, now is a good time to take advantage of the super low prices and low interest rates. If the current trend continues and prices continue to rise, you may be in the same boat as a few years ago. Prices are still within the FHA limits if you have limited funds to buy.

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Jackie Hawley
Keller Williams Realty
cell: (248)736-6407

Jackie@JackieHawley.com

Rolling Meadows, Lake Orion

Rolling Meadows, Lake Orion real estate sales are a bit stronger this year than in 2009. In 2009 there were 16 closed sales in Rolling Meadows and 4 leases with sale prices ranging from $153,000-$247,000 and lease prices ranging from $1500-$1800/month.

In 2010 there have been 14 closed sales in Rolling Meadows as of Dec. 24 with sale prices ranging from $164,505-$237,000.

In 2010 there have been 5 foreclosure sales
In 2009 there was only 1 foreclosure sale

In 2010 there have been no short sale closings
In 2009 there were 2 short sale closings

In 2010 there were 4 closings under $200,000 and all were bank owned
In 2009 there were 5 closings under $200,000- 1 was bank owned, 1 was a short sale

In 2010 there were 6 sales of $220,000 or more
In 2009 there were 2 sales of $220,000 or more

If you take out the distressed sales in Rolling Meadows, Lake Orion the price per square foot in 2010 ranged from $79/square foot - $111/square foot.

In 2009 the price per square foot for non distressed sales in Rolling Meadows ranged from $78/square foot - $97/square foot.

In 2010 of the 9 non distressed sales in Rolling Meadows, Lake Orion

• 3 sales so far closed for over $100/square foot
• only 3 non distressed sales closed for less than $90/square foot
• 3 closed for over $90/square foot but under $100/square foot

In 2009, of the 13 non distressed sales in Rolling Meadows

• none of them exceeded $100/square foot
• only 5 sold for over $90/square foot
• leaving 8 non distressed sales in Rolling Meadows selling for less than $90/square foot

There are currently 2 houses pending short sale approval so we won't know the prices until the short sales are approved and the homes close. And there are currently no homes for sale or lease in Rolling Meadows, Lake Orion.

If you are considering making a move to Rolling Meadows, you should contact me with what you are looking for and I will do a daily update so that when a house hits the market in Rolling Meadows you have the opportunity to jump on it immediately.

Jackie Hawley
cell: (248)736-6407
email: Jackie@JackieHawley.com

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Rolling Meadows, Lake Orion Michigan is a Pulte sub conveniently located off Maybe Rd just west of Baldwin Rd in desirable Orion Township Michigan. Home sizes range from approximately 2000 sq. ft. to approximately 2800 sq. ft., built between 1993 and 1996. The sub consists of 3 phases with a total of 265 home sites.

Rolling Meadows has always been a desirable neighborhood- some of the amenities include sidewalks, city water and sewer, subdivision tennis courts and swimming pool as well as a community club house.

Rolling Meadows is also between a 5-10 minute drive from I-75. 5-10 minutes from Great Lakes Crossing. 5 minutes from Orion Oaks County Park, Canterbury Village, Friendship Park and more.

As with most of Southeast Michigan, houses in Rolling Meadows are seriously on sale. In 2009, 16 homes sold ranging in price from $153,000 to $247,000. When compared to 2004 when 11 homes sold ranging from $295,000- $368,000.

So far this year there have been 12 sales in Rolling Meadows ranging in price from $164,505 to $237,000. 4 foreclosures and no short sales. There is currently 1 listing pending at $185,000 and it is a short sale listing. There have been 3 sales so far this year that sold for over $100/sq. ft. Last year the price per sq. ft. topped out at $96.60.

One thing that is interesting is, if you ignore the bank owned sales and short sale is in 2009, the sale prices were clustered around the $210K mark- $195K-$213K with 2 houses selling for over $230K. But for the most part they were all around that $210K mark. So far in 2010 the sales are clustered around the $220K mark. Click here for a couple of very detailed charts.

If you currently own a home in Rolling Meadows, Lake Orion Michigan this is great news. Hopefully prices are stabilizing. If you are thinking of buying a home in Rolling Meadows, Lake Orion Michigan, you may want to hop off the fence and call me.

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Rolling Meadows, Lake Orion Michigan is a sub in southern Orion Township with easy access to I-75, parks, shopping, etc. Rolling Meadows is a Pulte sub built in the mid 90's and homes ranging in size from approximately 2000 sq. ft. to approximately 2800 sq. ft.

Rolling Meadows has always been a desirable neighborhood with sidewalks, city water and sewer, subdivision tennis courts and swimming pool as well as a community club house.

As with most of Southeast Michigan, houses in Rolling Meadows are seriously on sale. In 2009, 16 homes sold ranging in price from $153,000 to $247,000. When compared to 2004 when 11 homes sold ranging from $295,000-$368,000.

Click for detailed chart

The good news is that only one of the sales last year was a foreclosure, and only two were short sales. The bad news is that the most expensive house to sell in 2009 was still less than the least expensive home 5 years ago. Many selling for less than they sold for originally in the mid to late 90's.

• More Information about Rolling Meadows
• More Information about Lake Orion/Orion Twp
• Lake Orion, Michigan Sales Data

Jackie Hawley
Keller Williams Realty, Clarkston MI
cell: (248)736-6407
email: Jackie@JackieHawley.com
web: www.MiRelocation.com
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