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Posts Tagged ‘lake orion real estate’

Rolling Meadows, Lake Orion MI Market Conditions– Good News If You’re Selling

Rolling Meadows Lake Orion MI real estateGreat 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 timeRolling Meadows Lake Orion MI real estate 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.

For More About Rolling Meadows

Search The MLS

Homes For Sale In Lake Orion MI

Lakefront Homes For Sale In Lake Orion MI

Jackie Hawley
ReMax Encore
Cell: (248) 736-6407
Jackie@JackieHawley.com

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Lake Orion MI 2010 Sales Price Up! Inventory Low!

The year ending sales data for Lake Orion MI are preliminary since there were pulled from the MLS on Jan 6, 2011. There is a good possibility some late reported sales will come straggling in over the next few weeks. But as it stands now the unit sales for 2010 were the same as in 2009 (377 units) and up 20 units from 2008. The median sales price was up slightly but the average sale price was down a bit and the total dollars in closed sales was down from 2009.

Median Sales Price 2009 was $150,000
Median Sales Price 2010 was $152,000

Average Sales Price 2009 was $166,791
Average Sales Price 2010 was $158,535

Total Volume in 2009 was $62,880,360
Total Volume in 2010 was $59,767,780

Bank owned sales were down from 2009: 174 units in 2009 and 144 in 2010. There was an increase in short sale closings: 32 in 2009 and 74 in 2010.

The current inventory is low. 128 active listings on 1/4/2011 or a 4 month supply. On Jan 18, 2010 there were 188 active listings or a 6 month supply.

The best way to determine how a specific subdivision or neighborhood is doing is to contact me for a market analysis or for a more general idea of neighborhood prices check out the neighborhood pages linked below.

Individual Neighborhood Sales and Community Information

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