Lake Orion

The Lake Orion real estate market was really booming in the 1990's and early 2000's then around 2005 and 2006 the housing prices in Lake Orion started to drop- a lot. And continued dropping until mid 2010 when prices in general started to stabilize. Average sale price in Lake Orion in 2012 was up from 2011 by 10.3%. The first quarter of 2013- Average sales price is up 37% from the first quarter of 2012. Part of the reason prices are up is that foreclosure sales and short sales are down. Also, listing invetnory - homes for sale- is very low. When you look at the sales in specific subs or neighborhoods, you can see that prices have been stabilizing and even increasing a bit earlier than the overall sales for Orion show. Especially in neighborhoods where foreclosures are non existent or low.