 Orion Township has been discovered by builders who are carving out beautiful new subdivisions in what had been a rural area for a long time. The areas has had outstanding growth during the 1990's. Typically, homes on large lots and acreage are joined by new upscale subdivisions and lake homes. The GM Orion plant and other auto-related industries are located here, along with a new Beaumont, Home Depot and more. Major recreation areas include the 4,500 acre Bald Mountain State Recreation Area with approximately twenty-three miles of non-motorized paths, and the 900 acre Orion Oaks County Park. Civic Center Park is 45 acres adjacent to Township Hall. It has picnic areas, softball/baseball diamonds, soccer fields, playgrounds, basketball courts, volleyball pit and a sheltered pavilion and exercise trail. Friendship Park is a 135 acre park with ball diamonds and soccer fields.
The Village of Lake Orion developed in the early 1900's as a summer resort with cottages clustered around the lake. Over time, these small summer dwellings were enlarged and converted to year-round homes. As interest in waterfront property grows, it is not uncommon for smaller lakefront homes to be bought and torn down for the construction of larger, more expensive housing. The commercial area and downtown are situated along M-24, the major north-south highway connecting Pontiac with Lapeer.
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 prices through Oct. 2011 are up from the same period last year by 5% and unit sales are up 7%. Part of the reason prices are up is that foreclosure sales and short sales are down. Also, the average price for distressed sales is down from last year leading me to conclude that more of the distressed sales are cheap or run down houses. 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.
Below are listings displayed through the consumer version of the MLS divided into groups by price. If you scroll farther down you can perform a more custom.
Please refer to the links below and to the right for a plethora of area community information.
Jackie Hawley
Cell: (248) 736-6407
Toll Free: 1-800-401-1444
Jackie@JackieHawley.com
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