Orion Township/Village of Lake Orion year | units sold | avg sale price | median sale price | 2000 | 475 | $231,289 | | 2001 | 444 | $240,377 | | 2002 | 434 | $248,515 | | 2003 | 525 | $260,429 | $235,000 | 2004 | 476 | $252,223 | $234,500 | 2005 | 360 | $262,341 | $251,450 | 2006 | 347 | $250,705 | $229,900 | 2007 | 306 | $247,146 | $222,750 | | 2008 | 357 | $207,442 | $187,500 | | 2009 | 376 | $166,873 | $150,000 |
Click here for chart- you may need to disable pop up blocker In 2009 the average final list price before selling was $180,470 with sellers coming down 7.5% on average
In 2009 the final median list price before selling was $150,000 - same as the median sale price but this doesn't factor in seller concessions Sales for the first quarter year | units sold | avg sale price | median sale price | | 2003 | 72 | $249,166 | $226,000 | | 2004 | 69 | $232,258 | $228,000 | | 2005 | 72 | $261,729 | $254,250 | 2006 | 68 | $245,002 | $230,950 | 2007 | 63 | $249,748 | $255,500 | 2008 | 66 | $207,782 | $207,000 | | 2009 | 65 | $179,274 | $153,000 |
The average final list price in 2009 was $189,905 with sellers coming down 5.6% on average
The final median list price in 2009 was $154,000 with sellers coming down .6% on average On 4/2/2009 there were 330 residential homes on the market with an average asking price of $259,991 and a median asking price of $213,750 Sales for the first half year | units sold | avg sale price | median sale price | | 2003 | 219 | $257,616 | $233,000 | | 2004 | 235 | $248,092 | $230,000 | | 2005 | 192 | $267,992 | $256,500 | 2006 | 169 | $256,481 | $230,000 | 2007 | 153 | $248,852 | $244,000 | 2008 | 155 | $212,216 | $210,501 | | 2009 | 145 | $172,710 | $158,900 |
The average final list price in 2009 was $183,431 with sellers coming down 6.1% on average
The final median list price in 2009 was $159,000 with sellers coming down .1% on average Of the 145 sales in the first half of 2009, 73 were bank or government owned and 17 were short sales or subject to third party approval which is more than likely a short sale. Just under 2/3 of the closed sales were distressed sales. For the first half of 2009 the average sale price was down 18.6% from 2008 and down 35.6% from 2005 - or $95,282 on average. The median sale price was down 24.5% from 2008 and down 38.1% from 2005- or $97,600. On 7/20/2009 there were 291 active listings with an average asking price of $262,499 and a median asking price of $220,000 (I now exclude CCS listings in my active searches since most of them are pending the removal of some type of contingency most commonly short sale approval) On 7/20/2009 there were 77 houses pending or CCS (contingent continue to show and most likely a short sale pending bank approval) with an average asking price of $158,848 and a median asking price of $139,900. Of these 77, 33 are bank or government owned and 15 are short sales or subject to 3rd party approval Sales - monthly breakdown month/year | units sold | avg sale price | median sale price | January 2007 | 18 | $228,039 | $242,000 | January 2008 | 24 | $210,507 | $205,750 | | January 2009 | 23 | $185,608 | $152,000 | February 2007 | 26 | $240,956 | $235,000 | February 2008 | 15 | $243,460 | $250,000 | | February 2009 | 23 | $162,533 | $120,000 | March 2007 | 19 | $282,347 | $260,000 | March 2008 | 25 | $189,499 | $202,000 | | March 2009 | 19 | $192,526 | $192,400 | April 2007 | 31 | $268,495 | $230,000 | April 2008 | 30 | $208,760 | $174,500 | | April 2009 | 26 | $160,127 | $161,950 | May 2007 | 24 | $249,712 | $234,975 | May 2008 | 27 | $212,445 | $214,000 | | May 2009 | 28 | $178,780 | $162,000 | June 2007 | 35 | $229,250 | $215,000 | June 2008 | 31 | $227,374 | $210,501 | | June 2009 | 26 | $162,345 | $152,750 | July 2007 | 39 | $309,108 | $260,000 | July 2008 | 30 | $262,021 | $211,200 | | July 2009 | 39 | $143,014 | $137,000 | August 2007 | 39 | $233,864 | $190,000 | August 2008 | 40 | $222,520 | $211,600 | | August 2009 | 43 | $193,379 | $125,000 | September 2007 | 20 | $225,130 | $180,750 | September 2008 | 39 | $206,826 | $215,000 | | September 2009 | 40 | $161,893 | $144,175 | October 2007 | 30 | $227,451 | $186,950 | October 2008 | 31 | $196,904 | $165,000 | | October 2009 | 40 | $131,366 | $125,500 | November 2007 | 13 | $209,550 | $188,750 | November 2008 | 24 | $188,608 | $173,250 | | November 2009 | 37 | $158,736 | $154,900 | | December 2007 | 12 | $193,833 | $151,250 | | December 2008 | 30 | $154,693 | $131,450 | | December 2009 | 32 | $193,906 | $182,500 | 2007 | 306 | $247,146 | $222,750 | 2008 | 357 | $207,442 | $187,500 | | 2009 | 376 | $166,873 | $150,000 |
Click here for chart- you may need to disable your pop up blocker In 2009 there were 19 more sales than in 2008. The average sale price was down 19.6% from 2008 and the median sale price was down 20% from 2008. In 2009 houses have been selling within 7.5% of their final average asking price.
In 2009 houses have been selling within 0% of their final median asking price. As of 01/18/2010 there were 188 active listings with an average price of $221,477 and a median price of $175,450. (Active listings now exclude CCS or contingent continue to show which are usually pending bank approval of a short sale) As of 01/1/2010 there were 83 houses pending or CCS (contingent continue to show). |