Round Tree Lake Orion Real Estate Sales
Round Tree is a 223 home sub in Orion Township with entrances off M-24 and Scripps Rd. Houses in Round Tree were built between 1993 and 2003 and range in size from 1828 square feet to 2767 square feet with most of the houses well over 2000 square feet.
Round Tree homes have city water and sewer, sidewalks, community park and abuts Bald Mountain Recreation Area to the east. Lake Orion High School with a swimming pool and tennis courts is across Scripps Road. Round Tree is conveniently located just minutes north of I-75; the exit 81 ramp exits (or enters) at M-24 a few miles south of Round Tree. That exit is also just one exit from Great Lakes Crossing. Orion Oaks County Park and the Bark Park are also within 5 minutes from Round Tree. About 5 minutes north is the public access to all sports Lake Orion.
Round Tree seemed to be hit especially hard by the recession and the crappy housing market that resulted from it (or caused it?). 8 of the 9 sales in 2010 were distressed sales- 7 bank owned or foreclosure sales and 1 short sale. In 2012 only 2 of the 8 sales were distressed sales. In 2003 the lowest priced home in Round Tree was $225,000- in 2009 and 2010 there were no sales over $200,000. In 2012 only 2 of the 8 sales were under $200,000 and in 2013 the only sale that failed to break the $200,000 mark was 1 of the 3 distressed sales.
2013 the median sales price is $268,644
2012 the median sales price was $237,000
2011 the median sales price was $168,000
If you would like to purchase a home in Round Tree you probably shouldn't put it off too long- prices are on the rise with median sales prices rapidily closing in on the $299,900 median sales price of 2003. And there is no guarantee that interest rates will stay this low. If you are thinking about selling, you may now have the needed equity you may not have ad a few years ago.
Home buyer blog: http://SoutheastMichiganRealEstate.wordpress.com
Home seller blog: www.AreaRealEstateExperts.com
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