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The Preserve, Lake Orion Real Estate Sales

The Preserve real estate sales, Lake Orion. The Preserve is a Pulte sub in Southern Orion Township- just west of Baldwin Rd on the north side of Waldon Rd. The Preserve is a desirable neighborhood with most of the houses built in 1996 through 1998 with prices ranging at that time in the $200's but with an occasional home selling in the low $300's and a couple selling for just under $200,000. Most of the homes in The Preserve are 2 story homes with a few ranches in the sub. At the entrance is a club house with a swimming pool, tennis courts and a play ground area. The sub also boasts a small lake, sidewalks, Detroit water and sewer.

The Preserve has excellent location with easy access to I-75 and a stone's throw to Costco and Meijer. The Preserve is walking distance to Waldon Middle School and only about 5 minutes from Lake Orion High School. 

Also within minutes of The Preserve are Civic Center Park on Joslyn Road near the Orion Township Hall. Civic Center Park offers a nice playground, seven soccer fields, four baseball/softball fields, a sand volley ball court and two basketball courts. Picnic areas with grills are also available. Friendship Park is at the corner of Clarkston and Baldwin Roads- a 137 acres park with a large play structure, two full size soccer fileds and four baseball/softball diamonds.

Over on Joslyn Road- about 5 minutes from The Preserve- it's Christmas year 'round at Canterbury Village. Orion Oaks Park which includes a bark park runs between Joslyn and Baldwin Roads, south of Clarkston Road, and Bald Mountain Recreation area covers about 4600 acres.   

In 2005 prices ranged from $287,000 - $372,000. In 2003 and 2004 a couple homes sold in the low $400's.

2011 sale prices ranged from $212,000-$274,000 with a median sale price of $239,000.

2010 sale prices ranged from $155,000-$285,000 with a median sale price of $230,750.

2009 sale prices ranged from $211,000-$260,000 with a median sale price of $221,458.

Even though prices are on the rise, many houses are still selling for less than they sold for new in the mid to late nineties, and many of those houses have been updated since they were built. Updates like finishing the basement or updating kitchens. Of the 5 houses that sold in 2011 there was only one foreclosure and no short sales. 

After 2005 prices were on a downward trend all over Lake Orion and The Preserves was no different. Prices steadily declined every year after 2005..... Until 2010. It appears that in many neighborhoods prices started to stabilize in 2010 and the same is holding true in The Preserve. In fact, due to the lack of foreclosures in The Preserve- and the lack of inventory- home prices may actually be arching the other way.

If you are considering buying in The Preserve you might want to get off the fence and contact your agent (preferably ME) and start a daily update for new listings. As agents we are able to check individual neighborhoods on a daily basis. Personally, I check ALL new listings and status changes for Lake Orion on a daily basis. Knowing my market is part of my job.

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

Sales data from Realcomp II MLS and prices reflect the price after subtracting any seller concessions that were reported

Sales data from Realcomp II MLS and prices reflect the price after subtracting any seller concessions that were reported

Sales data from Realcomp II MLS and prices reflect the price after subtracting any seller concessions that were reported

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Sales data from Realcomp II MLS and prices reflect the price after subtracting any seller concessions that were reported

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About Jackie    Jackie Hawley, Realtor, e-PRO, full time real estate sales
About Kari       Kari Butz, Realtor, buyer specialist, representing buyers in their southeast MI home search
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