Orono Home For Sale

With about 8,000 residents and homes available in a variety of price ranges, the Orono MN real estate market is a community that is inviting and charming. Located along the banks of Lake Minnetonka, Orono offers many opportunities for residents who love the outdoors. Our family enjoys going to the lake and fishing or swimming during the winter months and we have even been known to go ice skating when the lake is frozen over. And since this is the 10th largest lake in Minnesota, there is plenty of room for the entire community to come out and have a good time.

Another great thing that I appreciate about living in an Orono home is the city’s Adopt-a-Green-Space Program. I was one of the residents that signed up this year to “adopt” an area of natural land in Orono and keep it free of any trash, litter or debris. I also planted flowers in my area and my family goes out to weed it every couple weeks to help keep our community one that we can be proud of.

Orono Real Estate Info: Prices of Homes in Orono MN

Orono neighborhoods are popular pieces of MN real estate because many of them are located along the banks of one of the many lakes in the community. Many of these neighborhoods offer homes with large pieces of land which is ideal for owning animals or livestock. You can choose from vintage homes, colonial style options and other choices in Orono neighborhoods like Stonebay, Bergquist Wicklund’s Park and several others. Several neighborhood parks are also located near these Orono neighborhoods, including Casco Circle Park, Livingston Tower Park and several others.

Homes in the Orono real estate market vary in price. There are several that you can find for less than $150,000 if you are on a tight budget. There are also a large number of homes between $150,000 and $700,000. But the majority of Orono MN homes for sale fall in the more exclusive range of more than $700,000.

Orono Real Estate News: March Orono Home Sales

March, 2012 the average sales price of a home was $712,050 in Orono that was higher yr/yr up 95%. Orono Real Estate Team were talking inventory of real estate for sale for the month of March 2012, it was up m/m 5.2%. The Orono Real Estate Group were talking the number of homes that closed for the month of March 2012, they were up 66.7%. In the current real estate market in Orono homeowners are receiving, 82.4% from the original list price, which is down from 87.8% a year ago. The median sales price in Orono for March was $445,000 it was lower mo/mo down -32.8%. Orono new listings rose 24% mo/mo in March that something we are watching and concerned about, at the Orono Real Estate Team. Orono'smonths of inventory/supply for sale dropped -42.9% yr/yr in March we to see it continue to go lower . March, 2012 the average number of days a home was for sale in Orono was up to 260 days it was up 32 days on average in the past 12 months.