The below article should not come as a surprise to anyone being that real estate is all about location, location, location.

OC Register, March 28th, 2011

Question: Where’s home-buying on the rise as the traditional home-buying season starts?     Answer: At the beach!

For the 22 business days ending March 7 – freshest numbers from Data-Quick our region-by-region analysis of local real estate trends finds Orange County home-buying slicing up by geography this way …

  • There were 504 homes sold in Orange County’s north-inland ZIP codes in this most recent period, -6% from a year ago. Median selling price? $419,000 in these 22 ZIPs. This most recent median price change was -6.4% vs. a year ago.
  • Mid-county ZIPs — median selling price $346,750 – had 586 sales, -25% from a year ago. In these 25 ZIPs, the median price change was +0.7% vs. a year ago.
  • Combined, total homes sales in ZIPs in the north and mid-section of Orange County were -17.5% vs. a year ago as home-buying the rest of the county ran -7.9% vs. 12 months earlier.
  • North/mid-county homes accounted for 51% of residences sold in the most recent period vs. 54% a year ago.
  • 419 homes sold in beach cities’ 17 ZIP codes in the most recent period, +5% from a year ago — only region with a gain! Median selling price? $638,500 in these 17 ZIPs. Median price change was -4.9% vs. a year ago.
  • South inland ZIPs — median selling price $470,000 – had 627 sales, -15% from a year ago. In these 19 ZIPs, median price change was +0.4% vs. a year ago.
  • All told, countywide sales were -11% vs. a year ago. The median selling price was -1% in the past year.

Kurt Galitski

Meet Kurt Galitski - The Kurt Real Estate Group, your new best friend. Distinctive Strategies that Deliver Record-Setting Results. When you combine Kurt’s passion and knowledge of the real estate market, you really gain an appreciation for what makes Kurt different. But what truly sets him apart from the crowd are his 5 distinctive strategies and his property management… For Kurt, getting into real estate was not an accident, it was a deliberate and calculated decision to deliver a better experience to home buyers, sellers, and landlords that they have ever received before. Today, you could ask any one of hundreds of clients, read his Yelp reviews, or look at his track record of being featured in Orange Coast Magazine in excess of eight consecu­tive years and you too will say mission accomplished. www.KurtRealEstate.com www.KurtPropertyManagement.com 877-957-6677

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