Early November Homes Sales Show Price Gain…

November 2010

For the 22 business days ending Nov. 5 – Data-Quick’s latest home buying report in Orange County saw …

For the 22 business days ending Nov. 5
Slice Price Yr. ago Sales Yr. ago
Houses $503,000 +0.9% 1,604 -15.4%
Condos $283,000 -5.7% 721 -15.6%
New $579,500 +6.3% 201 +21.8%
All O.C. $440,000 +2.0% 2,526 -13.4%

 

A median selling price of $440,000, up 2% from a year ago.

  • O.C. shoppers bought 2,526 residences — 13.4% fewer than a year-ago.
  • The most recent median is 19% above the cyclical low $370,000 hit in January 2009. The median has recouped 25% of the $275,000 price drop from the peak.
  • But that’s still 32% below June 2007’s peak of $645,000.
  • The median selling price of a single-family homes is 31% less than its June 2007 peak, while condos sell 40% below their March 2006 peak. Builder prices for new homes are 33% below their February ‘05 top.
  • Single-family homes were 78% more expensive than condos in this period vs. 66% a year ago. From 1990-2009, the average house/condo gap was 58%.
  • Sales in this latest period were 30% below the monthly average of 3,597 for the past 20 years.
  • Builder’s new homes sales were 8% of all residences sold in the period, vs. 6% a year ago. From 1990-2009, builders did 14% of the selling.

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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