For the 22 business days ending Sept. 8 – the latest numbers — Orange County’s real estate market saw…
- Median selling price for all residences of $417,500 – that is off 6.2% vs. a year ago. Last full month that was lower was February 2011 at $410,000.
- Total Orange County sales of 2,683 residences closed in the latest period — that is up 6.8% vs. a year ago.
- Note: 16 of 83 Orange County ZIPs had both rising sales and prices in the period.
Slice | Price | Price vs. year ago | Sales | Sales vs. year ago | Sales vs. ’88-’10 avg. |
Houses | $470,000 | -11.3% | 1,784 | +8.6% | -21.0% |
Condos | $269,500 | -10.2% | 749 | +4.5% | -13.0% |
New | $583,000 | +12.2% | 150 | -2.0% | -71.5% |
All O.C. | $417,500 | -6.2% | 2,683 | +6.8% | -26.4% |
And more analysis ….
- $417,500 median selling price is 35% below June 2007′s peak of $645,000.
- Single-family homes were 74% more expensive than condos in this period vs. 77% a year ago. From 1988-2010, the average house/condo gap was 57%.
- Builder’s new homes sales were 6% of all residences sold in the period vs. 6% a year ago. From 1988-2010, builders did 14% of the Orange County home-selling.