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.

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

More Posts - Website

Follow Me:
TwitterFacebookLinkedInGoogle PlusYouTubeYelp