Home prices up in 73% of Orange County, California
Here’s an extract of the data showed in the OCregister from June 11th 2010.
Home prices up in 73% of O.C.
For the 22 business days ending May 25 – DataQuick’s freshest stats — Orange County homebuying patterns showed:
- 57 of O.C.’s 83 ZIP codes had gains in their respective median selling price. Overall, prices were +9.9% vs. a year ago.
- Taking sales volume in consideration, home pricing is up in ZIPs representing 73% of the Orange County market.
- 6 of 83 O.C. ZIPs had median sales prices above $1 million in the period vs. 11 million-dollar ZIPs when the county median price peaked in June 2007.
- Since that pricing pinnacle, there’s been a -31% drop in the countywide median price!
- 56 of 83 O.C. ZIPs had year-over-year sales gains in the period.
- Overall, countywide sales were +14.6% vs. a year ago.
- 8 of 83 O.C. ZIPs has sales gains of 100% or more in the period.
- NOTE! 38 local ZIPs had both sales gains and price gains in the period.
Also, want to see what kind of housing the median price buys in a specific neighborhood? Click on the ZIP code, and you’ll see current for-sale listings in the median’s “ballpark” — a range from 10% below to 10% above — in that ZIP …
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It will be interesting to see what happens now that the ‘tax break’ incentive is over. By the way, buyers needed to have a signed contracts by April 30 to get a credit of $8,000 for first-time buyers and $6,500 for repeat buyers. They also must close escrow by June 30. And just so you know, the million-dollar market represents 22% of all homes listed and 8% of all homes that entered into escrow in the past 30 days ( as of today) .For information on homes in orange county, real estate in dana point or other south county areas, please visit us at www.ochomebuyer.com
