Skip to content
«
»
 

Home Prices in Orange County

15 January 2010, 1:56 pm

O.C. home prices up $69,000 vs. bottom

For the 22 business days ending Dec. 23 – DataQuick’s latest homebuying report — Orange County saw …

  • $439,000 median selling price that is +9.7% vs. a year ago but -32% below June 2007’s peak of $645,000.
  • The most recent median is 19% ($69,000) above the cyclical low hit in January 2009 at $370,000 — a current bottom that was -43% below the peak.
  • Prices fell on a year-over-year basis from Sept. 2007 through August. (Worst at -31.5% in August 2008.)
  • Single-family homes resell for 32% less than their peak pricing (June ‘07) while condos sell 36% below their peak in March 2006. Builder prices for new homes are 39% below their February ‘05 top.
  • In this most recent period, O.C. shoppers bought 3,041 residences — that is +10.4% vs. year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.)
    • Share/Bookmark

    Related posts:

    1. Orange County Real Estate Market Update January 18, 2010 - Robert Larsen 1/18/2010 With one of the key measures...
    2. California’s Home Inventory Continues to Shrink to 5-Year Low - Robert Larsen 1/22/2010 California’s inventory of unsold, previously owned...
    3. Home Builder’s Constructions Forecast Home Builders Expect Construction Recovery Housing construction is expected to...
    4. Double Dip in Housing? -Robert Larsen The Governments Effect on Housing A recent real...
    5. Has Housing Reach a Bottom? Dramatic 2011 housing rebound eyed December 28th, 2009, 6:00...

    Related posts brought to you by Yet Another Related Posts Plugin.

    Filed under Market Update Tagged ,
    Comment (RSS)  |  Trackback  |  Permalink

    Leave a Reply

    «
    »