Orange County Real Estate Market Update

Monday, September 13th, 2010. 461 Views

This week’s compilation of real estate headlines includes positive reports on Orange County home prices and home sales. If you are interested in receiving a weekly round-up of Orange County real estate news, sign up for our RSS feed to receive instant updates regarding real estate in all Orange County cities including Newport Beach, Newport Coast, Corona del Mar and Laguna Beach.    


TRENDS FOR THE 22 BUSINESS DAYS ENDING AUGUST 24TH

Prices

Resale Homes          Up 5.0%
New Homes             Up 29.3%
Resale Condos         Up 5.5%
 
Median Price           $440,000 up from $420,000 a year ago
 
Foreclosures            629 for the month of July that is down 9.6% from June and down 22% from July of 2009

-Jonathan Lansner, Orange County Register Real Estate Section 9/12/2010

 

VORACIOUS APPETITE FOR FORECLOSURES

Contrary to popular belief, foreclosures do plague the market. Buyers should not expect a wave of foreclosures, either. The slow methodical pace of foreclosures will only increase slightly over time. There are currently only 684 foreclosures on the market, representing only 6% of the total active inventory.

-Marilyn Kalfus, Orange County Register Real Estate Secton 9/12/2010

 

NEW BUSINESSES UP 10.6% IN AUGUST OVER YEAR AGO

 3,121 DBA’s were filed in August…it is the first year - over – year increase since March.

-Jan Norman, Orange County Register Business Section 9/10/2010

 

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