27 codes with gains in their respective median selling price. Overall, buyers’ prices were -2.2% vs. a year ago.
Home-sale pricing up in ZIPs representing 44% of the Orange County market.
7 of 83 O.C. ZIPs with 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 36% drop in the countywide median price!
Priciest ZIP? Newport Beach 92662 with a $2,395,000 median selling price.
Current million-dollar ZIPs were 5% of all sales in the most recent period tracked.
There were 5 ZIPs with medians under $250,000 vs. 4 a year ago. ZIPs with medians under a quarter million had 7% of all sales in the most recent period.
47 of 83 O.C. ZIPs had year-over-year sales declines in the period — or 57% of the market.
Overall, countywide sales were down 7.5% vs. a year ago.
3 of 83 O.C. ZIPs has sales gains of 100% or more in the period at the same time as 7 had sales drops greater than 50%!
As a Realtor I know that Timing is everything in selling or buying a home. If you negotiate at the right time you can close escrow in the lead. Buying a home for most folks is the largest purchase of your life. Having an experienced - ethical - honest Realtor is very important. Call Renee to represent you when are considering your next real estate transaction. Renee Baccaro 01718366 (562) 972-9886. Blog: reneebaccaro.com
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This entry was posted on Friday, March 4th, 2011 at 6:39 pm and posted in REAL ESTATE NEWS. You can follow any responses to this entry through the RSS 2.0 feed.