Laguna Hills and Newport Beach saw the state’s biggest home price increase rates in July, and Newport Beach was in the Top 10 of  median prices statewide, the California Association of Realtors says.

The median price in Laguna Hills was $520,000, up 40.5% from $370,000  in July 2008. In Newport Beach, the median was $1,300,000, up $13.5  from $1,145,000 in the same period last year.

CityYr. gain
Laguna Hills +40.5%
Newport Beach +13.5%
Moorpark +11.2%
Poway +10.8%
San Marcos +8.6%
Emeryville +7.6%
Santa Barbara +6.3%
Arcadia +5.8%
Big Bear Lake +5.5%
West Hollywood +5.0%

Orange County’s overall median price in July was $500,210, up 2.4% from June, but down 6.9% from a  year ago.

Other O.C. highlights, by CAR’s math:

  • Sales were up 7%  from July 2008 and up 4.1% from June.
  • The county’s unsold inventory was at 5.6 months in July, compared with 5.8 months in June and 7.8 months last July.
  • Time that O.C. homes spent on the market:  36.1 days in July, compared with 44 days in June and 49.1 days in July 2008.

Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments.

Keeping you informed about the Orange County real estate market, economy and life in the OC is what I'm committed to doing.

For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.

Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7.

SEARCH ORANGE COUNTY'S BEST HOMES at Orange County MLS Home Search