Jeff Collins article on Sunday July 22, 1007 referencing that median prices are up but sales are way down.  How can that be?  The simple answer is that there are more higher price homes selling versus lower priced homes.  This skews the median price up but in reality it is really falling. 

Here are the statistics for the first half of 2007 (January - June).  Below are the top 5 biggest gainers and the 5 biggest losers based upon the Median Price of homes sold.

Foothill Ranch 92610 (+25.5%), La Habra 90631 (14.4%), Laguna Niguel 92677 (+14.2%) , Newport Beach 92660 (+12.2%), Tustin 92780 (+10.2%) were the 5 biggest median price gainers over 2006. 

The biggest price losers were Newport Coast 92657 (-16.0%), Dana Point/Capo Beach 92694  (-15.8%), Orange 92868 (-15.3%), Irvine-Northwood 92620 (-14.8%, Yorba Linda 92887 (-12.5%).

Remember I'm here to help you with anything real estate related.  I'd be happy to answer any questions that you may have.  See my newsletter or my blog for up to date sales information.