Zen Ziejewski Prudential California Realty 949-922-2200 2 Ritz Carlton Dr. Suite 201 Monarch BeachCA92629
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Presented by: Zen Ziejewski
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South Orange County Home Sales
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Median Sale Price |
Sales Volume |
| Community |
Zip |
Prev. 4 weeks |
% Change from 07 |
Prev. 4 weeks |
% Change from 07 |
| Aliso Viejo |
92656 |
$437,500
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-12.50%
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71
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-25.30%
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| Dana Point |
92629 - 92624 |
$684,250 |
-37.70% |
34 |
20.15% |
| Irvine |
92602 - 92620 |
$594,750 |
-14.76% |
168 |
-20.04% |
| Ladera Ranch |
92694 |
$470,000 |
-35.70% |
34 |
-33.30% |
| Laguna Beach |
92651 |
$1,550,000 |
20.20% |
13 |
-60.60% |
| Laguna Hills |
92653 |
$309,750 |
-51.60% |
24 |
-22.60% |
| Laguna Niguel |
92677 |
$705,000 |
-9.60% |
72 |
-22.60% |
| Lake Forest |
92630 |
$445,000 |
-29.20% |
52 |
18.20% |
| Mission Viejo |
92691 - 92692 |
$530,000 |
-15.95% |
91 |
-21.40% |
| Newport Beach |
92660 & 92663 |
$1,137,500 |
-21.80% |
39 |
-48.40% |
| Rancho Santa Margarita |
92688 |
$460,000 |
-19.30% |
56 |
-8.20% |
| San Clemente |
92672 - 92673 |
$783,000 |
-6.80% |
45 |
53.10% |
| San Juan Capistrano |
92675 |
$475,000 |
-26.90% |
24 |
-40.00% |
The Above Chart is for the 22 business days ending June 16, 2008, The median is where half the homes sold for more and half for less. Types of homes selling, as well as home value changes, cause the median to change.
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Sales Statistics for Orange County, CA For SFR's & Condos
Listed Below is Realist's most recent recording date for this county is 7/08/08
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| Single Family Residence |
| Time Period |
Number of Sales |
Median Sale Price |
| May 2008 |
1,483 |
$540,000 |
| May 2007 |
1,575 |
$695,000 |
| Apr 2008 |
1,331 |
$555,000 |
| Apr 2007 |
1,534 |
$730,000 |
| 2008 YTD |
6,188 |
$565,000 |
| 2007 |
15,538 |
$700,000 |
| Condominium |
| Time Period |
Number of Sales |
Median Sale Price |
| May 2008 |
667 |
$360,000 |
| May 2007 |
781 |
$478,000 |
| Apr 2008 |
588 |
$384,750 |
| Apr 2007 |
838 |
$471,000 |
| 2008 YTD |
2,823 |
$381,000 |
| 2007 |
8,354 |
$460,000 |
OC June Homes Sales up 10% with Single Family Homes up 18.6%
I have to tell you that the reality of the real estate market in Orange County is that buyers are out there buying homes right now no matter what all the negative news articles continue to say about real estate across the country. According to the Southern California Multiple Listing Service home sales jumped 10% in June 2008 over the same period last year. Single Family Home sales jumped a dramatic 18.6% witch helped push the overall increase into the double digits (10%). Sales of condos fell 3.9% in Orange County for the month of June compared to 2007.
As the median home price continues to fall in Orange County I find that many people don't under stand what the Median Price is? What does Median Price mean? The median home price = the price at which 1/2 of the total home sales were above that price and 1/2 of the total home sales were below that price. Because the largest amount of home sales continue to be under $500,000 it continues to drive the median home price lower.
The median price right now is telling us that the majority of purchase are below $500,000. With many 1st time home buyers getting into their first home.
Feel free to call me or email for a FREE consultation as the the current market status and tips that all buyers and sellers must know in this ever changing market. Call me toll free at 888-877-6062.
With interest rates at the bottom it's time to consider buying while the selction is good. If rates go up and home prices stay flat or go lower you could still end of with a higher payment. Take advantage of the rates today!
Zen's Blog and Podcast... Important Orange County real estate info a click away
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Prudential California Realty, 2 Ritz Carlton Dr. Suite 201, Monarch Beach, CA, 92629
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