July Home Sales Down, But Prices Are Up
Existing-home sales were down in July, while home prices in many areas are slightly below year-ago levels, according to the National Association of Realtors®. This is true for some of our Orange County communities, but not for others.
July figures for Dana Point shows the number of new listings decreased by 18 or 17 percent compared to July 2005. Sold listings were, also, down 63% during the same time period and market times increased 35 days or 78 percent. The average sales price increased $2,481.
New listings in Laguna Beach increased by 10 percent in July , while the number of homes that sold dropped by 22 percent. Market times increased by 39 days or 61 percent. During this same time frame, the average sales price increased 57% or $1,152,637. Time will tell if this is an anomaly or a trend.
Laguna Niguel reported similar numbers with a 9 percent increase in new listings compared to last year. Market times were up by 43 percent as sales dropped 49 percent. Sales prices in Laguna Niguel also increased by 13% or $99,711.
Mission Viejo continued to appeciate by 8 percent even though sales decreased by 46 percent and market times increased by 42 percent%. Ithe number of new listings increased by 9 percent.
San Clemente sales prices increased slightly...up $3,795 from a year ago. New listings increased 26 percent and sales dropped 47 percent. Meanwhile, the average market time increased 38 days or 83 percent.
San Juan Capistrano's average sales price was 5 percent higher this July compared to July 2005. New listings decreased 5 percent. Market times increased 36 days or 84 percent and sales were down 84 percent.
Even though Orange County sales are following the national
trend with fewer sales and longer market trends. Prices are holding steady or increasing compared to a year ago..
All stats are compiled from the Southern California Multiple Listing Service. Information is deemed reliable but not guaranteed.
July figures for Dana Point shows the number of new listings decreased by 18 or 17 percent compared to July 2005. Sold listings were, also, down 63% during the same time period and market times increased 35 days or 78 percent. The average sales price increased $2,481.
New listings in Laguna Beach increased by 10 percent in July , while the number of homes that sold dropped by 22 percent. Market times increased by 39 days or 61 percent. During this same time frame, the average sales price increased 57% or $1,152,637. Time will tell if this is an anomaly or a trend.
Laguna Niguel reported similar numbers with a 9 percent increase in new listings compared to last year. Market times were up by 43 percent as sales dropped 49 percent. Sales prices in Laguna Niguel also increased by 13% or $99,711.
Mission Viejo continued to appeciate by 8 percent even though sales decreased by 46 percent and market times increased by 42 percent%. Ithe number of new listings increased by 9 percent.
San Clemente sales prices increased slightly...up $3,795 from a year ago. New listings increased 26 percent and sales dropped 47 percent. Meanwhile, the average market time increased 38 days or 83 percent.
San Juan Capistrano's average sales price was 5 percent higher this July compared to July 2005. New listings decreased 5 percent. Market times increased 36 days or 84 percent and sales were down 84 percent.
Even though Orange County sales are following the national
trend with fewer sales and longer market trends. Prices are holding steady or increasing compared to a year ago..
All stats are compiled from the Southern California Multiple Listing Service. Information is deemed reliable but not guaranteed.
Tags: Dana Point July sales, Laguna Beach July sales, Laguna Niguel July sales, Mission Viejo July sales, San Clemente July sales, San Juan Capistrano July sales, Orange County housing statistics, home sales down in July, National Association of Realtors report
posted by The Hartanov Team at 6:50 AM
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