Orange County Real Estate Prices On The Rise
Home sales appear to be bottoming out with lower home prices attracting buyers in many areas of the country, according to the National Association of Realtors®. Buyers are not being brought into the Orange County housing market due to lower prices, however. September sales statistics indicate prices are continuing to climb.
September figures for Dana Point show the number of new listings decreased by 7 percent compared to September 2005. Sold listings were, also, down 65 percent during the same time period and market times increased 25 days or 40 percent. The average sales price, on the other hand, increased $227,383 or 21 percent.
New listings in Laguna Beach, also, decreased by 20 percent in September, while the number of homes that sold dropped by 16 percent. Market times increased by 10 days or 16 percent. During this same time frame, the average sales price increased 96 percent or $1,685,099. This 96 percent jump in prices is most likely due to an unusual property selling and thus skewing the figures.
Laguna Niguel reported similar numbers with the number of new listings relatively unchanged compared to last year. Market times were up by 69 percent as sales dropped 22 percent. Sales prices in Laguna Niguel increased, however, by 5 percent or $43,001.
Mission Viejo continued to appreciate by 12 percent even though sales decreased by 25 percent and market times increased by 89 percent. The number of new listings increased by 11 percent.
San Clemente sales prices also saw an increase...up $14,883 or 2 percent from a year ago. the number of new listings remained the same as sales dropped 42 percent. Meanwhile, the average market time increased 38 days or 73 percent. 
San Juan Capistrano's average sales price was 3 percent higher this September compared to September 2005. New listings increased 11 percent. Market times increased 27 days or 59 percent and sales were down 42 percent.
This is a great time to buy a home in. Interest rates remain less than 6.5 percent and there are more homes to choose from.
September figures for Dana Point show the number of new listings decreased by 7 percent compared to September 2005. Sold listings were, also, down 65 percent during the same time period and market times increased 25 days or 40 percent. The average sales price, on the other hand, increased $227,383 or 21 percent.
New listings in Laguna Beach, also, decreased by 20 percent in September, while the number of homes that sold dropped by 16 percent. Market times increased by 10 days or 16 percent. During this same time frame, the average sales price increased 96 percent or $1,685,099. This 96 percent jump in prices is most likely due to an unusual property selling and thus skewing the figures.
Laguna Niguel reported similar numbers with the number of new listings relatively unchanged compared to last year. Market times were up by 69 percent as sales dropped 22 percent. Sales prices in Laguna Niguel increased, however, by 5 percent or $43,001.
Mission Viejo continued to appreciate by 12 percent even though sales decreased by 25 percent and market times increased by 89 percent. The number of new listings increased by 11 percent.
San Clemente sales prices also saw an increase...up $14,883 or 2 percent from a year ago. the number of new listings remained the same as sales dropped 42 percent. Meanwhile, the average market time increased 38 days or 73 percent. 
San Juan Capistrano's average sales price was 3 percent higher this September compared to September 2005. New listings increased 11 percent. Market times increased 27 days or 59 percent and sales were down 42 percent. 
This is a great time to buy a home in. Interest rates remain less than 6.5 percent and there are more homes to choose from. If you are thinking of buying a home, visit EmailHome.info for a free, automated email home search. You will receive email notification of homes matching your criteria as they hit the market.
All stats are compiled from the Southern California Multiple Listing Service. Information is deemed reliable but not guaranteed.
Labels: hartanov team, orange county homes for sale, orange county real estate, orange county real estate listings
posted by The Hartanov Team at 6:00 PM
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