Orange County Home Sales Coasting Into 2007?

Existing home sales are expected to coast into 2007 at roughly the same level as 2006, according to the National Association of Realtors®. Even though exisitng home sales are expected to fall 8.6 percent this year, 2006 remains third-best year on record. Is this is what is happening in Orange County? Figures show home sales to be down across the board compared to 2005. Some home prices are up and some are down.

October figures for Dana Point show the number of new listings remained relatively the same compared to October 2005. Sold listings were down 30 percent during the same time period and market times increased 8 days or 14 percent. The average sales price, on the other hand, decreased $272,739 or 19 percent.


New listings in Laguna Beach increased by 5 percent in October, while the number of homes that sold dropped by 20 percent. Market times increased by 73 days or 155 percent. During this same time frame, the average sales price increased less than 1 percent. This small increase follows a 96 percent increase in prices in September.


Laguna Niguel reported 26 more new listings realtively than 2005, a 27 percent increase. Market times were up by 67 percent as sales dropped 22 percent. Sales prices in Laguna Niguel decreased by 14 percent or $121,367.

Mission Viejo continued to appeciate by 6 percent even though sales decreased by 22 percent and market times increased by 72 percent. The number of new listings increased by 6 percent.

San Clemente sales prices experienced an increase in October...up $101,335 or 11 percent from a year ago. The number of new listings was down by 20 percent, while sales dropped 29 percent. Meanwhile, the average market time increased 32 days or 62 percent.

San Juan Capistrano's average sales price was 4 percent lower this October compared to October 2005. New listings were also lower by 3 percent. Market times increased 19 days or 32 percent and sales were down 4 percent.

Buyers will want to have the expertise, knowledge and experience of a professional who is familiar with all Orange County communities so as not to overpay for a home. We have the credentials needed by today's savvy buyers, so give us a call or send us an email. We are here to help!

Also, 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.

Home prices level off

A growing number of sellers are keeping their homes, or renting them out resulting in fewer homes on the market...one of the signs the housing market is moderating. Other signs include a leveling off in home prices and smaller drop in sales. The median price of an Orange County home is down just $1000.00 from September, yet up 3.1% from the same period last year, according to Data Quick Information Systems Read more...

Visit our website to view all Orange County real estate listings, get the current market value of your home and more.

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.

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.

First Pumpkin Patch For Irvine Park

Time is running out to visit the Irvine Park Railroad's first ever Pumpkin Patch. Take a train ride around the pumpkin patch, which is complete with haystacks, cornstalks, antique tractors and wagons, picture stands, and so much more. There is plenty for kids including a special pumpkin bounce house as well as a hay maze. In addition, there is face painting every weekend and fresh popped popcorn and cotton candy. Also, be sure to visit us on the last Saturday in October for the special costume contest and costume parade. Details...

After a fun day with the kids, when you thoughts drift to buying orange county real estate, visit EmailHome.info for a free automated email home search of all orange county real estate listings.