Orange County CA Home Sales Positive Numbers during August 2011

 

Positive numbers at Orange County CA home selling market during August 2011 are encouraging.

However, Orange County housing markets remain unstable, and it's hard to tell what is an anomaly or start of a positive trend.

• 2,780 OC homes sold during August 2011, which is up 9.5 percent from August 2010.  
• 1,834 detached single family homes sold during August 2011, which is up 13.1 percent from last year.
• 793 condo homes were resold during August 2011, which is about the same as last year. 
• 153 new homes were sold (5.5 percent of total sold market).
• Sales of homes over $700k was down more than 10 percent from last year.
• Median OC home sold price at $420k is lowest in five years.

Inventory of homes listed for sale over $700k is rising, and average time to sell in this range increased and favors buyers.

Orange County CA is like other local areas in California and depends upon jobs and good employment opportunities for residents and property owners.  We have a low unemployment rate compared to other counties, but it's still too high.

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Harrison K. Long - solutions for real estate and business - REALTOR® and broker associate, GRI - Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com(email) - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs® - also now serving as an appointed director at the California Association of REALTORs®

    

Source of some information is OCRegister.com, and this is not the providing of legal or tax services.  For more information about property values at Orange County and your local community, please contact us at 949-854-7747 - Thanks 

Posted via email from Explore OC Homes