Monday, August 18, 2014
WHAT WERE THE ACTUAL NUMBERS?
Orange County saw its
median price for ALL homes rise to $600,000, up 10% from the same month of
2013. (All figures are from June
of 2014, the last complete month available.) The resale median was $650,000, up 6.6% and condo price was
$400,000, up just 4.2%. The total
number of sales was 3,309, just barely off the 2013 pace (1.2%), showing a
strong second quarter gain in volume.
The break down was as follows:
1) Resale - 1,963 2) Condos
- 893 3) New Homes - 453. Note
that the increase in the median price for a condo was substantially less than
single-family.
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