Tuesday, April 7, 2015

WHAT ARE THE ACTUAL NUMBERS

Homes listed as of March 26th -- 5,429 -- That is down from 5,560 just two weeks earlier.  When you consider that the 1 Million-plus market equals 33.4% of all listings, the inventory on a median priced home is even tighter.  Notices of Default were at 385 for February, up 12.2% from January's 343, but significantly lower than the recession and the 3 years post recession.  There were only 93 actual foreclosures for the month of February in all of Orange County, signifying a very healthy housing market.  The total number of sales for March, the latest complete month available, was 2,074.  Single-family was 1,305 of that total, condos came in at 553 and new homes comprised 216 to complete the total.  The median price for all homes was $590,750 which was up 4.2% for the same month the year before.  The resale median was $640,000, which was up 3.1% for March, compared to March 2014.  Condos came in at $407,000 and that was a 5.8% increase.  New homes, always the highest, followed suit at $909,000, which was a 16.4% increase over the same period of 2014.  (Source: Dataquick)

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