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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