OC Home Prices on the Rise! / Lance with Prominent Escrow Services

OC Home Prices up 5.9% versus Last Year…

OC Register, October 23rd, 2012

Highlights of Data-Quick’s Orange County home-buying report. For the 22 business days ending October4th, 2012

• Median selling price for all residences of $450,000 — that is up 5.9% vs. a year ago.
• Total Orange County sales of 2,977 residences closed in the latest period — that is up 16.2% vs. a year ago.
• SFR were up 15.1% versus last year; condo sales rose 19.9% vs. year ago. Builders’ new homes sales were 13.1% higher

Here’s the breakdown of recent activity by key category; included is how the latest results compare to the average monthly sales pace from 1988 through 2011:

Slice	Price	Price vs. year ago	Sales	Sales vs. year ago	Sales vs. ’88-’11 avg.
Houses	$510,000	+5.2%	2,010	+15.1%	-9.9%
Condos	$308,000	+15.4%	803	+19.9%	-6.1%
New	$679,000	+12.4%	164	+13.1%	-67.9%
All O.C.	$450,000	+5.9%	2,977	+16.2%	-17.2%

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