Current OC Real Estate Trends

Thinking of selling or buying in Orange County? Here are some interesting numbers comparing the first 6 months of 2014 and 2015.

Home Prices

  • Resale Homes +4.3%
  • Resale Condos +3.8%
  • New Home Sales +6.8%

All totaled, OC home values are up 3.4% Jan-June versus last year

Sales Volume

  • Resale Homes +11.0%
  • Resale Condos +10.7%
  • New Home Sales -18.2%

All totaled, OC sales volume is up 7.2% Jan-June versus last year

Facts

  • Median OC home price is $600,000, up from $580,000 a year ago
  • Sales Volume is 18,014, versus 16,806 Jan-June one year ago
  • Inventory is 6,935, up from 6,534 just one month ago
  • $1,000,000 plus homes represent 33.6% of all OC listings
  • Average Days on Market 2.47 months (74 days)
  • Median price per square foot is $376.45, 4.9% higher versus last year
  • OC Real Estate employs 1 out of every 7 workers
  • OC Median household income is $75,400

Trends

  • Short Sales/Foreclosures; 190, down from 211 two weeks ago
  • Home ownership at its lowest point in 19 years (64.8%)
  • Highest price increase: Santa Ana, 92701, +35.2%, Jan-June versus last year
  • 2nd Highest price increase: Newport Coast, 92657, +29.6%, Jan-June versus last year
  • 3rd Highest price increase: Irvine, 92614, +23.8%, Jan-June versus last year
  • New home pricing and volume have shown continued growth

​Santa Ana is the OC city with the highest housing price increase! Did you guess right?

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