Thursday, December 29, 2011

Home Prices Dip In 62 Of 83 Orange County Zip Codes

For calendar month November — DataQuick’s freshest stats — the Orange County real estate market had homebuying patterns showing:

62 of O.C.’s 83 ZIP codes with declines in their respective median selling price. Overall, buyers’ prices were -8.0% vs. a year ago.
Taking sales volume in consideration, home-sale pricing is up in ZIPs representing 79% of the Orange County market.
5 of 83 O.C. ZIPs with median sales prices above $1 million in the period vs. 11 million-dollar ZIPs when the county median price peaked in June 2007. Since that pricing pinnacle, there’s been a 38% drop in the countywide median price!
Current million-dollar ZIPs were 3% of all sales in the most recent period tracked.
There were 4 ZIPs with medians under $250,000 vs. 4 a year ago. ZIPs with medians under a quarter million had 4% of all sales in the most recent period.
42 of 83 O.C. ZIPs had year-over-year sales declines in the period — or 51% of the market.
Overall, countywide sales were up 1.8% vs. a year ago.
4 of 83 O.C. ZIPs has sales gains of 100% or more in the period at the same time as 1 had sales drops greater than 50%!
NOTE! 7 local ZIPs had both sales gains and price gains in the period. (Highlighted in green below!) These double-gainers had combined sales volume equal to 9% of the Orange County market.

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