December Orange County Real Estate Market On Property 600k to 1 million
February 4, 2011 by Ryan Davison · Leave a Comment
Lets take a look at numbers for December on homes 600k to 1 million.
For sale is down 14.3% sold is up 3.8% and pended is down 1.2% however, that is only 5 properties less then last month. The median is $720,000, no change over last month. Days on market is at 94. Sellers are getting 92% of there original list price. Months of inventory is one of the lowest going back 15 months.
Although december is typically a slow month the number of properties that went into escrow (Pended) were only down by 5 properties. I still see this segment of the market as relatively strong.
| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | |||||||
| Dec. 10 | Nov. 10 | % Change | Dec. 10 | Dec. 09 | % Change | Oct. 10 to Dec. 10 | Oct. 09 to Dec. 09 | % Change | |
| For Sale | 1882 | 2197 | -14.3%  |
1882 | 1543 | 22%  |
2162 | 1672 | 29.3% |
| Sold | 387 | 373 | 3.8% |
387 | 474 | -18.4% |
379 | 465 | -18.4% |
| Pended | 412 | 417 | -1.2% |
412 | 375 | 9.9% |
414 | 446 | -7.2% |
Related articles
- December Orange County Real Estate Market On Property Up To 600k (ryandavison.com)
April OC Real Estate Market On Homes Up To 600k
May 25, 2010 by Ryan Davison · Leave a Comment
The real estate market in Orange County for homes up to $600,000 was very strong for the month of April. As you can see by the graph below, for sale, and pended are all up month over month, however sold is down 7.4%. Days on market is at 76 which is on the high side by only a week, dating back 15 months. This is because the houses that are for sale have gone up 5.5%. The average price per Sq. Ft is $260, $3 higher then last month and the highest it has been dating back 15 months. Pended ( property that actually sold in that month) is also the highest it has been in the last 15 months. The average active price is $364 the highest it has been in the last 15 months, 2$ higher then last month. Sellers are getting about 97% of their original list price!
If you are a buyer in this price range you only have about 3% negotiation room. Also a lot of times there will be multiple offers on a house and sometimes for more then the asking price. Be patient you may have to write a couple of offers until you get what you want.
When it comes time to write the offer make sure you have everything you need to make a strong offer. Bank statements, credit score, pre-qualification or pre- approval letter, and any special requests the selling agent may have.
FYI: This is the whole Orange County area, each area is different, please contact me if you would like me to run a report on a specific area.
| 1 month | 1 year | 15 months | |||||||
| Mar 10 | Apr 10 | % Change | Apr 09 | Apr 10 | % Change | Feb 09 | Apr 10 | % Change | |
| For Sale | 4824 | 5089 | 5.5% |
5309 | 5089 | -4.1% |
7928 | 5089 | -35.8% |
| Sold | 1813 | 1678 | -7.4% |
1804 | 1678 | -7% |
1382 | 1678 | 21.4% |
| Pended | 2637 | 3113 | 18.1% |
2309 | 3113 | 34.8% |
1763 | 3113 | 76.6% |
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