January Orange County Real Estate Market On Property Up To 600k
February 22, 2011 by Ryan Davison · 2 Comments
Housing numbers for January have just come out, lets take a look at them now.
For sale is up 5.3% sold is down 26.8% month over month. Now sold means that the property could have been in escrow for 30-90 days or longer and just so happen to sell in January. The more accurate stat to look at is Pended, because this is property that went into escrow in the month of January. Pended is up 30.9%. The median price sits at $350,000, the same as December. Days on market is at 88. Sellers are getting about 93% of there original list price.
As far as values, this segment of the market is holding pretty steady.
Bottom line: If you find a house that you love in a neighborhood you want, jump on it. Even though reports are saying prices are going to be coming down a little bit more, interest rates are on the rise. A 1% increase in interest rates means a 10% drop in purchasing power.
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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% |
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December Orange County Real Estate Market On Property Up To 600k
January 29, 2011 by Ryan Davison · Leave a Comment
Housing numbers for December have just come out, lets take a look at them now.
For sale is down 5.1% sold is up 19.8% month over month. Now sold means that the property could have been in escrow for 30-90 days or longer and just so happen to sell in November. The more accurate stat to look at is Pended, because this is property that went into escrow in the month of December. Pended is up 4.4%. The median price sits at $350,000, $10,000 lower then last month, however that is the average dating back 15 months. Days on market is at 82 which is 1 days less then last month. Sellers are getting about 94% of there original list price.
Although prices are coming down just a bit, interest rates are going up slightly so it pretty much balances itself out. Also keep in mind that this is all of Orange County.
Bottom line: If you find a house that you love in a desirable area, jump on it. Especially in this price range, where your dealing with a lot of properties that either have multiple offers or cash from investors. As a buyer It can be frustrating and discouraging. Be patient, the home your looking for is out there, it just may take a little more time they you would like.
| 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 | 6502 | 6855 | -5.1% |
6502 | 3848 | 69% |
6778 | 3896 | 74% |
| Sold | 1671 | 1395 | 19.8% |
1671 | 1709 | -2.2% |
1543 | 1776 | -13.1% |
| Pended | 1805 | 1729 | 4.4% |
1805 | 1654 | 9.1% |
1746 | 1861 | -6.2% |
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May OC Real Estate Market For Homes 600k To 1 Million.
June 14, 2010 by Ryan Davison · Leave a Comment
The real estate market in Orange County on homes from $600,000 to $1,000,000 was very strong for the month of May. As you can see by the graph below, for sale, pended and sold are all up month over month. Days on market is at 74, 5 days more then last month. The average price per Sq. Ft is $303, there is only 1 month when that was higher 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 $769,000 no change between this month and last. Sellers are getting about 94% of their original list price!
With historically low interest rates, financing beginning to open up in the jumbo market and prices starting to reflect true values as upper end foreclosures start to mount, makes this is a great time to enter the luxury market.
Now that the tax credit has ended it will be interesting to see what happens in the next few months. Does demand continue to stay strong? Or will supply out weigh demand driving prices down? Only time will tell.
Stay tuned for tomorrow when I will look at the over 1 million market.
| 1 month | 1 year | 15 months | |||||||
| Apr 10 | May 10 | % Change | May 09 | May 10 | % Change | Mar 09 | May 10 | % Change | |
| For Sale | 2141 | 2267 | 5.9% |
2037 | 2267 | 11.3% |
2382 | 2267 | -4.8% |
| Sold | 442 | 551 | 24.7% |
435 | 551 | 26.7% |
328 | 551 | 68% |
| Pended | 657 | 678 | 3.2% |
546 | 678 | 24.2% |
401 | 678 | 69.1% |
April OC Real Estate Market For Homes Over 1 Million
June 3, 2010 by Ryan Davison · Leave a Comment
The real estate market in Orange County on homes over $1,000,000 was 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 2.6% but that’s only 5 houses. Days on market is at 100 which is the lowest it has been dating back 15 months. The average price per Sq. Ft is $492,000 which is the average going back 15 month. Pended ( property that actually sold in that month) is the highest it has been in the last 15 months 57 more then last month. The average active list price is $2,918,000. Sellers are getting about 88% of their original list price.
Historically low interest rates have definitely played a huge part in boosting this market. Take advantage of it!
| 1 month | 1 year | 15 months | |||||||
| Mar 10 | Apr 10 | % Change | Apr 09 | Apr 10 | % Change | Feb 09 | Apr 10 | % Change | |
| For Sale | 2093 | 2197 | 5% |
2732 | 2197 | -19.6% |
2569 | 2197 | -14.5% |
| Sold | 195 | 190 | -2.6% |
133 | 190 | 42.9% |
81 | 190 | 134.6% |
| Pended | 247 | 304 | 23.1% |
196 | 304 | 55.1% |
122 | 304 | 149.2% |
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April OC Real Estate Market On Homes From 600k To 1 Million
May 27, 2010 by Ryan Davison · Leave a Comment
The real estate market in Orange County on homes from $600,000 to $1,000,000 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 down10.7%. Days on market is at 69 which is the lowest it has been dating back 15 months. The average price per Sq. Ft is $303, there is only one month when that was higher going back 15 months and that was last month, which was only $1 higher. 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 $769,000. Sellers are getting about 95% of their original list price!
Historically low interest rates have definitely played a huge part in boosting this market. Take advantage of it!
Stay tuned for tomorrow when I will look at the over 1 million market.
| 1 month | 1 year | 15 months | |||||||
| Mar 10 | Apr 10 | % Change | Apr 09 | Apr 10 | % Change | Feb 09 | Apr 10 | % Change | |
| For Sale | 2046 | 2141 | 4.6% |
2185 | 2141 | -2% |
2454 | 2141 | -12.8% |
| Sold | 478 | 427 | -10.7% |
335 | 427 | 27.5% |
283 | 427 | 50.9% |
| Pended | 641 | 792 | 23.6% |
544 | 792 | 45.6% |
363 | 792 | 118.2% |
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Orange County Housing Market For Homes Up To 600k
May 14, 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 march. As you can see by the graph below, for sale, sold and pended are all up month over month. Days on market is at 74 which is average dating back 15 months. The average price per Sq. Ft is $257. There is only 1 month out of the last 15 where that was higher. Pended (property that actually sold in that month) is the highest it has been in the last 15 months. The average active price is $362,000 and that is also the highest it has been in the last 15 months.
| 1 month | 1 year | 15 months | |||||||
| Feb 10 | Mar 10 | % Change | Mar 09 | Mar 10 | % Change | Jan 09 | Mar 10 | % Change | |
| For Sale | 4508 | 4824 | 7% |
6795 | 4824 | -29% |
8293 | 4824 | -41.8% |
| Sold | 1361 | 1752 | 28.7% |
1784 | 1752 | -1.8% |
1363 | 1752 | 28.5% |
| Pended | 2107 | 3005 | 42.6% |
2247 | 3005 | 33.7% |
1687 | 3005 | 78.1% |
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Real Estate Market In Orange County
April 29, 2010 by Ryan Davison · Leave a Comment
The real estate market in Orange County was looking very strong for the month of March. From February to March, for sale, sold and pended are all up! (Pended is property that actually sold in that month) As you can see by the graph at the bottom of the page, across the board both sold and pended are up. Days on market is sitting right at 77 which is the average going back 15 months. Homeowners are getting about 93% of the homes original list price and the average price per Sq.Ft is $307. The average sold price is $544,000. As you can see this is still a strong market.
Below I have listed some things to keep an eye on if your thinking about buying or selling in the near future.
The Fed has been out of the mortgage market for about 2 weeks now and rates have already gone up 1/4 of a percent.
It’s very important to keep an eye on what the rates do, both for buying and selling purposes. A 1% increase in rates can reduce buying power by 10%!
Sellers: You may have to come down 10% in your pricing to bring buyers back.
Buyers: If interest rates do go up, and your buying power is cut by 10% you will have to look at a lesser property in a lesser neighborhood. With dozens of loan types and down payments as low as 3.5% this could the best time for you to buy a home.
| 1 month | 1 year | 15 months | |||||||
| Feb 10 | Mar 10 | % Change | Mar 09 | Mar 10 | % Change | Jan 09 | Mar 10 | % Change | |
| For Sale | 8310 | 8963 | 7.9% |
11910 | 8963 | -24.7% |
13175 | 8963 | -32% |
| Sold | 1812 | 2398 | 32.3% |
2226 | 2398 | 7.7% |
1678 | 2398 | 42.9% |
| Pended | 2834 | 4016 | 41.7% |
2795 | 4016 | 43.7% |
2132 | 4016 | 88.4% |
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