April OC Real Estate Market On Homes From 600k To 1 Million

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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