Thursday, July 19, 2012
WHAT WERE THE ACTUAL NUMBERS?
The median price for a home for Orange County was $488,000, which was down just 1.4% from 2011, indicating the bottom of the market and a nearly stable market as well. There were2,038 closed sales of single family resale and that was up 16.8% from the previous year, month over month. When you add in condos and new home sales, the grand total is 3,059 and that is up 14.1% from the previous year. There were 1,214 Notices of Default filed, down almost 25% from 2011 monthly totals and Notices of Trustee Sale, the last notice prior to foreclosure plummeted down to fewer than 1,000, after totaling nearly 1,750 month after month in 2011.
Labels:
Kasia Cordova,
Ladera Ranch Real Estate
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