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Orange County Real Estate Market Update
March 2007

FreddieMac.com reports interest rates have been inching down for the past three weeks. This is icing on the cake for Orange County home buyers who are benefiting from a moderately slower housing market. Sellers haven't been left out in the cold, however, as prices continue to rise in many Orange County communities. Here are the numbers:

February figures for Dana Point show the number of new listings increased 7 per cent compared to February 2006. Sold listings were down 45 percent during the same time period and market times increased 40 days or 57 per cent. The average sales price decreased by $200,772 or 16 percent.

Dana Point	New Listings	Sold Listings	Average Sales price	Average DOM
February 2007	77	20	$923,120	108
February 2006	83	39	$1,123,892	78

New listings in Laguna Beach increased by 2 per cent in February, while the number of homes that sold dropped by 11 per cent. Market times increased by 48 days or 75 per cent. During this same time frame, the average sales price increased 18 per cent to $2,249,656.

Laguna Beach	New Listings	Sold Listings	Average Sales Price	Average DOM
February 2007	64	23	$2,249,656	110
February 2006	60	23	$1,903,646	70

Laguna Niguel reported 17 per cent fewer new listings in February 2007 compared to February 2006. Market times were up by 63 per cent as the number of homes sold dropped 13 per cent. The average sales price in Laguna Niguel showed a decline of 7 per cent with the average sales price of $798,209.

Laguna Niguel	New Listings	Sold Listings	Average Sales Price	Average DOM
February 2007	140	54	$798,209	110
February 2006	213	61	$856,530	62

Mission Viejo's average sales price declined 1 per cent to $700,853, while sales decreased by 12 per cent and market times increased by 97 per cent. The number of new listings decreased by 10 per cent.

Mission Viejo	New Listings	Sold Listings	Average Sales Price	Average DOM
February 2007	287	98	$700,853	91
February 2006	345	113	$710,461	56

The San Clemente average sales price decreased 19 per cent or $248,133, compared to February 2006, bringing the average price to $1,037,118. The number of new listings was down by 10 per cent, while sales dropped 12 per cent. Meanwhile, the average market time increased 58 days or 97 per cent.

San Clemente	New Listings	Sold Listings	Average Sales Price	Average DOM
February 2007	162	43	$1,037,118	118
February 2006	181	49	$1,285,251	60

San Juan Capistrano's average sales price increased 8 per cent this February, rising to $960,638. New listings were lower by 18 per cent. Market times increased 19 days or 27 per cent, but sales increased 13 percent.

San Juan Capistrano	New Listings	Sold Listings	Average Sales Price	Average DOM
February 2007	72	16	$1,164,175	96
February 2006	86	27	$904,481	50

All stats are compiled from the Southern California Multiple Listing Service. Information is deemed reliable but not guaranteed.

• February 2007 Real Estate Market Update
• January 2007 Real Estate Market Update
• December 2006 Real Estate Market Update
• November 2006 Real Estate Market Update
• October 2006 Real Estate Market Update

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