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 |
New |
Sold |
Average |
Average |
|
February 2007 |
77 |
20 |
$923,120 |
108 |
|
February 2006 |
83 |
39 |
$1,123,892 |
78 |
|
Laguna |
New |
Sold |
Average |
Average |
|
February 2007 |
64 |
23 |
$2,249,656 |
110 |
|
February 2006 |
60 |
23 |
$1,903,646 |
70 |
|
Laguna |
New |
Sold |
Average |
Average |
|
February 2007 |
140 |
54 |
$798,209 |
110 |
|
February 2006 |
213 |
61 |
$856,530 |
62 |
|
Mission |
New |
Sold |
Average |
Average |
|
February 2007 |
287 |
98 |
$700,853 |
91 |
|
February 2006 |
345 |
113 |
$710,461 |
56 |
|
San |
New |
Sold |
Average |
Average |
|
February 2007 |
162 |
43 |
$1,037,118 |
118 |
|
February 2006 |
181 |
49 |
$1,285,251 |
60 |
|
San Juan |
New |
Sold |
Average |
Average |
|
February 2007 |
72 |
16 |
$1,164,175 |
96 |
|
February 2006 |
86 |
27 |
$904,481 |
50 |
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