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Orange County Real Estate Market Update
October 2007

What are the latest market trends in the South Orange County Market? Let's take a look at the September sales statistics for Orange County, California to get a better idea of what the future may hold for this area.

September figures for Dana Point show the number of new listings decreased 35 percent compared to September 2006. Sold listings increased by 50 percent during the same time period. Market times increased 63 days or 72 percent. The average sales price increased 32 percent to $1,736,203. 

New listings in Laguna Beach decreased by 25 percent in September and the number of homes that sold increased by 15 percent. Market times climbed 14 percent. The average sales price decreased 58 percent to $1,464,831.

Laguna Niguel reported a 26 percent decrease in new listings in September 2007 compared to September 2006. Market times were down by 2 percent as the number of homes sold dropped 39 percent. The average sales price in Laguna Niguel showed a decrease of 16 percent bringing the average sales price to $744,787.

Mission Viejo's average sales price dropped 11 percent to $673,800, while sales decreased by 47 percent and market times increased less than 1 percent. The number of new listings decreased by 20 percent.

The San Clemente average sales price dropped 1 percent compared to September 2006, bringing the average price to $951,125. The number of new listings decreased 13 percent, while sales decreased 37 percent. Meanwhile, the average market time increased 6 percent, with average market times of 97 days vs. 90 days in 2006.

San Juan Capistrano's average sales price increased 24 percent this September, bringing the average price to $1,065,217. The number of new listings declined by 15 percent, but market times increased 29 days or 40 percent, while sales decreased 38 percent.

• May 2007 Real Estate Market Update
• March 2007 Real Estate Market Update
• 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

Current Real Estate Market Trends

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