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Orange County Real Estate Market Update
February 2007

The National Association of Realtors reports consumers are responding to more favorable housing market conditions and are expecting sales to gradually rise throughout 2007. Time will tell whether or not this holds true locally, but it appears that Orange County will follow this trend as the number of pending sales of homes in many communities is currently increasing. Let's take a look at January statistics.

January 2007 figures for Dana Point show the number of new listings increased 18 percent compared to January 2006. Sold listings were down 31 percent during the same time period and market times increased 27 days or 40 percent. The average sales price increased by $11,535 or 1 percent.

Dana Point	New Listings	Sold Listings	Average Sales price	Average DOM
January 2007	103	22	$1,047,231	95
January 2006	87	32	$1,035,696	68

New listings in Laguna Beach increased by 29 percent in January 2007, while the number of homes that sold dropped by 38 percent. Market times increased by 27 days or 35 percent. During this same time frame, the average sales price increased 46 percent to $2,136,750.

Laguna Beach	New Listings	Sold Listings	Average Sales Price	Average DOM
January 2007	55	16	$2,136,750	105
January 2006	78	26	$1,467,596	78

Laguna Niguel reported 10 percent fewer new listings in January 2007 compared to January 2006. Market times were up by 78 percent as the number of homes sold dropped 8 percent. Sales prices in Laguna Niguel showed a strong gain of 21 percent with the average sales price of $915,231.

Laguna Niguel	New Listings	Sold Listings	Average Sales Price	Average DOM
January 2007	181	45	$915,231	87
January 2006	202	49	$758,983	49

Mission Viejo average sales price declined 2 percent to $700,123, while sales decreased by 34 percent and market times increased by 71 percent. The number of new listings decreased by 11 percent.

Mission Viejo	New Listings	Sold Listings	Average Sales Price	Average DOM
January 2007	298	72	$700,123	89
January 2006	334	109	$713,075	52

The San Clemente average sales price increased 14 percent to $1,108,520, compared to January 2006. The number of new listings was up by 8 percent, while sales dropped 37 percent. Meanwhile, the average market time increased 35 days or 52 percent.

San Clemente	New Listings	Sold Listings	Average Sales Price	Average DOM
January 2007	188	38	$1,108,520	102
January 2006	174	60	$968,527	67

San Juan Capistrano's average sales price, also, increased 29 percent this January, rising to $1,164,175. New listings were lower by 16 percent. Market times increased 46 days or 92 percent and sales were down 41 percent.

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

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

• 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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