Orange County Home-Buying up 26% in Mid-November…

Source: OC Register, 12/2/2012

Highlights of Data-Quick’s Orange County home-buying report. For the 22 business days ending Nov. 13, 2012

• Total Orange County sales of 3,178 residences closed in the latest period — that is up 25.7% vs. a year ago.

·         Median selling price for all residences of $459,000 — that is up 12.4% vs. a year ago.

• Re-sales of single family homes were up 24.9% versus last year
• Condo sales rose 28.4% vs. year ago.
• Builders’ new homes sales were up 22.6% higher in the same period.
• Note: 49 of 83 Orange County ZIPs had both rising sales and prices in the period.

Here’s the breakdown of recent activity by key category; included is how the latest results compare to the average monthly sales pace from 1988 through 2011:

Slice	Price	Price vs. year ago	Sales	Sales vs. year ago	Sales vs. ’88-’11 avg.
Houses	$520,000	+15.6%	2,073	+24.9%	-7.0%
Condos	$300,000	+13.1%	899	+28.4%	5.2%
New	$644,500	+10.9%	206	+22.6%	-59.7%
All O.C.	$459,000	+12.4%	3,178	+25.7%