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Orange County - Statistical Data for August 09 Single Family - Condo only | Sold Units | For Sale Propereties | Under Contract | | Month | Median | Units | Median | Units | Median | Units | | Price | Sold | Price | For Sale | Price | U.C | | Sep-09 | $ 440,750 | 2,360 | $ 549,000 | 13,453 | $ 425,000 | 3,072 | | Aug-09 | $ 435,000 | 2,305 | $ 545,000 | 14,425 | $ 430,000 | 3,946 | | Jul-09 | $ 429,000 | 2,564 | $ 530,000 | 15,145 | $ 423,400 | 2,750 | | Jun-09 | $ 430,000 | 2,477 | $ 525,000 | 15,634 | $ 419,000 | 2,829 | | May-09 | $ 412,000 | 2,281 | $ 515,000 | 15,889 | $ 435,000 | 2,487 | | Apr-09 | $ 384,000 | 2,099 | $ 505,000 | 16,273 | $ 429,000 | 2,575 | | Mar-09 | $ 382,000 | 2,081 | $ 499,000 | 16,810 | $ 385,000 | 2,448 | | Feb-09 | $ 375,000 | 1,633 | $ 479,000 | 16,335 | $ 385,000 | 1,941 | | Jan-09 | $ 368,175 | 1,552 | $ 475,000 | 16,234 | $ 385,000 | 1,840 | | Dec-09 | $ 385,000 | 2,129 | $ 475,000 | 16,585 | $ 379,919 | 1,791 | | Nov-08 | $ 385,000 | 1,861 | $ 480,000 | 17,578 | $ 399,000 | 1,778 | | Oct-08 | $ 420,000 | 2,371 | $ 480,000 | 19,015 | $ 389,900 | 2,178 | | Sep-08 | $ 426,750 | 2,247 | $ 490,000 | 19,928 | $ 419,900 | 2,269 | | Aug-08 | $ 440,000 | 2,457 | $ 499,000 | 20,563 | $ 439,900 | 2,382 |
| New Listings | Supply Demand | % Sold | | Month | Median | Listring | Units | Units | | | Price | Units | For Sale | Sold | | | Sep-09 | $ 465,000 | 3232 | 13,453 | 2,360 | 17.54% | | Aug-09 | $ 479,900 | 3,341 | 14,425 | 2,305 | 15.98% | | Jul-09 | $ 478,750 | 3,614 | 15,145 | 2,564 | 16.93% | | Jun-09 | $ 479,950 | 3,454 | 15,634 | 2,477 | 15.84% | | May-09 | $ 475,000 | 3,420 | 15,889 | 2,281 | 14.36% | | Apr-09 | $ 479,000 | 3,419 | 16,273 | 2,099 | 12.90% | | Mar-09 | $ 479,900 | 3,789 | 16,810 | 2,081 | 12.38% | | Feb-09 | $ 459,000 | 3,441 | 16,335 | 1,633 | 10.00% | | Jan-09 | $ 459,000 | 3,757 | 16,234 | 1,552 | 9.56% | | Dec-09 | $ 395,000 | 2,377 | 16,585 | 2,129 | 12.84% | | Nov-08 | $ 429,000 | 2,844 | 17,578 | 1,861 | 10.59% | | Oct-08 | $ 429,900 | 3,650 | 19,015 | 2,371 | 12.47% | | Sep-08 | $ 441,750 | 3,807 | 19,928 | 2,247 | 11.28% | | Aug-08 | $ 468,400 | 3,780 | 20,563 | 2,457 | 11.95% |
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Home sales increased 2.1 percent in September in California compared with the same period a year ago, while the median price of an existing home declined 7.3 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
“The market’s momentum continued in September, as many home buyers took advantage of the federal tax credit for first-time home buyers,” said C.A.R. President James Liptak. “The success of the federal tax credit is clear. Nearly 70 percent of first-time home buyers report that the tax credit was ‘the most important’ or a ‘very important’ factor in their decision to buy a home.
“C.A.R. is calling for the U.S. Senate to swiftly adopt the Dodd-Lieberman-Isakson amendment, which would extend the federal tax credit through June 30, 2010, remove the first-time buyer requirement and extend the credit to all home buyers, and increase the qualifying income limits so more families are eligible for the credit.”
Closed escrow sales of existing, single-family detached homes in California totaled 530,520 in September at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local REALTOR® associations statewide. Statewide home resale activity increased 2.1 percent from the revised 519,530 sales pace recorded in September 2008. Sales in September 2009 increased 0.6 percent compared with the previous month.
The statewide sales figure represents what the total number of homes sold during 2009 would be if sales maintained the September pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
The median price of an existing, single-family detached home in California during September 2009 was $296,090, a 7.3 percent decrease from the revised $319,310 median for September 2008, C.A.R. reported. The September 2009 median price rose 1.1 percent compared with August’s $292,960 median price.
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