Tuesday, May 31, 2016

WHAT WERE THE ACTUAL NUMBERS?


The numbers for March, the last complete month, are available.  The median price in OC was $625,000, third highest since the recession. The all time high was $645,000 in June of 2007.  If appreciation goes up 4% through June, we could see a median price of $653,640.  The total number of sales for March was 3,181, the highest number of sales in the last 6 months and the best March since 2006.  Orange County saw 430 new homes close escrow and that was up 26.5% from March of 2015.  Single-family and condo resale numbers hit 2,751.  Days needed on the market to sell if you were listed at $750,000 or less was just 37 days.  Monthly mortgage payment averages hit $2,962.  As of mid-April, apartment rents hit an average of $1,753; obviously single-family homes and condos traditionally rent much above that number depending on bedrooms and lot sizes etc. 

1 comment:

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