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September 2009 Real Estate Active in Orange, CA

By
Real Estate Agent with Seven Gables Real Estate

September 2009 Sales in Orange 

$500,000-$1,000,000 

For just the month of September in the city of Orange, in the price range $500,000-$1,000,000The active inventory is 112 properties, with the average price atAverage List Price /$ per sq. ft.:    ($709,481/2480 sq. ft.) or $286.08 per sq. ft

Between the price range of $500,000-$1,000,000 there are 39 properties that went under contract.

 

  • There are 15 properties in "Back Up"-
  • Average List Price /$ per sq. ft.: ($709,481/2541 sq. ft) $286.08 per sq. ft.

 

  • There are 20 properties in "Pending Sales" (Contingencies Removed)
  • Average List Price /$ per sq. ft.: ($650,100/2436sq/ ft),  $266.87  per sq. ft.

 

Sold and Closed

  • There are 4 properties that have sold and closed for September
  • Average List Price /$ per sq. ft.: ($661,875/3250 sq/ ft),  $203.65  per sq. ft.

 

The sales prices and $ per sq. foot for both the Back-ups and Pending sales will be less than above once these properties actually close escrow and we see what they sold for.

$1,000,000 +

  • Above $1,000,000-one million dollars there are 53 Active Listings.
  • Average List Price /$ per sq. ft.: ($1857,018/4645 sq/ ft),  $399.00  per sq. ft.

 

  • Above $1,000,000-one million dollars-just one property is under contract as "Back-Up"
  • Average List Price /$ per sq. ft.: ($1,900,000/5000 sq/ ft),  $380.00  per sq. ft.

This would mean at one sale per month over 1,000,000 it would take 53 months to sell off all of the inventory.

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Comments (1)

Anonymous
Amanda Wernick

Lesslie!  You always have such WONDERFUL information, and I thank you so much for sharing it with us all! 

Oct 13, 2009 09:50 AM
#1