January, 2011 Home Sales in Orange and Orange Park Acres, California
January, 2011 home sales in Orange were off from the December closings and down year over year. Inventory is also up. The good news is that the number of homes in Escrow at the end of January improved over the month before.
There were 64 total closed sales in Orange and Orange Park Acres in January. Of the total, 43 were single family residences.
As of the end of the year 2010, there were 441 properties in active status and 160 total properties in either "Back-up" or "Pending" sale status.
As January came to a close, there were 471 total properties on the market in Orange/OPA and 191 in Escrow. So although inventory is up almost 7%, the "sales in progress" are up over 18%.
Of particular note in this month's numbers is the price point data. Of the 64 closed transactions, only 8 homes in Orange sold for more than $600,000. and only 4 of these were above $800,000. This translates into very different "absorption rates" depending on the price of the home.
If you are thinking of selling and would like more information about home sales in and around Orange, California or specific Market Trends information for your area, contact me today.
Ann Delligatta First Team Real Estate 714.253.9900 AnnDelligatta@FirstTeam.com www.RightHomeForMe.com Integrity, Service, Results!
Note: This blog addresses a specific, local market. Contact me today for a detailed view of what is happening in YOUR local area.
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