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Some Very Interesting Real Estate Statistics

By
Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781

Some Very Interesting Real Estate Statistics

Today the Orange County Register put out some interesting statistics they are as follows:

Orange County Median Home Price  
Note the numbers are good as the median prices are still very good compared to last year.  However the median price is lower than it was last month.

Orange County Real Estate Market Statistics

Mortgage defaults are down and the Foreclosures are up from August but down 66.3 from September.  Note that the inventory or the number of homes for sale are up giving the buyer more choice on a purchase.  Also note the interest rate came down for the buyers.  We still have prices lower that 2007 and great interest rates.

 

Comments (19)

Scott Larson
BHHS/Utah Properties - Park City, UT
Park City, Utah Real Estate News

Overall seems like a nice Healthy market Tim, a little moderation might not be a bad thing.

Oct 27, 2013 07:28 AM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Tim,

This report provides very interesting information for the area buyers and sellers - definitely on the the up trend from where it was in the past.

 

Oct 27, 2013 08:04 AM
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

this is a super market report to share with our local buyers and seller in Orange county

Oct 27, 2013 11:01 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Scott it is a very healthy market.

Oct 27, 2013 12:41 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

You are right Lisa.

Oct 27, 2013 12:42 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Mark.

Oct 27, 2013 12:43 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I saw this one yesterday in the Oragne County Register.  I like the report. 

Oct 28, 2013 01:24 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I used this to show the comparisons with the past years.

Oct 28, 2013 01:47 AM
John G. Johnston
John G. Johnston & Associates, LLC - Westcliffe, CO
An Exclusive Buyer's Agent ~ Westcliffe, CO

Tim  The small county that we are I would have to compile this information using the County Assessor's records.  GREAT report and thanks for sharing.  Buyers, investors and sellers can benefit from your expertise and knowledge of the local market.

Oct 29, 2013 03:21 AM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Tim Lorenz is the professional to see in Mission Veijo CA - contact him at (949) 282-2521. Keep up the good work! Have a nice day.

Oct 29, 2013 05:36 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you John for the comments.

Oct 29, 2013 06:17 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Will I plan to .

Oct 29, 2013 06:20 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Tim - I always love real estate charts like this because they paint a clear picture of exactly what's happening in the real estate market.

Oct 30, 2013 08:00 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Michelle

Oct 30, 2013 02:12 PM
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

Those are some eye opening market stats!  Thanks for stopping by my blog.

Nov 02, 2013 07:57 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Janne.

Nov 02, 2013 10:59 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Tim,

What a great report, and it looks like the Orange County market is looking good again.  Wishing you a great Sunday and continued success. A

Nov 03, 2013 12:40 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thanks Alexandra.

Nov 06, 2013 03:04 AM
Kristin Hamilton CA REALTOR
Berkshire Hathaway California Realty - Beaumont, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Tim,

Wow numbers are looking good in the OC area. We are certainly improving in Southern California in the past year. Have a great weekend.

Nov 08, 2013 05:20 AM