90 Percent Of Orange County Home Prices Moved Down
It is sad to see that the Orange County has suffered with 90 percent of the home have lost value when their prices have moved down. Data Quick 2010 and 2011 calender years our median price of $480,000 is down 6 percent. It is even worse news for condo owners with an 8 percent drop.
Only two zip codes had a positive up turn in both price and number of sales in the year 2011 and that was Newport Beach 92662 and Orange 92869.
The numbers are sad that we have lost 34 percent of the value since 2007.
When someone tells you the market is getting better I ask where and how that is happening.