Orange County Home Prices Moved Down In 90 Percent Of The Area

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Real Estate Agent with Elite Home Sales Team OC BRE# 02066030

 Orange County Home Prices Moved Down In 90 Percent Of The Area

This is a sad state of affairs.  It is sad to see that Orange County has suffered with 90 percent of the home have lost value when their prices have moved down. Data Quick compaired 2010 and 2011 calender years and found  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.

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Rainer
86,949
Diane Grady
Endless Summer Realty - Saint Augustine, FL

Wow! That is terrible news. I am hoping that things pick up there with your prices. We are starting to level out here in Saint Augustine Florida. Thank goodness!

Feb 12, 2012 01:36 PM #1
Rainmaker
3,204,743
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Ironically that is a pay cut for all the ancillary businesses that depend on Real Estate, such as Title Insurance, Escrow and Real Estate Co. to name a few.

Feb 12, 2012 02:14 PM #2
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Diane

It has not been an easy ride.

Feb 12, 2012 02:29 PM #3
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Endre

It is a sever pay cut.  So much so that many companies have gone out of business.

Feb 12, 2012 02:30 PM #4
Rainmaker
4,443,942
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Well, we hope things get better for you and everyone else in Real Estate World, I have a feeling they are going to. A

Feb 12, 2012 04:58 PM #5
Rainmaker
665,152
CA COASTAL ESTATES Lauren Selinsky Perez CRS
California Coastal Estates - Aliso Viejo, CA
"Your Real Estate Broker" #oclauren

Prices may be down, but there are plenty of sales... Here in CA. 2011 was my busiest year! 

Feb 12, 2012 07:20 PM #6
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I feel we have a big change about to happen.

Feb 13, 2012 03:24 AM #7
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Prices may level off and sales may increase.  With short sales we have no move up buyer.

Feb 13, 2012 03:25 AM #8
Rainmaker
507,032
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Mark, it has certainly been tough, but I also believe there are positive signs on the horizon. Be well.

Cal

Feb 17, 2012 09:05 PM #9
Rainmaker
508,942
C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

Good Evening Mark:

Excellent report for the residents of Orange County. Keep up the good work

Feb 22, 2012 02:26 PM #10
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Cal

From your lips to God's ears.

Feb 29, 2012 12:09 AM #11
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

C. Lloyd

Thank you again.

Feb 29, 2012 12:09 AM #12
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