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.