Stats from the 22 business days ended Oct. 21 shows that shoppers bought 2,693 Orange County homes. That is 56.3% above the year ago period that was ravaged by a credit crunch that just was hitting home loans. 29 of 83 Orange County ZIP codes - roughly 1-in-3 - saw sales volume double or more in this period vs. a year ago.
Best? Santa Ana's 92703, up 575%! Oh, by the way it took pricing 53.3% below a year ago to get that sales pop. O.C. median selling price of $417,500. That is down 26.6% vs. a year ago and 35% below June 2007's peak of $645,000. Ouch, a loss of $227,500!
The last time the median was lower? June 2003 - when the Fed stopped its 1% money policy of the early part of this decade. (By the way: Fed's back at 1% now!)
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