Sunday, August 5, 2012

WHAT WERE THE ACTUAL NUMBERS?

The median price for a home for Orange County was $488,000, which was down just 1.4% from 2011, indicating the bottom of the market and a nearly stable market as well.  There were2,038 closed sales of single family resale and that was up 16.8% from the previous year, month over month.  When you add in condos and new home sales, the grand total is 3,059 and that is up 14.1% from the previous year.  There were 1,214 Notices of Default filed, down almost 25% from 2011 monthly totals and Notices of Trustee Sale, the last notice prior to foreclosure plummeted down to fewer than 1,000, after totaling nearly 1,750 month after month in 2011.

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