WHAT WERE THE ACTUAL NUMBERS?
Orange County saw its median price for ALL homes rise to $600,000, up 10% from the same month of 2013. (All figures are from June of 2014, the last complete month available.) The resale median was $650,000, up 6.6% and condo price was $400,000, up just 4.2%. The total number of sales was 3,309, just barely off the 2013 pace (1.2%), showing a strong second quarter gain in volume. The break down was as follows: 1) Resale - 1,963 2) Condos - 893 3) New Homes - 453. Note that the increase in the median price for a condo was substantially less than single-family.
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