Orange Real Estate Market Comparison Report (february 2009 Vs. February 2010)

We analyze several housing market indicators in order to present an in-depth breakdown

of Orange Real Estate Market comparing February 2009 to February 2010.

Summary of Key Points

Orange Real Estate has started showing signs of improvement with median sales price climbing .However Median days on market increased and Sellers received way less than asking price.

Key Statistics, Orange, CA: Median Sales Price (9.21%), Median Days on Market (120.79%), and Number of Units Sold (-27.14%), Sales Price to List Price Ratio (Feb 09 97% - Feb 10 87%)

Orange Real Estate

The city of Orange experienced a 9.21% increase in median sales price from last year going up from $480,781 (Feb. 09) to $525,084 (Feb. 2010). Median days on market data for Orange shows that houses are selling slower than Feb 09. It took 45 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 98 days (a 120.79% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 70 units were sold compared to 51 for Feb 10 (-27.14% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Orange. SP/LP ratio for Feb 09 was 97% compared to 87% for Feb 10.

Lets take a brief look at neighbors Garden Grove and Santa Ana. Garden Grove Real Estate featured a 3.17% increase in median sales price ($362,656 Feb 09 - $374,135 Feb 10) and Santa Ana Real Estate saw a 10.71% increase ($311,400 Feb 09 - $344,746 Feb 10). Are houses in Garden Grove and Santa Ana selling faster or slower this year? Well, Garden Grove experienced a 64.37% increase (36 to 59 days) in median days on market and Santa Ana saw a 110.50% increase (27 to 56 days). In the units sold category, Garden Grove sold 34 units less (-39.53%) in Feb 2010 than 09 and Santa Ana sold 47 units less (-34.81%) in Feb 2010 than Feb 09.

Consult latest research and find Homes in all major cities in California including Orange Real Estate, Garden Grove Real Estate, Santa Ana Real Estate.

You can also access Orange Real Estate for viewing the latest market inventory

Homes for sale for MLS Search,

Bank REO / Short Sale Search

Foreclosure Search ( Outside MLS)

Just Listed Properties

Income Properties (1-4 units)

Condo searches

New Construction Homes

In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

by: Shaye P

POST COMMENT

Richmond Homes Market Comparison Report (february 2009 Vs. February 2010) Sacramento Homes Market Comparison Report (february 2009 Vs. February 2010) San Jose Homes Market Comparison Report (february 2009 Vs. February 2010) Learning To Paint The Ceiling Look To Atlanta Plumbing For All Your Plumbing Needs Some of the interesting facts related to plumbing issues How to Make Perfume Aroma - 3 Recipes to Make At Home Improving The Quality Of Nursing Home Furniture Across The Uk Knowledge On How To Look Great Value But Required Components In Upgrading Sunroom Insulation For Win How to Make Perfume at Home - Essentail Oils Required To Create Perfume How to Make Perfume at Home - A Recipe for You to Try at Home No Upfront Cost Work At Home Opportunity Zbuyz Auction & Stores Start For Free How To Transform Your Home Into A Daycare Center