Orange Real Estate Market Comparison Report (march 2009 Vs. March 2010)

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

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

Summary of Key Points

Orange Real Estate has shown continued signs of improvement with median sales price climbing up.Sellers received 96% of asking price as compared to 94% last year.

Key Statistics, Orange, CA: Median Sales Price (5.04%), Median Days on Market (10.69%), and Number of Units Sold (-10.98%), Sales Price to List Price Ratio (March 09 94% - March 10 96%)

Orange Real Estate

The city of Orange experienced a 5.04% increase in median sales price from last year going up from $489,470 (March 09) to $514,148 (March 2010). Median days on market data for Orange show that houses are selling slower than March 09. It took 73 days in March 09 for a house to sell and for March 10 that number has gone up to 81 days (a 10.69% deterioration). Another important factor to consider is total number of units sold. In the month of March 09, 82 units were sold compared to 73 for March 10 (-10.98% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Orange. SP/LP ratio for March 09 was 94% compared to 96% for March 10.

Lets take a brief look at neighbors Garden Grove and Santa Ana. Garden Grove Real Estate featured a 7.52% increase in median sales price ($355,182 March 09 - $381,891 March 10) and Santa Ana Real Estate saw an 20.98% increase ($294,139 March 09 - $355,853 March 10). Are houses in Garden Grove and Santa Ana selling faster or slower this year? Well, Garden Grove experienced a 12.98% decrease (57 to 55 days) in median days on market and Santa Ana saw a 3.02% decrease (60 to 58 days). In the units sold category, Garden Grove sold 26 units less (-31.71%) in March 2010 than 09 and Santa Ana sold 47 units less (-28.48%) in March 2010 than March 09.

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.

HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.

by: Shaye P

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