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O.C.'s median home price gets 8.1 percent uptick
Number hits $432,250 in November, up from $400,000 in '08.
By Kristen SchottPublished: December 15, 2009 11:27 AM
Photo courtesy of FotoliaOrange County's median home price jumped 8.1 percent in November, according to statistics from San Diego-based MDA DataQuick. The number rose to $432,250, up from $400,000 in 2008.
The number did drop slightly from October of this year, when the median home price was $436,500. Sales also fell between October and November of this year. A total of 2,528 homes were sold last month, down from 2,800 in October.
But DataQuick says sales "almost always" fall between the two months. And the number is actually 16.1 percent higher than November 2008, which saw only 2,177 purchases.
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Photo courtesy of Fotolia The number did drop slightly from October of this year, when the median home price was $436,500. Sales also fell between October and November of this year. A total of 2,528 homes were sold last month, down from 2,800 in October. But DataQuick says sales "almost always" fall between the two months. And the number is actually 16.1 percent higher than November 2008, which saw only 2,177 purchases. NEXT PAGE >> Related headlines REDC acquires Commerce Title from Pulte Homes CT/KDF Community Development Partners closes $36 million Newport Beach's Stoneridge Capital buys retail center for $20 million Voit Real Estate tops local industrial deals |
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