REAL ESTATE
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O.C.'s median home price, continued ...
Spurred by lower prices and the federal tax credit for first-time homebuyers, sales jumped 7 percent from July 2008 and 4.1 percent from June in Orange County.
In a separate report covering more localized stats from C.A.R. and DataQuick Information Systems, which measures its numbers based on county records data rather than MLS information, Orange County's median home price fell to $420,000, down 8.7 percent compared to the same time last year.
But a number of local cities actually saw an increase in cost compared to 2008, and two of them were among a list of those that had the greatest median home price jumps: Laguna Hills saw a 40.5 percent hike, bringing the number to $520,000; and Newport Beach's median price rose 13.5 percent to 1.3 million.
Newport Beach was also listed among the top 10 cities with the highest median home price; Los Altos came in at No. 1, with an average of more than $1.4 million.
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Related headlines
'OC METRO Minute,' Aug. 25: Home prices are not appreciating due to lender-controlled seller's market
O.C.'s unemployment rate jumps to 9.5 percent
'OC METRO Minute,' Aug. 19: Home construction, purchases, prices up in O.C.
O.C.'s median home price, continued ...
Spurred by lower prices and the federal tax credit for first-time homebuyers, sales jumped 7 percent from July 2008 and 4.1 percent from June in Orange County.In a separate report covering more localized stats from C.A.R. and DataQuick Information Systems, which measures its numbers based on county records data rather than MLS information, Orange County's median home price fell to $420,000, down 8.7 percent compared to the same time last year.
But a number of local cities actually saw an increase in cost compared to 2008, and two of them were among a list of those that had the greatest median home price jumps: Laguna Hills saw a 40.5 percent hike, bringing the number to $520,000; and Newport Beach's median price rose 13.5 percent to 1.3 million.
Newport Beach was also listed among the top 10 cities with the highest median home price; Los Altos came in at No. 1, with an average of more than $1.4 million.
<< PREVIOUS PAGE
Related headlines
'OC METRO Minute,' Aug. 25: Home prices are not appreciating due to lender-controlled seller's market
O.C.'s unemployment rate jumps to 9.5 percent
'OC METRO Minute,' Aug. 19: Home construction, purchases, prices up in O.C.
