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O.C.'s median home price jumps 9.6 percent
The number rose to $435,000 in December, compared to $397,000 in '08, says MDA DataQuick.
By Kristen SchottPublished: January 19, 2010 11:15 AM
Photo courtesy of FotoliaOrange County's median home price got a 9.6 percent uptick in December, compared to the same time last year, according to newly released stats from MDA DataQuick.
The number rose to $435,000 last month, up from $397,000 in December 2008. The price also increased slightly from November, which saw a $432,250 median.
For the entire Southern California region – which includes Orange, L.A., Riverside, San Bernardino, San Diego and Ventura counties – the median rose 4 percent, compared to December 2008. The price hit $289,000 last month, up from $278,000.
There are a number of reasons for the spike in the median prices, according to DataQuick President John Walsh.
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Photo courtesy of Fotolia The number rose to $435,000 last month, up from $397,000 in December 2008. The price also increased slightly from November, which saw a $432,250 median. For the entire Southern California region – which includes Orange, L.A., Riverside, San Bernardino, San Diego and Ventura counties – the median rose 4 percent, compared to December 2008. The price hit $289,000 last month, up from $278,000. There are a number of reasons for the spike in the median prices, according to DataQuick President John Walsh. NEXT PAGE >> Related headlines Newport Beach's Conexant sells land for $26 million Santa Ana's First American CoreLogic: foreclosures up O.C. fairgrounds: Highest bid comes in at $65.5 million TechSpace acquires new facility in Westwood |
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