December 23, 1992 |
People will have bought fewer homes in Orange County this year than in any of the past five years. About 30,000 houses and condominiums will be sold by year's end, according to a projection released Tuesday by TRW Redi Property Data. That's only about half as many as the 56,000 homes sold in the boom year of 1988. Every other county in Southern California lost ground too, according to TRW, a market research concern based in Riverside.
April 15, 1993 |
Orange County home sales plunged 11.7% during the first quarter, dashing hopes that the county's economy is in recovery. Sales of new and existing houses in Orange County fell to 5,577, according to figures released Wednesday by TRW Redi Property Data. That compared to 6,317 sales in January through March, 1992. The year-to-year decline was sharper here than in the rest of Southern California, the TRW figures showed. Prices also fell.
December 16, 1993 |
Home sales in Orange County are expected to decline 2.1% for 1993, according to figures released Wednesday by TRW REDI Property Data. Still, though new and existing home sales are projected to decline to 29,725 homes from 30,352 homes sold last year, Orange County compares positively to the rest of the state, where home sales are expected to drop 4.4% from last year, TRW REDI said.
July 20, 1993
TRW Redi Property Data's monthly housing report for Southern California shows demand through June this year running below levels of a year earlier. In Orange County, home sales were down 10.5% from the same period last year. The average price for homes sold during the first half of the year dropped 4.2%. Number of homes sold (In thousands) Orange: (1993: 13,676) -10.5% Los Angeles: -9.9% Riverside: -12.4% San Bernardino: -16.5% Ventura: -1.8% San Diego: -10.
August 23, 1989 |
Orange County bucked the statewide trend as sales of existing homes in the county dropped in July. Despite the sales slowdown, prices continued to march upward in the county and statewide. Existing-home sales in Orange County fell an estimated 12.8% from June, the California Assn. of Realtors said Tuesday. Sales in July were down 27.5% for the month from a year ago. Statewide, housing activity was stronger with existing home sales increasing 0.9% in July, the trade association said.
June 9, 1998 |
Orange County's booming housing market sizzled last month, as the average home price surged to an all-time high of $226,000 in the second-busiest month of the decade. In the latest indication that the housing market has fully recovered from its recession years, the average house has gained $29,000 in value in the last year alone, Acxiom/DataQuick's housing market survey showed Monday. The median price for May eclipsed the previous record of $223,000 set in January 1991.
April 5, 1996 |
Despite some encouraging signs, Orange County's real estate market is still struggling to snap out of its prolonged slump, according to a report Thursday on first-quarter housing activity. Home sales in the first three months surged above sales for the first quarter a year ago, when the county's bankruptcy and rainy weather pushed the housing market into a tailspin.
June 30, 1999 |
Despite a significant surge in construction, the median price of new homes in Orange County hit an all-time high of $379,990 in the second quarter, a leading real estate research firm says in a report to be released today. The price run-up, $10,000 higher than in the second quarter of 1998, came amid a 42% increase in the number of new-home sales, said John Burns, senior managing director of the Meyers Group, an Irvine-based firm that tracks trends in new-home markets.
February 6, 1996 |
Orange County housing sales jumped 22.6% last month, the biggest increase in 18 months, but the good news was tempered with bad: Prices slid to their lowest levels in more than seven years. The continuing price drop was fueled by a record 45.2% increase in foreclosures last month from the preceding January, according to figures released Monday by Dataquick Information Services, a real estate data firm.
December 30, 1992 |
New-home sales in Orange County--a key indicator of the county's economic health--fell about 17% this year from 1991's total to make the year the worst for the home-building industry since 1989, a prominent real estate consulting firm reported Tuesday. Figures released by Meyers Group, a regional real estate consultant, show that through Dec. 15 a total of 5,983 new home and condominium sales contracts were reported by builders in Orange County, down 17.