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.
June 3, 2000 |
This is the height of home-buying season, the best of times for sellers--or at least that's what Sue Epps thought. Epps put up her four-bedroom house in La Verne, with its new kitchen appliances and neatly tended petunias in the yard, expecting a stampede of buyers. But in two months, she's had only two offers, both shockingly low. Even after she ratcheted down her price twice, to $375,000, nobody is calling. Epps, 37, hasn't given up on the market, but she is getting frustrated.
May 12, 1994 |
Sales of new and existing homes in Orange County jumped by more than 27% in April 1994 compared to the same month last year. The gain reflects a bouyant market for existing homes which showed an increase of almost 39%, while sales of new homes dropped by 16%. APRIL 1993 APRIL 1994 ZIP Sales Avg. price Sales Avg.
February 13, 1997 |
Lenders aren't exactly dumping foreclosure properties on the market at bargain-basement prices, a new study shows. The average home in Orange County sold for only 3.3% less than its market value after spending six months on the market, according to real estate data firm Experian. That contradicts earlier reports by real estate agents and other industry professionals who said foreclosures were dragging prices down significantly.
CALIFORNIA | LOCAL
September 14, 2000 |
Led by spectacular gains in the new-home market, the median price of Orange County houses and condos sold last month jumped by 14% from a year earlier to a new record of $274,000. The surge in August capped a strong summer that analysts said bodes well for homeowners in the coming months. As the county heads into the slower-selling fall season, analysts said there appears to be a clear path to more record-setting prices through December and probably even longer.
October 5, 1995 |
Orange County home sales slid only about 11% during the third quarter, a signal that the local market's yearlong downward spiral might be coming to an end, according to a real estate data firm. The decline in home sales during the past three months is the smallest quarterly decline so far this year and a sign that the county housing market might be firming, according to Dataquick Information Systems, a La Jolla-based real estate data firm.
August 12, 1997 |
Fueled by low mortgage rates and increasing consumer confidence, Orange County's nascent housing recovery continued in July as both home sales and prices increased over last year. Last month, 3,781 homes were sold in the county, a 29.8% jump from last year and a slight increase over the 3,726 sold in June, according to Acxiom/DataQuick. Prices also remained strong, with the median Orange County home selling for $199,000 in July, 3.