January 12, 1989 |
The number of homes and condominiums sold in Orange County in December rose 2.6% from November and the average price jumped 3% to a record $219,744, according to TRW Real Estate Market Information. December is normally a slow month for home sales, but last month's moderately strong activity does not herald a return to the buying frenzy that characterized much of 1988, according to real estate brokers, home builders and consultants.
April 22, 1989 |
The average price of a new, detached house in Orange County soared to $364,550 during the first 3 months of 1989, while sales of new homes dropped by nearly a third, according to a Costa Mesa consulting firm. The average price calculated by Market Profiles was 45% higher than the $251,636 recorded during the first quarter of 1988. Condos and town homes averaged $184,901 during the first quarter this year, up 30% from $142,060 a year earlier. The consulting firm said that 1988 was an exceptionally good year for sales, so the decline in sales activity represents a return to a more normal market.
October 1, 1988 |
Strong demand for new housing and an increasing shortage of homes for sale pushed the median price of a new house in Orange County to a record $313,000 during the third quarter. It was the first time that the price of a typical new home topped $300,000, said the Meyers Group, a Corona consulting firm that compiled the quarterly figures. By comparison, the median price of a new house nationally was $112,000 in August, the latest figure available from the National Assn. of Home Builders.
November 12, 1988 |
The average price of a new house in the southern half of Orange County soared to $329,214 in the third quarter, an astonishing 55% increase in just one year, according to a report released Friday by housing consultant Market Profiles. While builders sold about the same number of houses through September as they did during the same 9 months in 1987, those houses sold a lot faster this year, most of them as soon as they hit the market. Now, however, there are signs the frenzy is abating, said S.
February 28, 1988 |
Some customers were stunned earlier this month when home builder William Lyon Co. raised the $178,000 price of some of its houses in a south Orange County subdivision by $18,000. The increase came just after activists delivered 95,000 signatures to the registrar of voters, enough to get a slow-growth initiative before the voters as soon as the June primary election. Lyon won't say whether the two incidents are connected.
May 6, 1990 |
When Signal Landmark got tentative approval to build homes on 1,700 acres in the Bolsa Chica area of Orange County, one of the first things company officials did was hire a consultant to tell them what type of homes to build on the coastal property. The adviser they hired, Goodkin Real Estate Consulting Group of San Diego, supervised an in-depth survey of 100 upscale households.