Here are the latest DataQuick home stats, as published by the OC Register. The data are from the 22 business days ending June 11.
Countywide, home sales figures continue to show improvement, even if they still are behind 2007's sales numbers. It's been a historically bad year. Prices also continue to fall sharply as distressed properties seemingly have a stranglehold on the market.
South OC is also struggling. Sales totals for the region are still more than 25% below last year's numbers - despite the fact that a number of ZIP codes are now showing positive year-over-year results. Our weighted average of medians shows prices are also down by about 20%.
Saturday, June 28, 2008
South OC home stats through June 11
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2 comments:
It would seem that the areas that show the most drastic slowdowns correspond to the areas with the most unrealistic pricing. The areas that have positive sales are those areas with a higher rate of distressed properties and therefore lower prices. It could be interpreted that pricing in the "more desirable" areas is approaching a point of no return where they either start dropping prices or they too start becoming areas filled with distressed properties.
Regarding the percent change from '07 for Laguna Beach, should that be a negative number rather than a positive one?
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