Home prices up in 13 O.C. ZIP codes

For the 22 business days ending June 4 — DataQuick’s freshest stats — Orange County home buying patterns showed:

• Thirteen of O.C.’s 83 ZIP codes had year-over-year gains in their respective median selling prices. (Highlighted in green below!) Overall, prices were down 11.9% from a year ago.
• Five O.C. ZIPs had median sales prices above $1 million in the period compared to 11 million-dollar ZIPs when the county median price peaked in June 2007. Since that pricing pinnacle, there’s been a 35% drop in the countywide median price.
• Fifty-four O.C. ZIPs had year-over-year sales gains in the period. Overall, sales were up 18.7% from a year ago.
• Ten O.C. ZIPs has sales gains of 100% or more in the period.
• For a detailed report on the price moves, CLICK HERE!

from Lansner on Real Estate