Pamela's South Orange CA Coastal Market Blog

SALES UP 117%, MEDIAN PRICE FELL 39.9%Statewide sales increased significantly in October 2008 to 552,750 homes, the highest sales level since late 2005. This record gain stemmed primarily from extremely large increases in regions with a high concentration of distress sales (bank owned and forecl...

SOUTHLAND HOME SALES UP, PRICES DOWNFORECLOSURES: In the South Orange County Coastal Market foreclosures represent about 36.8% of the market sales. In the over $4M market there are no foreclosure sales. Most foreclosures are in the $500K and under range.THE MARKET: Several factors explain the sha...