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Residential Re-Sale, Commercial Properties, Foreclosures and Investments…As a long-time Fullerton resident Adam is intimately familiar with North Orange County neighborhoods. He has extensive expertise in residential real estate, commercial build outs, hard money lending and mortgage banking. As an authorized REO agent for GMAC, CountryWide Home Loans and World Savings he has extensive experience in all aspects of the foreclosure process. Investors rely on his knowledge and experience to help them identify and capitalize on distressed properties.

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Median Selling Price In O.C. Fell At The End Of November

December 15th, 2009 • Related • Filed Under

Although Orange County home prices have been experiencing a 6 month winning streak, the median home

chartselling price in late November rant just below October’s final price.

The median selling price for the period ending on November 20th was $432,000 – $4,500 below October’s median selling price. Although this is a 5.4% increase in the median selling price compared to last year’s pricing it is still 33% off the peak.

In this most recent period, O.C. shoppers bought 2,896 residences — that is -1.4% vs. year-ago buying activity. Single-family homes are currently reselling for 32% less than their peak pricing while condos are selling for 38% below their peak.

September was the last of 15 straight month of sales gains vs. the year-ago period. That follows 33 consecutive months where sales failed to beat the previous year’s pace.

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