Surterre’s Weekly Financial and Market Update Week Ending 6/24/2013 “Glass Half Full” Perspective ORANGE COUNTY REAL ESTATE SECTION 6/23/2013 “O.C. HOME SALES NET $8 BILLION, HIGHEST LEVEL IN SEVEN YEARS” The highest home-sales tally since 2006. That’s up by $1.9 billion from the same period in 2012. LOS ANGELES TIMES BUSINESS SECTION 6/21/2013 “U.S. HOME SALES HIGHEST SINCE ‘09” An increase of 12.9% since May 2012 and the highest rate since November 2009 when a national home-buyer tax credit helped propel sales. ORANGE COUNTY REAL ESTATE SECTION 6/16/2013 “FOR THE MONTH OF MAY” Prices Resale Homes up 21.2% New Homes up 13.8% Resale Condos up 30.8% Sales Volume Resale Homes up 9.6% New Homes up 51.6% Resale Condos up 7% Median Price $540,000 up from $435,000 a year ago Sales Volume 3,648 up from 3,279 a year ago ORANGE COUNTY REAL ESTATE SECTION 6/15/2013 “HOME LISTING SHORTAGE EASING” A logjam caused by an extreme shortage of homes for sale is starting to ease on Orange County and across the nation. Orange County had 4,122 homes for sale in the MLS as of June 6, up 31% from earlier January. The greatest increase was 39% in the $500,000 to $750,000 price range. Listings from $750,000 to $2 million price range were up about 36%. Price Range March 14 June 6 Difference % Change Listings Listings $750-$1Mill 429 583 154 36% $1mill-$1.5 mill 349 475 126 36% $1.5 mill-$2 mill 202 276 74 37% $2 mill-$4 mill 336 397 61 18% $4 mill above 221 270 49 22% All O.C. 3,183 4,133 950 30% ORANGE COUNTY BUISINESS SECTION 6/12/2013 “HOME SALES HIT 7-YEAR HIGH” O.C. sees a May gain of 11.3% from a year ago; midpoint point price hits $540,000. Home sales have gone up year-over-year for 16 straight months. 2,252 February sales 3,063 March Sales 3,327 April sales 3,648 May sales (highest sale in O.C. since June 2006) Surterre’s Weekly Financial and Market Update Week Ending 6/24/2013 “Glass Half Empty” Perspective LOS ANGELES TIMES BUSINESS SECTION 6/21/2013 “HOME PRICE RISE IS EXPECTED TO SLOW” Dramatic double-digit percentage home price gains have raised concerns of a new housing bubble, but those eye-popping increases should moderate by the end of this year as more supply comes on the market.
Posted on: Thu, 27 Jun 2013 20:54:01 +0000
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