I hope you will find the following snapshot of local Real Estate inventory interesting! Each month I like to put together a report to let people know what the market is doing in the LA and Orange County area. All information is pulled from the MLS so you can have confidence that these numbers are reliable and accurate.
Statistics For Single Family Orange County Homes Under One Million:
The average list price for a home under one million is- $660,032
The average time on the market for a home under one million is- 62 days.
Statistics For Single Family Orange County Homes Over One Million:
The average list price for a home over one million is- $3,002,370
The average time on the market for a home over one million is- 103 days. Generally the homes in this group are coastal, beach adjacent properties such as real estate in Huntington Beach, Costa Mesa and Newport Beach.
Statistics For Single Family LA Homes Under One Million:
The average list price for a home under one million is- $430,718
The average time on the market for a home under one million is- 67 days.
Statistics For Single Family LA Homes Over One Million:
The average list price for a home over one million is- $2,815,019
The average time on the market for a home over one million is- 90 days.
Mortgage Rates:
30 year fixed 4.35%
30 year Jumbo 4.48%
15 year fixed 3.37%