Orange County Homes Hit Seven Year High in November

Orange County Homes Hit Seven Year High in NovemberOrange County home sales hit their highest level for a November in seven years, soaring 25.3 percent over last year’s sales pace.

Home prices, meanwhile, hit a five-year high for a November, rising 12.5 percent from 2011, housing market tracker DataQuick Information Systems reported Wednesday.

The median home price, however, dipped slightly last month – to $450,000 in November versus $455,000 the previous month. Foreclosures dwindled. Competition for a limited supply of homes remained fierce. Just ask Kimi Kobashi, who took nine months and 14 bids to finally close a deal on a Huntington Beach home.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Jeff Collins & Kelli Hart Kehler – See the Full Story at the OC Register

Click here for gay realtors, mortgage lenders, and other real estate professionals in California.

If you have a gay real estate story that you’d like to share with us, contact us at info@2016.gayrealtynetwork.com

Leave a Reply

Your email address will not be published. Required fields are marked *