How did the Orange County Real Estate Market Do in 2016.. Take A peak
The sun has set on 2016 and as we look to 2017, you might be wondering how did the Orange County, California Real Estate Market perform overall? Throughout the year we heard in the media, prices were up, it's a sellers market, buyer demand is strong and the good news continued.. But what did all that really mean when you look at the numbers? Below is a review from the Orange County Association of Realtors at how all the numbers shook out in 2016. We will split this out into two segments: Detached homes and Attached homes: We highlighted some key points, but let's further explain. Median Sales Price in Orange County, California for a Single Family Detached Home was $740k and that was up 5% from 2015. The Average price was near a $1m. Leaving a real need for Single Family homes priced below that median of $740k. Opportunity is knocking for homeowners in this price range. Sales Volume in 2016 was almost identical from 2015 with a slight increase of 278 home