Orange or Villa Park? – Orange County Register

Here are homebuying highlights for Orange and Villa Park from ReportsOnHousing for October.

This house-hunting report tracks listing, buying and selling of existing detached and attached residences in the community. Analysis includes October trends based on closed sales: sale counts; average price vs. average list price; high and low price paid in the month; average cost per square foot and average size; plus, based on broker listing networks stats on Nov. 30 the “market time” metric comparing supply of listings to new escrows opened in past 30 days.

In Orange …

Sales: 108 sold vs. 96 a year ago.

Average sales price: $652,151 that ranked No. 30 out of 46 Orange County markets tracked and was down -7.0 percent in a year.

Compared to list: Sellers got 98.7 percent of what they typically asked for, ranking No. 18 of the 46 markets.

Range: High sale of $1,470,000 vs. the $318,000 low.

Sizing: On average, buyers paid $369 per square foot on a 1,769 square-foot residence. This pricing metric was up 4.2 percent in a year.

Market speed: 43 days, listing to escrow opened vs. 73 days a year ago and 77 days two years ago.

In Villa Park …

Sales: 6 sold vs. 6 a year ago.

Average sales price: $1,489,131 that ranked No. 5 out of 46 Orange County markets tracked and was up 25.2 percent in a year.

Compared to list: Sellers got 97.8 percent of what they typically asked for, ranking No. 33 of the 46 markets.

Range: High sale of $1,818,000 vs. the $1,050,000 low.

Sizing: On average, buyers paid $363 per square foot on a 4,107 square-foot residence. This pricing metric was up 19.2 percent in a year.

Market speed: 180 days, listing to escrow opened vs. 111 days a year ago and 70 days two years ago.

Compare these patterns to five October trends we saw in all of Orange County …

1. Sales: 2,553 sold vs. 2,575 a year ago.

2. Average sales price: $868,090, up 10.4 percent in a year.

3. Compared to list: 98.4 percent.

4. Sizing: On average, buyers paid $464 per square foot — up 9.7 percent in a year — on a 1,870 square-foot residence.

5. Market speed, as of Nov 30: 62 days vs. 73 days a year ago and 75 days two years ago.

DID YOU SEE …

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Read the full article from the Source…

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