The price of an Orange County detached home rose slightly from January to February but still is down 3.9% from the median price seen a year ago, the California Association of Realtors said.
The median price for an existing, detached home sold here in February was $692,820, up $4,210 from January, according to the association.
February’s median price is 5.3% off from the county’s record high of $729,370, set in April.
The pace of local home sales picked up last month, after several months of decreases. Sales here in February increased 10% from January, and are 4.6% higher than a year ago.
The realtor association excludes condominiums from its figures.
Including condos, the median price of a home sold here was $620,000 in February, a $20,000 increase from January, but off 3.6% from the county record median price of $642,500, set in June, according to La Jolla-based market tracker DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The statewide February median price of a detached California home was $564,700, a 5.7% increase from a year ago, and a 1% increase from January, the California Association of Realtors said.
Statewide sales were down 9.6% in February from a year ago.
The median number of days it took to sell a single-family home in California was 70 in February, a decrease of 5 days from a month ago, but up 23 days from a year ago.
Among OC cities, Laguna Beach was the priciest in the state in February, at $1.7 million.
