Orange County’s median home price is now off more than $200,000 from a year ago, after prices dropped another $21,000 in August from July.
The median price of an OC home was $440,000 in August, a 4.5% decline from July, according to La Jolla-based DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
Median prices here are down $202,250, or about 32%, from a year earlier.
Sales volumes in OC increased 19% from a year earlier, with 2,713 home sales in August. Sales were down 3% from July’s totals.
Foreclosure resales,where a foreclosure had occurred at some point in the prior year,were a third of the county’s total sales in August, according to DataQuick. That’s the lowest percentage of any county in Southern California.
The median price of a Southern California home was $330,000 in August, a 5.2% drop from July and a 34% decrease from a year ago.
Southland sales in August were up 9% from a year ago. Foreclosed homes represented 45.5% of all Southland sales in August, compared to 10% a year ago.
