Orange County’s median home price dropped another $15,000 in September from August, although sales volumes continued their recent trend of improving over year-ago levels.
The median price of an OC home was $425,000 in September, a 3.4% decline from August, according to La Jolla-based DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
Median prices here are down $145,000, or about 25%, from a year earlier and are off about 34% from their all-time high, set in June 2007.
Sales volumes in OC increased 62% from the record-low levels of a year earlier, with 2,667 home sales in September. Sales here were down about 2% from August’s totals.
Foreclosure resales,where a foreclosure had occurred at some point in the prior year,were 37% of the county’s total sales in September, according to DataQuick. That’s the lowest percentage of any county in Southern California.
The median price of a Southern California home was $308,500 in September, a 6.5% drop from August and a 33% decrease from a year ago.
Southland sales in September were up 65% from a year ago. Foreclosed homes represented half of all Southland sales in September, compared to about 13% a year ago.
