The price of an existing Orange County home rose more than $10,000 in February from a month ago, the California Association of Realtors said on Wednesday.
The median price for an existing stand-alone OC home sold in February was $433,690, a 2.5% increase from January but a 29% decrease from a year ago.
Year-over-year pricing continues to hold up better in OC than in the rest of the state. The median price of a California home was $247,590 in February, down more than 2% from January and 41% less than prices seen a year earlier.
The Realtor association excludes condominiums from its figures.
Including condos, the median price of an OC home was $375,000 in February, a 1.4% increase from January but a 42% decline from the area’s all-time high, set in June 2007, according to La Jolla-based DataQuick Information Systems Inc., a unit of Canada’s MacDonald Dettwiler and Associates Ltd.
Sales in OC were up 10.5% in February from January, and up 45% from a year earlier, according to the Realtor association.
Statewide sales in February increased 83% from a year earlier, driven by distressed sales of lower-priced homes.
