September 2009 Real Estate Active in Orange, CA

September 2009 Sales in Orange

$500,000-$1,000,000

For just the month of September in the city of Orange, in the price range $500,000-$1,000,000The active inventory is 112 properties, with the average price atAverage List Price /$ per sq. ft.: ($709,481/2480 sq. ft.) or $286.08 per sq. ft

Between the price range of $500,000-$1,000,000 there are 39 properties that went under contract.

• There are 15 properties in "Back Up"-
• Average List Price /$ per sq. ft.: ($709,481/2541 sq. ft) $286.08 per sq. ft.

• There are 20 properties in "Pending Sales" (Contingencies Removed)
• Average List Price /$ per sq. ft.: ($650,100/2436sq/ ft), $266.87 per sq. ft.

Sold and Closed

• There are 4 properties that have sold and closed for September
• Average List Price /$ per sq. ft.: ($661,875/3250 sq/ ft), $203.65 per sq. ft.

The sales prices and $ per sq. foot for both the Back-ups and Pending sales will be less than above once these properties actually close escrow and we see what they sold for.

$1,000,000 +

• Above $1,000,000-one million dollars there are 53 Active Listings.
• Average List Price /$ per sq. ft.: ($1857,018/4645 sq/ ft), $399.00 per sq. ft.

• Above $1,000,000-one million dollars-just one property is under contract as "Back-Up"
• Average List Price /$ per sq. ft.: ($1,900,000/5000 sq/ ft), $380.00 per sq. ft.

This would mean at one sale per month over 1,000,000 it would take 53 months to sell off all of the inventory.