Thursday, August 29, 2024 / by Bob Cowan
The data: For the fourth month in a row, Orange County has led a list of home-price gains across 30 U.S. cities.
The source: My reliable spreadsheet reviewed the June homebuying report from First American Data and Analytics.
Brief analysis: Over the past year, Orange County’s home values have risen by 10.2%. Miami followed with an 8.9% increase, and Pittsburgh saw a 6.5% rise. The slowest markets among the 30 were Austin, Texas, with a 1.9% drop, Alameda/Contra Costa counties with a 0.5% gain, and Sacramento with a 0.9% increase.
In Orange County, affluent buyers are driving up prices due to a limited number of homes available, particularly in the higher-end market segment.
This report provides a detailed analysis of key price segments, revealing a significant disparity in Orange County between lower and higher-end homes. Starter homes, the most affordable category, saw a 6.1% increase over the year (ranked 7th out of 30), while luxury properties exg ...
Read More
bob cowan, your home sold guaranteed, california, orange county, august 2024
Thursday, July 25, 2024 / by Bob Cowan
California Rental Market
Last updated July 23, 2024
Source: Zillow Rentals Data
Market Summary
The median rent for all bedrooms and all property types in California is $2,850.
Median Rent
$2,850
Month-Over-Month Change
+$30
Year-Over-Year Change
-$100
Available Rentals
72,210
Median Rental Price over Time
In the last year, rent has decreased by $100 compared to the previous year.
JanFebMarAprMayJunJulAugSepOctNovDec$2,730$2,800$2,870$2,940$3,010
• This year (2024) • Last year (2023)
Price Range
The price range for all bedrooms and all property types is $100 to $1,000,000.
$500$900$1,400$2,000$2,600$3,200$3,800$4,400$5,000+030006000900012000
• Rental Properties
Frequently Asked Questions
1. What is the average rent in California?
The median rent in California is $2,850.
2. How mue ...
Read More
bob cowan, your home sold guaranteed, california, southern california, july 2024
Wednesday, June 19, 2024 / by Bob Cowan
According to a prominent real estate website, several California towns are witnessing rapid movement in supply and increasing demand in the housing market. In fact, Realtor.com's latest rankings for 2024 include 19 California towns on their list of the "hottest real estate markets."
The rankings are derived from exclusive insights into buyer activity and extensive data on available inventory. The site's analysis delves into the dynamics of supply and demand, offering comparative rankings for metro areas, counties, and zip codes across the nation.
To elaborate on their approach, Realtor.com assesses demand using listing views and measures supply with median days on market across a listing pool of 300 cities. Based on this methodology, here's a rundown of the California cities identified among the nation's "hottest housing markets" as of March 2024.
— Ranked No. 39: Sacramento-Roseville-Arden-Arcade metro
— Ranked No. 40: Santa Rosa
— Ranked No. 41: ...
Read More
bob cowan, your home sold guaranteed, platinum living realty, california, june 2024
Tuesday, June 11, 2024 / by Bob Cowan
According to an analysis of Realtor.com data, the median listing price for homes in Orange County was $499,999 in March, marking a slight 0.2% increase from the previous month's $499,000. Compared to March 2023, this represents a notable 5.3% uptick from $475,000.
It's important to note that these statistics solely reflect the listing prices of homes in Orange County and do not include data on homes that have been sold. For comprehensive information on your local housing market and other relevant community data, you can visit www.homesinthesocalarea.com.
The median size of homes listed in Orange County was 2,005 square feet, with an average listing price of $253 per square foot. This reflects a 6.3% increase in the price per square foot of homes for sale compared to March 2023.
Listings in Orange County were swift, with a median of 49 days on the market, slightly below the national median of 50 days in March. This marks a significant improvement from the ...
Read More
bob cowan, your home sold guaranteed, platinum living realty, california, orange county, june 2024
Monday, June 10, 2024 / by Bob Cowan
California Rental Market
Last updated June 8, 2024
Source: Zillow Rentals Data
Market Summary
The median rent for all bedrooms and all property types in California is $2,773.
Median Rent
$2,800
Month-Over-Month Change
+$1
Year-Over-Year Change
-$100
Available Rentals
71,786
Median Rental Price over Time
In the last year, rent has decreased by $100 compared to the previous year.
JanFebMarAprMayJunJulAugSepOctNovDec$2,730$2,800$2,870$2,940$3,010
• This year (2024)
• Last year (2023)
Price Range
The price range for all bedrooms and all property types is $100 to $999,999.
$500$900$1,400$2,000$2,600$3,200$3,800$4,400$5,000+030006000900012000
• Rental Properties
Frequently Asked Questions
1. What is the average rent in California?
The median rent in California is $2,800.
2. How much does it cost to re ...
Read More
bob cowan, your home sold guaranteed, platinum living realty, california, june 2024
