Home Prices Up in 62% of Orange County for the Month of June

From the Orange County Register, dated July 13th 2010:

For calendar month June – DataQuick’s freshest stats — Orange County homebuying patterns showed:

• 56 of O.C.’s 83 ZIP codes had gains in their respective median selling price. Overall, prices were +6.5% vs. a year ago.
• Taking sales volume in consideration, home pricing is up in ZIPs representing 62% of the Orange County market.
• 7 of 83 O.C. ZIPs had median sales prices above $1 million in the period vs. 11 million-dollar ZIPs when the county median price peaked in June 2007.
• Since that pricing pinnacle, there’s been a -31% drop in the countywide median price!
  45 of 83 O.C. ZIPs had year-over-year sales gains in the period.
• Overall, countywide sales were +15.7% vs. a year ago.
• 3 of 83 O.C. ZIPs has sales gains of 100% or more in the period.
• NOTE! 34 local ZIPs had both sales gains and price gains in the period. These double-gainers had combined sales volume equal to 48% of the Orange County market.
• For a detailed report on the price moves, CLICK HERE!

Nearly $1.2 MILLION Price Reduction in Pelican Crest!

I am pleased to announce that my stunning listing at 9 Shoreridge in Pelican Crest has just been reduced to $8,800,000, down from its original listing price of $9,995,000! This home is truly unlike any other that you will see in Newport Coast. Featuring a completely modern design aesthetic, clean lines, smooth textures and an abundance of light, this contemporary home is truly a calm, Zen-like work of art!

This home is luxury personified, using materials such as white pickled oak, smooth French limestone, white onyx and chandeliers dripping in crystals to achieve the look and feel. It spans approximately 10,300 square feet and features 6 bedrooms, plus a theatre, temperature-controlled wine cellar, gym, elevator, library 2,100 square foot garage and private pool and spa. Not only is it a tranquil haven, it's also a tech-savvy entertainer's dream - with touch-pad light controls, and a state-of-the-art surround sound system with iPod docking stations with touch-pad controls - and even underwater speakers in the pool!

You can view a virtual tour of this home under the "Properties" section of my website. To schedule a private tour of this one-of-a-kind masterpiece, call me at 949-689-1008!