We analyze several housing market indicators in order to present an in-depth breakdown of Orange Real Estate Market comparing February 2009 to February 2010.
Summary of Key Points
Orange Real Estate has started showing signs of improvement with median sales price climbing.However Median days on market increased and Sellers received way less than asking price.
Key Statistics, Orange, CA: Median Sales Price (9.21%), Median Days on Market (120.79%), and Number of Units Sold (-27.14%), Sales Price to List Price Ratio (Feb 09 97% – Feb 10 87%)
Orange Real Estate
The city of Orange experienced a 9.21% increase in median sales price from last year going up from $480,781 (Feb. 09) to $525,084 (Feb. 2010). Median days on market data for Orange shows that houses are selling slower than Feb 09. It took 45 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 98 days (a 120.79% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 70 units were sold compared to 51 for Feb 10 (-27.14% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Orange. SP/LP ratio for Feb 09 was 97% compared to 87% for Feb 10.
Let’s take a brief look at neighbors Garden Grove and Santa Ana. Garden Grove Real Estate featured a 3.17% increase in median sales price ($362,656 Feb 09 – $374,135 Feb 10) and Santa Ana Real Estate saw a 10.71% increase ($311,400 Feb 09 – $344,746 Feb 10). Are houses in Garden Grove and Santa Ana selling faster or slower this year? Well, Garden Grove experienced a 64.37% increase (36 to 59 days) in median days on market and Santa Ana saw a 110.50% increase (27 to 56 days). In the units sold category, Garden Grove sold 34 units less (-39.53%) in Feb 2010 than 09 and Santa Ana sold 47 units less (-34.81%) in Feb 2010 than Feb 09.
Your garden is usually the first area of your house that visitors see when they visit your house. Of course you would want to create a good lasting first impression on your guests. A poorly-maintained garden will make guests think that the owner does not care about the appearance of his or her house.
For many, gardening is simply a hobby. For some, gardening is also one way to preserve the value of their real estate.Gardening also provides therapeutic effects because it releases a person’s creative juices. But ultimately, gardening can help improve the appearance of your residence. The limits of gardening are determined by the home owner itself. If you do not have the “green thumb” for it, you can always hire a gardener to do the job for you. Compared to home improvement tasks you usually do inside your home, gardening requires less costs and less time to do. You can even plan to change the look of your garden by alternating the flowers in bloom for the season. Choose flowers that are not too hard to maintain so you do not have to waste so much time in taking care of them. You can also grow fruits and vegetables like tomatoes and lettuce in your garden! Freshly picked vegetables make great salads and are more economical, too.
Landscaping can also be one way to preserve the value of a real estateinvestment. Aside from the regular maintenance your homes require, landscaping tasks can also improve the overall look of your homes. Landscaping can also set the mood so visitors can have something to look forward to when they visit your house. There are many landscape artists out there who can help you implement the creative ideas you have in mind. It is good to create a theme that can be carried out throughout your whole garden or porch area. Dressing up your front yard or back yard will create a homier feel in your house. Before considering on a design, have a look around your yard first to see the extent of landscaping work that is feasible. Do not overdo the designing part. Choose only one focal point that you can develop. For example, choosing to put a water fountain in the middle of your yard is a good idea. Being the focal point, the visitors’ eyes will surely travel to that part of your garden. The other designs and fixtures should be kept minimal to avoid visual confusion. Choose a solid color palette and transform different hues and shades to create a visual harmony. Mix and match two similar colors to create a more peaceful feeling to your garden.
Gardening and landscaping is like putting toppings on ice cream. The inside of your home, is still the main focal point of your property. However, you also need to take care of the outsides of your home as these can boost your property’s value in the long run.