NEWPORT BEACH, CA — Dwelling costs dropped practically 1.5 p.c in Orange County and rose 0.9 p.c in Los Angeles County in February, in comparison with the identical month a 12 months in the past. Dwelling gross sales dropped over 10 p.c throughout the area in February, an actual property info service introduced Wednesday.
In Orange County, the median value was $700,000 final month, down 1.4 p.c from $710,000 in February 2018. The variety of houses offered dropped by 17.1 p.c, from 2,296 in February 2018 to 1,903 final month.
In response to CoreLogic, the median value of a Los Angeles County residence was $585,000 final month, up from $580,000 in February 2018. A complete of 4,206 houses have been offered within the county, down from 4,768 throughout the identical month the earlier 12 months.