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Stanton homebuying jumps 50%: 6 trends to ponder

Here are Stanton highlights of ReportsOnHousing house-hunting data for resales of existing detached and attached residences in the community.
This analysis includes October trends based on closed sales: sale counts; average price vs. average list price; highest and lowest price paid in the month; average cost per square foot and average size; plus, based on broker listing networks stats on Nov. 20, the “market time” metric comparing supply of listings to new escrows opened in past 30 days.
Trends we saw in Stanton …
1. Sales: 18 sold vs. 12 a year ago, a 50 percent jump!
2. Average sales price: $448,222 that ranked No. 44 out of 46 Orange County markets tracked and was up 7.5 percent in a year.
3. Compared to list: Sellers got 99.3 percent of what they typically asked for, ranking 4th of the 46 markets.
4. Range: High sale of $700,000 vs. the $355,000 low.
5. Sizing: On average, buyers paid $343 per square foot — up 5.6 percent in a year and 43rd highest out of the 46 tracked.
6. Market speed, as of Nov. 30: 23 days, listing to escrow opened vs. 77 days a year ago and 80 days two years ago.
Compare these patterns to five October trends we saw in all of Orange County …
1. Sales: 2,553 sold vs. 2,575 a year ago.
2. Average sales price: $868,090, up 10.4 percent in a year.
3. Compared to list: 98.4 percent.
4. Sizing: On average, buyers paid $464 per square foot — up 11.3 percent in a year — on a 1,870 square-foot residence.
5. Market speed, as of Nov 30: 62 days vs. 73 days a year ago and 75 days two years ago.
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Source: Oc Register

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