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The Orange County Luxury Market Update - July, 2022

The Orange County Luxury Market Update - July, 2022 is out

Steve Olson
Steve Olson

Aug 17, 2022

New luxury listings over $5 million to hit the market in July 2022 in Orange County

In July 2022, there were 33 new listings to hit the Orange County market that were priced at $5 million or more. That is up by 9.1% month-by-month compared to June, 2022 where 30 new listings hit the market.

Average days on market for luxury listings in Orange County in July 2022

The average days on market for properties priced at $5 million or more in July 2022 was 61 days. A month prior in June, the average days on market was 43. This shows us a 29.5% increase of days on market month-by-month.

Closed sales in Orange County for $5 million or more

In July 2022, there were 14 luxury homes priced at $5 million or more that sold. A month prior in June there were 11, which means the Orange County Luxury Market closed 21.5% fewer homes month-by-month.

Steve Olson

Real Estate Veteran since 2007 | Founder of one of the fastest growing real estate teams in California. Family, Soccer, Surf, Pearl Jam.

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