Laguna Hills home prices at 9-year high

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Laguna Hills Home prices hit a post-recession high for a second straight month, even though sales here slipped in July, housing tracker CoreLogic reported Wednesday.

The median price paid for a Southern California home in July tied June’s nine-year high of $465,000, CoreLogic figures show. That’s the highest for any month since August 2007, when it was $500,000.

The July 2016 median was 7.9 percent below the peak price of $505,000 reached in the spring and summer of 2007, although it’s 18 percent below that peak when adjusted for inflation.

Sales for the region fell 10.7 percent year over year from July 2015, due mainly to there being just 20 business days last month vs. 22 days a month a year earlier. The drop was only about 2 percent in average transctions per day, CoreLogic reported.

A total of 21,705 new and resale houses and condos changed hands last month in the six counties of Orange, Los Angeles, Riverside, San Bernardino, Ventura and San Diego, CoreLogic reported.

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Grant Gerhart

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