REAL ESTATE
Compiled by Michael Flagg, Times staff writer
New homes may be less expensive on average across the state but that’s certainly not the case in Orange County.
The average new home in the county cost $220,291 in July, said TRW Real Estate Market Information, or 10% more than the average used home at $200,399.
Statewide new homes cost nearly 4% less than used homes, the market research firm found: New homes averaged $165,427, used ones $171,826, which is traditionally the case.
But in newer, growth markets such as Orange County, new homes tend to be more expensive, TRW reported.
