‘96 Home-Buying, by the Numbers
Median Price
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Characteristic Los Angeles County Orange County First Homes $171,500 $174,800 Repeat Buyers $203,000 $235,600
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Median Household Income:
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Characteristic Los Angeles County Orange County First-Time Buyers $54,500$67,100 Repeat Buyers $82,500 $85,700
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Average Monthly Payment:
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Characteristic Los Angeles County Orange County First-Timer Buyers $1,230 $1,176 Repeat Buyers $1,465 $1,438
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Percentage of:
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Characteristic Los Angeles County Orange County First-Time Buyers 51.5% 36.7% Repeat Buyers 48.5% 63.3%
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Average Age:
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Characteristic Los Angeles County Orange County First-Time Buyers 32.4 years 31.1 years Repeat Buyers 42.9 43.8
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Number of Houses Looked at:
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Characteristic Los Angeles County Orange County 15.2 12.0
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Percentage who:
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Characteristic Los Angeles County Orange County Bought New Homes 9.7% 22% Bought Used Homes 90.3% 78%
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Average Time to Save Down payment
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Characteristic Los Angeles County Orange County First-Timer Buyers 3 years 3.2 years
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Source: “Who’s Buying Homes in America,” Chicago Title and Trust.