Archive for October, 2011

October 31, 2011

Priciest ZIP/ Newport Beach 92661

 

Home sales dip in 42 ZIPs! Yours?

October 28th, 2011, 1:51 pm · · posted by Jon Lansner

For the 22 business days ending October 14 — DataQuick’s freshest stats — the Orange County real estate market had homebuying patterns showing:

 
Slice Price Ch. Sold Ch.
House $475,000 -5% 1,697 +2%
Condo $265,000 -8% 659 -15%
New $604,000 +1% 147 -21%
All OC $420,000 -5% 2,503 -4%

24 of O.C.’s 83 ZIP codes with gains in their respective median selling price. Overall, buyers’ prices were -4.5% vs. a year ago.

Taking sales volume in consideration, home-sale pricing is up in ZIPs representing 46% of the Orange County market.

6 of 83 O.C. ZIPs with median sales prices above $1 million in the period vs. 11 million-dollar ZIPs when the county median price peaked in June 2007. Since that pricing pinnacle, there’s been a 35% drop in the countywide median price!

Priciest ZIP? Newport Beach 92661 with a $1,900,000 median selling price.

Current million-dollar ZIPs were 4% of all sales in the most recent period tracked.

Cheapest ZIP? Laguna Woods 92637 with a $179,000 median selling price.

There were 6 ZIPs with medians under $250,000 vs. 3 a year ago. ZIPs with medians under a quarter million had 6% of all sales in the most recent period.

42 of 83 O.C. ZIPs had year-over-year sales declines in the period — or 51% of the market.

Overall, countywide sales were down 4.3% vs. a year ago.

1 of 83 O.C. ZIPs has sales gains of 100% or more in the period at the same time as 2 had sales drops greater than 50%!

NOTE! 12 local ZIPs had both sales gains and price gains in the period. These double-gainers had combined sales volume equal to 14% of the Orange County market.

Below is a look at the 83 ZIPs and how they fared in terms of median selling price and total sales for this period.

Town ZIP Price Yr. chg. Sales Yr. chg.
Newport Beach 92661 $1,900,000 +52.8% 4 -33.3%
Newport Beach 92662 $1,590,000 -43.2% 3 +50.0%
Newport Coast 92657 $1,470,000 +10.9% 17 +0.0%
Corona del Mar 92625 $1,270,000 -18.1% 14 -26.3%
Laguna Beach 92651 $1,200,000 +6.7% 38 +31.0%
Irvine 92603 $1,045,000 +61.4% 25 +19.0%
Newport Beach 92660 $850,000 -24.4% 41 +17.1%
Los Alamitos 90720 $798,500 +16.6% 15 -34.8%
Huntington Beach 92648 $745,000 +18.3% 40 -14.9%
Irvine 92602 $716,500 +30.3% 21 +10.5%
Villa Park 92861 $706,500 -24.3% 4 -33.3%
Yorba Linda 92887 $697,500 +17.9% 23 -11.5%
San Clemente 92673 $682,000 -5.9% 43 -15.7%
Newport Beach 92663 $670,000 -10.7% 23 -17.9%
Huntington Beach 92649 $665,000 +4.2% 35 +52.2%
Trabuco/Coto 92679 $642,000 +0.3% 40 -14.9%
Seal Beach 90740 $622,500 -2.9% 14 +27.3%
Dana Point 92629 $615,000 +9.8% 31 +24.0%
Irvine 92620 $610,000 -20.3% 29 -46.3%
Irvine 92618 $607,000 -9.5% 33 -10.8%
Yorba Linda 92886 $571,000 -16.6% 65 +12.1%
Irvine 92606 $556,250 +9.0% 10 +66.7%
Santa Ana 92705 $533,750 +3.6% 37 +8.8%
La Palma 90623 $530,000 +7.1% 8 +100.0%
Costa Mesa 92626 $505,000 -0.6% 34 +0.0%
Irvine 92614 $500,500 +4.8% 18 -5.3%
Huntington Beach 92646 $500,000 -2.7% 61 +19.6%
Dana Point 92624 $498,000 -37.2% 9 +12.5%
Fountain Valley 92708 $481,000 -8.4% 48 +41.2%
Laguna Hills 92653 $480,000 +38.4% 21 -30.0%
Brea 92821 $477,500 -2.1% 43 +43.3%
Mission Viejo 92692 $468,500 -6.3% 50 -16.7%
Anaheim 92808 $450,000 -14.5% 25 -32.4%
Fullerton 92835 $450,000 -21.1% 25 +19.0%
Cypress 90630 $445,000 -11.9% 43 +65.4%
Irvine 92604 $444,000 -17.8% 27 +28.6%
Huntington Beach 92647 $440,000 -10.4% 24 +0.0%
Laguna Niguel 92677 $440,000 -9.7% 66 -19.5%
Costa Mesa 92627 $433,500 -13.1% 32 -13.5%
Garden Grove 92845 $433,500 +1.0% 14 +40.0%
Orange 92867 $430,500 -9.2% 36 +28.6%
Anaheim 92807 $430,000 -7.9% 46 +7.0%
Tustin 92782 $430,000 -14.6% 30 +66.7%
Aliso Viejo 92656 $429,250 +17.3% 81 +12.5%
Placentia 92870 $428,500 -3.8% 44 -13.7%
Orange 92869 $427,500 +9.6% 29 -6.5%
Irvine 92612 $420,000 -2.0% 31 +3.3%
Ladera Ranch 92694 $420,000 -22.4% 35 -18.6%
San Clemente 92672 $419,000 -21.7% 26 -27.8%
Orange 92865 $415,000 -3.3% 20 +5.3%
Orange 92866 $405,000 +92.9% 5 +25.0%
San Juan Capistrano 92675 $392,500 -6.5% 44 -4.3%
Mission Viejo 92691 $385,000 -9.4% 49 +32.4%
Rancho Santa Margarita 92688 $373,750 -6.3% 58 -13.4%
Garden Grove 92841 $360,000 -4.0% 27 -10.0%
Tustin 92780 $360,000 -7.7% 28 -20.0%
Westminster 92683 $360,000 -13.0% 45 -22.4%
Santa Ana 92706 $358,500 -5.0% 18 -10.0%
Anaheim 92806 $355,500 -13.7% 13 -40.9%
Brea 92823 $339,250 -27.0% 2 -66.7%
Lake Forest 92630 $335,000 -13.0% 45 -29.7%
Anaheim 92804 $334,000 -3.2% 35 -12.5%
Fullerton 92833 $331,750 -7.8% 36 -10.0%
Anaheim 92802 $331,000 +5.6% 13 -53.6%
Buena Park 90620 $330,000 -12.5% 38 +0.0%
Buena Park 90621 $325,000 -13.4% 17 -22.7%
Midway City 92655 $317,000 -0.9% 5 +66.7%
Garden Grove 92843 $315,000 -1.6% 19 -17.4%
Garden Grove 92840 $313,000 -8.1% 29 -32.6%
Fullerton 92831 $297,500 -1.2% 18 -33.3%
Orange 92868 $296,250 -12.7% 12 +9.1%
Fullerton 92832 $296,000 +15.9% 10 -16.7%
Anaheim 92801 $295,000 -4.8% 25 -39.0%
Anaheim 92805 $292,500 -10.0% 43 +26.5%
Santa Ana 92704 $280,000 -7.4% 51 +15.9%
La Habra 90631 $275,000 -12.7% 52 +0.0%
Santa Ana 92703 $272,500 -0.9% 36 +56.5%
Garden Grove 92844 $240,500 -10.6% 15 -34.8%
Stanton 90680 $237,500 -13.6% 20 -25.9%
Santa Ana 92707 $230,000 -13.2% 34 +9.7%
Foothill Ranch 92610 $205,000 -31.1% 16 +33.3%
Santa Ana 92701 $195,500 +40.1% 24 -20.0%
Laguna Woods 92637 $179,000 +8.2% 41 +28.1%
Total O.C.