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JUNE 2014: The housing market in Orange County, CA stabilizes. Inventory levels regularize and brisk sales indicate a strong economy with average appreciation in all price sectors of the market.  The foundation for this Real Estate recovery is based on price peaks just prior to the crash in 2008. Strong sales in luxury coastal properties as well as favorable interest rates create a healthy overall market.

 

 

FEB 2014: OC SFR Home prices jump 19.7% annually to the largest increase since 2004. Compelling data for sellers to list and quell inventory and demand imbalances

2013 SUMMARY: OC CA metro area is the 4th highest in the nation with median home prices of $672,680 up about $111,000 from September 2012 stats. New construction median home prices are even higher around $736,000. Both resale & new median home prices in OC are higher than LA county.

MARKET DATA

 

  

Zip Median % Change Sales % Change
All homes   $560,000 25.8% 3,477 4.2%
Total resale houses   $625,000 20.7% 2,211 -1.7%
Total condominiums   $364,000 23.4% 965 0.1%
Total new homes   $707,000 28.3% 301 142.7%
Aliso Viejo 92656 $502,000 36.7% 95 -18.1%
Anaheim 92801 $395,000 17.6% 26 -13.3%
Anaheim 92802 $367,500 21.9% 19 -34.5%
Anaheim 92804 $410,000 20.6% 58 -12.1%
Anaheim 92805 $367,500 15.6% 40 8.1%
Anaheim 92806 $450,000 25.3% 27 -12.9%
Anaheim 92807 $517,500 28.7% 46 -11.5%
Anaheim 92808 $592,500 57.0% 40 -4.8%
Brea 92821 $646,250 26.1% 49 88.5%
Brea 92823 $735,000 25.6% 4 -20.0%
Buena Park 90620 $417,500 11.3% 41 20.6%
Buena Park 90621 $387,500 10.1% 23 -17.9%
Corona del Mar 92625 $1,950,000 28.8% 20 -33.3%
Costa Mesa 92626 $600,000 17.6% 36 -2.7%
Costa Mesa 92627 $590,000 29.7% 46 12.2%
Cypress 90630 $490,000 16.0% 49 2.1%
Dana Point 92624 $1,108,000 97.9% 5 -50.0%
Dana Point 92629 $750,000 19.3% 43 -30.6%
Foothill Ranch 92610 $403,000 1.4% 11 -50.0%
Fountain Valley 92708 $620,000 17.9% 65 35.4%
Fullerton 92831 $500,000 -2.9% 22 4.8%
Fullerton 92832 $420,000 37.7% 16 0.0%
Fullerton 92833 $470,000 23.7% 55 12.2%
Fullerton 92835 $580,000 8.4% 30 -14.3%
Garden Grove 92840 $350,000 17.6% 35 -35.2%
Garden Grove 92841 $450,500 43.0% 34 88.9%
Garden Grove 92843 $347,500 -1.6% 36 -7.7%
Garden Grove 92844 $345,000 -11.3% 11 -52.2%
Garden Grove 92845 $505,000 16.1% 14 -6.7%
Huntington Beach 92646 $660,500 54.9% 78 14.7%
Huntington Beach 92647 $573,500 14.7% 45 4.7%
Huntington Beach 92648 $700,000 21.7% 51 -7.3%
Huntington Beach 92649 $759,000 28.6% 53 6.0%
Irvine 92602 $673,250 15.1% 25 -7.4%
Irvine 92603 $1,002,500 3.9% 36 -2.7%
Irvine 92604 $642,000 18.9% 32 -13.5%
Irvine 92606 $685,000 15.1% 13 30.0%
Irvine 92612 $617,500 27.6% 42 -6.7%
Irvine 92614 $696,000 58.5% 20 -20.0%
Irvine 92618 $700,250 30.9% 71 54.3%
Irvine 92620 $660,000 18.2% 135 80.0%
Ladera Ranch 92694 $682,500 28.2% 62 0.0%
La Habra 90631 $394,000 23.1% 52 -18.8%
La Palma 90623 $600,000 11.5% 12 33.3%
Laguna Beach 92651 $1,550,000 13.1% 44 0.0%
Laguna Hills 92653 $605,000 30.0% 49 36.1%
Laguna Niguel 92677 $675,000 33.2% 98 -20.3%
Laguna Woods 92637 $240,000 -0.8% 54 25.6%
Lake Forest 92630 $485,000 14.1% 75 -7.4%
Los Alamitos 90720 $692,500 -4.2% 17 -15.0%
Midway City 92655 $437,500 16.7% 4 33.3%
Mission Viejo 92691 $530,000 20.9% 76 -11.6%
Mission Viejo 92692 $585,000 17.7% 88 2.3%
Newport Beach 92660 $1,395,000 14.3% 55 -21.4%
Newport Beach 92661 $1,680,000 12.9% 6 0.0%
Newport Beach 92662 $8,350,000 n/a 1 n/a
Newport Beach 92663 $1,049,500 -18.3% 28 -6.7%
Newport Coast 92657 $2,085,000 -14.1% 28 0.0%
Orange 92865 $460,000 15.0% 31 34.8%
Orange 92866 $518,500 -2.4% 12 0.0%
Orange 92867 $621,500 36.6% 45 18.4%
Orange 92868 $358,000 18.7% 10 -28.6%
Orange 92869 $570,000 20.0% 56 5.7%
Placentia 92870 $540,000 11.3% 66 24.5%
Rancho Santa Margarita 92688 $444,500 12.1% 89 0.0%
San Clemente 92672 $599,000 1.6% 45 -8.2%
San Clemente 92673 $815,000 16.9% 53 39.5%
San Juan Capistrano 92675 $674,500 43.5% 52 6.1%
Santa Ana 92701 $304,000 36.9% 30 0.0%
Santa Ana 92703 $307,500 7.9% 21 -12.5%
Santa Ana 92704 $359,000 33.5% 50 -9.1%
Santa Ana 92705 $738,000 28.9% 48 2.1%
Santa Ana 92706 $497,500 28.7% 29 -14.7%
Santa Ana 92707 $299,500 1.5% 34 -5.6%
Seal Beach 90740 $739,000 20.7% 31 121.4%
Stanton 90680 $320,000 12.3% 23 -14.8%
Trabuco/Coto 92679 $792,000 21.5% 61 -7.6%
Tustin 92780 $500,000 38.5% 45 7.1%
Tustin 92782 $690,000 46.8% 31 -54.4%
Villa Park 92861 $1,300,000 18.2% 7 -53.3%
Westminster 92683 $500,000 25.9% 52 -14.8%
Yorba Linda 92886 $725,000 22.9% 88 15.8%
Yorba Linda 92887 $645,500 -2.3% 39 116.7%

 

 

 

 

AUGUST 2013: OC HOME SALES ROSE BY 42% OVER THE LAST YEAR.  LAST MONTH 4402 HOMES SALES WERE RECORDED COMPARED TO 3087 IN 2012. THIS CAN BE ATTRIBUTED TO RISING DEMAND AND EQUITY IMBALANCES SHIFTING ALLOWING MORE HOMEOWNERS TO SELL THEIR HOMES PROFITABLY.

 

 

AUGUST 2013: OC HOME SALES ROSE BY 42% OVER THE LAST YEAR.  LAST MONTH 4402 HOMES SALES WERE RECORDED COMPARED TO 3087 IN 2012. THIS CAN BE ATTRIBUTED TO RISING DEMAND AND EQUITY IMBALANCES SHIFTING ALLOWING MORE HOMEOWNERS TO SELL THEIR HOMES PROFITABLY.

The most brisk  July sales since 2005 begs to question if home price increases of 19.9% in July and sales increases of 42.6% from a year ago are  sustainable? 

   

   OC Home prices up 29.4% from 2012. OC has the fastest declining inventory in the nation down 36.6% compared to national averages.     

  

A building boom is well on its way in South Orange County CA. Sendero in Rancho Mission Viejo a new master planned community will provide 14,000 homes upon compleation in the next two decades.

GREAT PARK NEIGHBORHOODS HAVE BROKEN GROUND THE FIRST NEW NEIGHBORHOOD OF PAVILLION PARK WILL BRING 726 SFR's AND CONDO TO THE OC REAL ESTATE MARKET

Orange County, the priciest market in Southern California, has seen its median home price rise 24% over the last year to $540,000 in May, according to real estate research firm DataQuick. 

JUNE 2013  

As of June 24 2013 there were about 6,067 single family and condo homes listed for sale in Orange County California. The median asking price of these homes was approximately 99,900. Since this time last year, the inventory of homes for sale has decreased by 45.6% and the median price has increased by 36.4%.  

http://www.deptofnumbers.com/asking-prices/california/orange-county/

As of June 24 2013 there were about 6,067 single family and condo homes listed for sale in Orange County California. The median asking price of these homes was approximately $599,900. Since this time last year, the inventory of homes for sale has decreased by 45.6% and the median price has increased by 36.4%.

June 24, 2013

Month/Month

Year/Year

Median Asking Price

$599,900

+3.4%

+36.4%

Home Listings/Inventory

6,067

+2.5%

-45.6%

MAY 2013

Orange County Home Sale Activity

for Home Sale

http://www.dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx es Recorded in May 2013  

 

FEBRUARY 2013

www.ocregister.com    

O.C. home sales up 30% to 7-year high

Low Inventory = Demand Demand = Top $$$ 

The median home price was up 17.3 percent from levels a year ago

Orange County home sales hit their highest level for a January in seven years last month, rising 29.9 percent over the previous January, DataQuick reported this morning. And at $460,000, the median Orange County home price hit a five-year high for a January. The latest housing report shows that a housing recovery that bloomed in mid-2012 continues to roar. According to the La Jolla-based real estate trackingfirm, Orange County home sellers closed 2,431 transactions in January, compared with fewer than 1,900 a year earlier.

While January typically is the slowest month of the year – reflecting deals reached during the hanksgiving-Christmas holidays – that’s the mostsales for the month since January 2006. The median home price – or price at the midpoint of all sales – was up 17.3 percent from year-ago levels and was the second-highest median for any month since home prices melted down in 2008.

“This fledgling housing recovery has momentum,”DataQuick President John Walsh was quoted as sayingin Wednesday’s news release. “Already, price hikes have caused some to question whether it’s sustainable, whether it’s a ‘bubble.’ Let’s not forget, though, that we’re still climbing out of a deep hole from the housing downturn.”

Prices and sales were up across the six-county Southern California region, with the regionwide median home price up 23.5 percent to $321,000, DataQuick reported. SoCal sales increased 10.6 percent year-over-year, Rising to 16,058 closed deals.

From the OC Register

Home Sale Revenues hit 7-year high - November 30th 2012

http://lansner.ocregister.com/2012/11/30/home-sale-revenues-hit-7-year-high/168109/

O.C home sales, prices up 5th straight month - Oct 12th 2012

http://www.ocregister.com/articles/percent-374443-sales-month.html

Mortgage rates are the lowest in 60 years. Active listings in Corona Del Mar, Irvine, Newport Beach and Newport Coast are lower by 50% than in 2003, which was the beginning of the last Real Estate Boom. These statistics and our research quantify the extremely low supply of active listings, increasing demand, and the lowest interest rates in recent history, setting the stage for OC property prices to rise sharply - Market Analysis by Aniya Gill (Oct 2012)  

Market Update August 25th 2012

http://www.ocregister.com/articles/homebuying-369528-orange-county.html

6,606 fewer homes for sale in OC August 27th 2012

http://www.ocregister.com/articles/inventory-369660-orange-report.html

21 OC zip codes see price increases - Is your one of them? Aug 25, 2012

http://lansner.ocregister.com/2012/06/23/is-your-zip-1-of-21-with-rising-home-sales-prices/163965/

http://www.occahomesearch.com/idx/index.php?cont=page1

 
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