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North O.C. home markets have the most zip

March 7th, 2009, 5:58 am · 21 Comments · posted by Jon Lansner

Orange County’s northern and inland communities have the most zip, according to my Zippy rankings for 2008’s final quarter. These 23 North Inland ZIP codes led my regional slice of Zippys rankings without having the best results in any of the three key categories tracked by the Zippys.

The  Zippys, by the way, are a tally of 3 key home-market performance benchmarks: Pricing and sales momentum (year-over-year change) plus foreclosure density (per homes in neighborhood). Using DataQuick data for most recent quarter we rank O.C.’s 83 ZIPs by this trio of benchmarks and then determine overall ranking by each ZIP’s average ranking.

If you take a deeper peek at the regional Zippy slice you see …

  • The 19 ZIPs comprising South Inland communities had the most pricing momentum in the fourth quarter.
  • The 24 mid-county ZIPs lead the Zippy pack with the strongest sales momentum thanks to deep discounting drawing in a slew of buyers.
  • The 19 beachside ZIPs had the relatively fewest foreclosure problems.

ZIppys by the slice:

Slice Price Sales Forecl. Total
North inland 38.7 37.2 40.3 36.0
South inland 37.0 50.1 37.6 39.1
Beach 40.2 68.7 20.5 43.8
Mid-county 50.3 21.3 62.3 48.5

So, here’s a detailed look at the Zippy rankings sliced by my four geographic slices of Orange County. Listed are average rankings for relative pricing and sales strength and foreclosure frequency. And come back through the weekend for more  Zippy analysis!

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 21 Comments

  • Olivas Salone says:
    March 7, 2009 at 9 am

    Looks like a Sea Change in the Media outlook.

    http://www.thecalifornian.com/article/20090307/LIFESTYLE/903070313/1024/LIFESTYLE

  • OC Music Fan says:
    March 7, 2009 at 10 am

    Looks like a Sea Change in the Media outlook.
    http://www.thecalifornian.com/article/20090307/LIFESTYLE/903070313/1024
    ——-
    Here’s the takeaway from that article:
    “It’s no surprise then, that in Monterey County, the median price of single-family homes in closed sales was $230,000 in January, down from a $500,000 median just a year ago January and down from a peak of $799,500 in August 2007.”
    From $799 to $230K…. at $230K median, houses in OC will sell like hotcakes too. Can’t wait for those days, they are coming….

  • Tom M says:
    March 7, 2009 at 11 am

    Boy, your dumb enough to believe that crap. Why don’t you ask the unemployed woman who is handing our her resume on the corner of Von Karmen about her outlook for housing.

  • shockg says:
    March 7, 2009 at 12 pm

    Haha Jon keep em coming. I love to see the angry renters squirm.

  • Julius says:
    March 7, 2009 at 1 pm

    What a joke…now with the “new program” bailout-homeowners, the real estate, and bankers are jacking up prices to keep the owners in their houses,NOT matter how, again, and again, another fraud from them, because in five years from now they will default again, and then with a free-fall with nobody’s help.

  • Olivas Salone says:
    March 7, 2009 at 1 pm

    Tom why don’t you go down and ask her then you can tell us all about.

  • ex_owner_now_renter says:
    March 7, 2009 at 1 pm

    When ex-owners return.. will have a bottom.. acording to FHA the wait time has been increased after forclosure… so.. 2007+5-2012 at the earliest.. could be 2014

    KEEP DREAMING SEAN!

  • John Warren says:
    March 7, 2009 at 3 pm

    I really enjoy seeing the builder ads touting the 18,000 tax credit on their 1,000,000 tract homes. good luck, oil is going up again and should effectively kill any thought of buying in the outlands. I am sure the CA tax increase will help as well. People are moving out for jobs, not staying here for houses.

  • Tom M says:
    March 7, 2009 at 6 pm

    Olivas Salone,

    No need to ask her, I can ask you. Your one of the unemployed who calls themselves a RE agent. The only other possibility is your one of the screwed buyers.

  • own_home says:
    March 7, 2009 at 8 pm

    By the end of this spring, people will forget about housing problem in OC. There will be sufficient buyers at the current prices.

    Unemployment, foreclosures, …. will be problems to address in other parts of US. The current SFR prices in OC have already taken that into account and they cannot be any much worse than they are now.

  • Mike Hawk says:
    March 7, 2009 at 10 pm

    own_home (with submarine like view)
    thank you for radioing back
    “Houston, we have a problem”
    Spring ends in June 2009!
    OC is special (that sound familiar) foreclosures, unemployment
    not a problem in our universe.
    Thanks for calling right now as the bottom for SFR, right now.
    Can’t wait for Dataquicks #s next month.
    I would call a realtor but I decided to use
    http://www.redfin.com/home
    in 2015 when SFR finally bottoms after a lenthy drop in prices
    that followed the microscopic head fake of 2009
    that left you looking for the jock strap you were faked out of!

  • Olivas Salone says:
    March 8, 2009 at 6 am

    Tom, do you share the stick with Bill? If that helps you sleep at nignt have at it, but it’s just another indication of what a baby you are. You can’t argue the messege so you attack the messenger. What’s it like to be Elmer Fudd in a Bugs Bunny world?

  • Bill says:
    March 8, 2009 at 6 am

    Tom M
    .
    You hit the nail on the head.
    .
    Olivas Salone and own_home are either bubble buyers or unemployed realtors.
    .
    Both are facing some very tough times ahead. But remember their problems were self inflicted by their own stupidity followed by their ignorant greed and virtually no business skills at all.
    .
    Greedy bubble buyers hoping to get rich are instead becoming homeless street bums.
    .
    Realtors pricing appraisals to unrealistic values for their own greedy commissions have only guaranteed themselves of very little to no sales volumes for years to come.
    .
    Temporary interest rate cuts and balloon payments will only put a heavier burden on these bubble buyers, guaranteeing foreclosure when they are once again forced to refinance into inflated interest rates down the road, which will also influence even greater price declines.
    .
    Olivas Salone and own_home will find out the hard way, after spending thousands of dollars in a no win situation just how stupid they really are.

  • mav says:
    March 8, 2009 at 6 am

    what i love about this blog is less than 10% of the people even bother to read the articles, links, and post….
    even Salone didn’t bother to read his own article, preferring to just digest a headline to his IQ below 70 burnt speculator brain…
    this is directly from Oh-leave-him-alone-Salone’s article….
    .
    “What we are seeing is that prices and activity are reflective of 1999,” said Kim DiBenedetto, the current president of MCAR. “Some 85 percent of the market in the Salinas area is an REO [bank-owned] or short sale. So what we are seeing is the number of sales going high as the median price goes down.”
    Calhoun found some areas in Monterey County with distressed properties composing nearly 100 percent of sales.”
    .
    Salone…. even rants would be a buyer at 1999 prices… really no surprise… lllloooolll@ribsplitter…..

  • mav says:
    March 8, 2009 at 6 am

    own_home, LSD must be one hell of a drug…
    ————————————————————
    # own_home Says:
    March 7th, 2009 at 8:49 pm

    By the end of this spring, people will forget about housing problem in OC. There will be sufficient buyers at the current prices.

    Unemployment, foreclosures, …. will be problems to address in other parts of US. The current SFR prices in OC have already taken that into account and they cannot be any much worse than they are now.

  • Olivas Salone says:
    March 8, 2009 at 7 am

    At least I finally got you read one all the way through, and that wasn’t the point. The point was that there seems to be a change in the reporting by the Media from complete doom and gloom to “Rosey”? That’s why I have to laugh at you guys, you’ve got your nose’s buried so deep in eachothers bums you can’t even see the world around you anymore.

  • mav says:
    March 8, 2009 at 7 am

    Salone, the Steve Thomas side of the media has been rosey through the entire global economic crash…….. you know, that pesky global economic crash that is not even half way through deleveraging and unwinding?… with the only comparable being GD1….. yeah that one…..
    .
    http://dshort.com/charts/bears/four-bears-large.gif

  • Olivas Salone says:
    March 8, 2009 at 7 am

    Bill I see you’re up bright and early with that stick already in place.

  • Olivas Salone says:
    March 8, 2009 at 7 am

    ooooh Mav’s got a chart.

  • Gerwin says:
    March 9, 2009 at 4 am

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    Hometownrenter.com can help you in your search for a studio apartment, 1-, 2-, or 3-bedroom apartment or condo, duplex, efficiency, loft or any size house available for rent in your local and the surrounding areas.

    I have used this site for a long time and it always delivers results!

    http://www.HomeTownRenter.com