For the 22 business days ending June 4 — DataQuick’s freshest stats — Orange County homebuying patterns showed:
- Thirteen of O.C.’s 83 ZIP codes had year-over-year gains in their respective median selling prices. (Highlighted in green below!) Overall, prices were down 11.9% from a year ago.
- Five O.C. ZIPs had median sales prices above $1 million in the period compared to 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.
- Fifty-four O.C. ZIPs had year-over-year sales gains in the period. Overall, sales were up 18.7% from a year ago.
- Ten O.C. ZIPs has sales gains of 100% or more in the period.
- For a detailed report on the price moves, CLICK HERE!
Here’s 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. |
|---|---|---|---|---|---|
| Aliso Viejo | 92656 | $420,000 | -5.6% | 79 | +9.7% |
| Anaheim | 92801 | $282,500 | -21.0% | 39 | +50.0% |
| Anaheim | 92802 | $320,000 | -12.3% | 22 | +100.0% |
| Anaheim | 92804 | $305,000 | -20.5% | 60 | +11.1% |
| Anaheim | 92805 | $316,500 | -11.0% | 80 | +233.3% |
| Anaheim | 92806 | $350,000 | -20.0% | 13 | +0.0% |
| Anaheim | 92807 | $482,500 | -0.5% | 36 | +0.0% |
| Anaheim | 92808 | $440,000 | -17.6% | 24 | -20.0% |
| Brea | 92821 | $498,000 | +6.0% | 16 | -42.9% |
| Brea | 92823 | $573,500 | +10.9% | 5 | +66.7% |
| Buena Park | 90620 | $390,000 | -3.7% | 56 | +51.4% |
| Buena Park | 90621 | $300,000 | -24.1% | 17 | -34.6% |
| Corona del Mar | 92625 | $1,125,000 | -29.7% | 13 | -31.6% |
| Costa Mesa | 92626 | $505,000 | -2.6% | 31 | +19.2% |
| Costa Mesa | 92627 | $485,000 | -9.9% | 39 | +56.0% |
| Cypress | 90630 | $480,000 | +3.7% | 32 | +6.7% |
| Dana Point | 92624 | $562,500 | +132.4% | 12 | +200.0% |
| Dana Point | 92629 | $747,500 | +9.5% | 34 | +30.8% |
| Foothill Ranch | 92610 | $450,000 | -10.9% | 17 | +70.0% |
| Fountain Valley | 92708 | $545,000 | -10.7% | 34 | -22.7% |
| Fullerton | 92831 | $405,000 | -22.5% | 31 | +82.4% |
| Fullerton | 92832 | $304,500 | -40.9% | 11 | +10.0% |
| Fullerton | 92833 | $360,000 | -39.8% | 52 | +52.9% |
| Fullerton | 92835 | $547,500 | -18.9% | 19 | -26.9% |
| Garden Grove | 92840 | $320,000 | -13.7% | 50 | +47.1% |
| Garden Grove | 92841 | $381,000 | -7.1% | 34 | +70.0% |
| Garden Grove | 92843 | $300,000 | -17.8% | 38 | +52.0% |
| Garden Grove | 92844 | $265,000 | -35.4% | 21 | +50.0% |
| Garden Grove | 92845 | $483,750 | +0.8% | 7 | -36.4% |
| Huntington Beach | 92646 | $510,000 | -2.9% | 59 | +13.5% |
| Huntington Beach | 92647 | $477,500 | -16.1% | 38 | +15.2% |
| Huntington Beach | 92648 | $740,750 | -1.2% | 51 | +4.1% |
| Huntington Beach | 92649 | $511,000 | -10.7% | 27 | +3.8% |
| Irvine | 92602 | $580,000 | -1.4% | 28 | -9.7% |
| Irvine | 92603 | $760,000 | -8.4% | 32 | +14.3% |
| Irvine | 92604 | $494,500 | -17.6% | 25 | +25.0% |
| Irvine | 92606 | $546,500 | -14.3% | 20 | +25.0% |
| Irvine | 92612 | $530,000 | +4.7% | 24 | +14.3% |
| Irvine | 92614 | $530,000 | +6.3% | 27 | +28.6% |
| Irvine | 92618 | $436,000 | -12.1% | 21 | +162.5% |
| Irvine | 92620 | $632,500 | -1.9% | 53 | +29.3% |
| Ladera Ranch | 92694 | $535,000 | -22.2% | 45 | +21.6% |
| La Habra | 90631 | $285,000 | -16.8% | 37 | -17.8% |
| La Palma | 90623 | $525,000 | -3.7% | 10 | +0.0% |
| Laguna Beach | 92651 | $1,143,750 | -32.2% | 34 | +70.0% |
| Laguna Hills | 92653 | $367,500 | +18.2% | 39 | -9.3% |
| Laguna Niguel | 92677 | $525,000 | -19.2% | 84 | -5.6% |
| Laguna Woods | 92637 | $231,000 | -3.8% | 19 | -9.5% |
| Lake Forest | 92630 | $400,000 | -6.9% | 51 | -5.6% |
| Los Alamitos | 90720 | $640,250 | -18.2% | 14 | -17.6% |
| Midway City | 92655 | n/a | n/a | n/a | n/a |
| Mission Viejo | 92691 | $390,000 | -18.3% | 48 | +14.3% |
| Mission Viejo | 92692 | $507,500 | +6.5% | 55 | -1.8% |
| Newport Beach | 92660 | $867,000 | -32.8% | 28 | +12.0% |
| Newport Beach | 92661 | $1,375,000 | -16.7% | 5 | -16.7% |
| Newport Beach | 92662 | n/a | n/a | n/a | n/a |
| Newport Beach | 92663 | $600,000 | -30.4% | 14 | -26.3% |
| Newport Coast | 92657 | $1,734,000 | -14.3% | 14 | +27.3% |
| Orange | 92865 | $383,000 | -29.7% | 21 | -22.2% |
| Orange | 92866 | $466,000 | -2.4% | 8 | +100.0% |
| Orange | 92867 | $450,000 | -7.2% | 36 | -10.0% |
| Orange | 92868 | $317,500 | -3.8% | 14 | -17.6% |
| Orange | 92869 | $442,500 | -15.7% | 49 | +53.1% |
| Placentia | 92870 | $424,000 | -9.4% | 45 | +7.1% |
| Ran.S. Margarita | 92688 | $344,750 | -19.8% | 71 | +10.9% |
| San Clemente | 92672 | $525,000 | -33.1% | 35 | +0.0% |
| San Clemente | 92673 | $641,500 | -18.7% | 33 | -13.2% |
| San Juan Capo | 92675 | $285,000 | -22.1% | 32 | -8.6% |
| Santa Ana | 92701 | $120,000 | -48.9% | 44 | +144.4% |
| Santa Ana | 92703 | $228,500 | -25.9% | 64 | +106.5% |
| Santa Ana | 92704 | $265,500 | -21.9% | 51 | +10.9% |
| Santa Ana | 92705 | $310,000 | -49.8% | 54 | +86.2% |
| Santa Ana | 92706 | $335,000 | -29.0% | 27 | +107.7% |
| Santa Ana | 92707 | $225,000 | -15.9% | 75 | +120.6% |
| Seal Beach | 90740 | $730,000 | +16.2% | 17 | +54.5% |
| Stanton | 90680 | $280,500 | -18.2% | 32 | +39.1% |
| Trabuco/Coto | 92679 | $665,000 | -7.5% | 56 | +69.7% |
| Tustin | 92780 | $245,000 | -34.4% | 46 | +12.2% |
| Tustin | 92782 | $732,500 | -1.2% | 59 | +31.1% |
| Villa Park | 92861 | $1,086,500 | +17.5% | 4 | -50.0% |
| Westminster | 92683 | $405,000 | -6.9% | 74 | +60.9% |
| Yorba Linda | 92886 | $545,000 | -24.8% | 53 | +10.4% |
| Yorba Linda | 92887 | $607,500 | +92.9% | 20 | +100.0% |
| Total O.C. | $420,000 | -11.9% | 2,898 | +18.7% |
Corona del Mar home prices down almost 30%. I thought that CdM home prices only go up. I guess Jimmy was wrong after all. LOL
Yea bubble. That must be why single family tear downs within a few blocks of the beach still start north of 2M, if you can find one. Better keep on dreaming.
do you mean like this one?
http://www.redfin.com/CA/Corona-Del-Mar/316-Narcissus-Ave-92625/home/3255882
Oct 07, 2008 Sold $1,200,000 -6.1%/yr Public Records
Sep 02, 2004 Sold $1,550,000 138.7%/yr Public Records
350K loss in just 4 years. Ouch!!!
That’s what I call “a real estate loser”
how about this one
http://www.redfin.com/CA/Corona-Del-Mar/315-Fernleaf-Ave-92625/home/5917891
May 27, 2009 Sold $629,000
Jan 22, 2007 Sold $1,400,000
Can I say “double Ouch!!!”?
The prices are collapsing in CdM
Jimmy, you gotta admit he stayed within your ‘rules’ of ‘SFR tear downs within a few blocks of the beach’ and found at least 2 that were WELL south of $2M
Bull. Where are the active listings that support your fairy tale? There are none.
” Jimmy2 says:
Bull. Where are the active listings that support your fairy tale?
jimmy, are you retarded or you are just pretending to be?
active listings don’t mean anything. What matters is what they sell for. I can ask 3 million for my house. It doesn’t mean anything until somebody actually pays 3 million for it.
LOLLLLLL, major Jimmy OWNAGE by bubbs
Hey Jimbo, isn’t it about time to end your little game of ‘pretend’ ?
That dog don’t hunt no more son
oh, I can find many more homes in CdM that show the same pattern of prices coming down. And so can anybody else. I just picked the first two I found. Unlike Jimmy, I have a job and I can’t waste too much time with him. I just wanted to warn people out there that permabulls like Dealeo, and Jimmy have been wrong for the past couple of years and they continue to be wrong.
http://www.redfin.com/CA/Corona-Del-Mar/237-Iris-Ave-92625/home/3255412
This is what I see. You have posted one condo and the other property was never listed. That must have been a private sale.
Where are the active listings? They only exist in a renters imagination.
Bubble, where did you go? Watching the owner at 237 Iris pickup a cool mil even though prices crashed must make you crazy. What are you going to tell your kids? That you set them back generations by renting?
Jimmy,
You really don’t have a job and you spend your time posting here?
More bad news for the economy: GDP tumbled 5.5% and unemployment claims were up 15,000
home prices UP in thirteen zips— yeah right
care to show us ONE house that was purchased from
05 to 08 that has since resold for MORE– just one?
When median price dropped by a large amount a few years ago you explained that this was due to condo conversions selling in large numbers. Will you make any attempt to explain the big changes now by at least giving the sq. ft. costs so we can be more informed by what is taking place. I didn’t think so.
Bingo Rants! I bought in 01 and figured I would make it through this in a positive light. I looked at my zip and yes I am still up about 20% according to the average they have noted. It is a bit alarming to see it where it is though.
I guess since I am not behind on my mortage and I have made all my payments on time that I would never qualify for some federal interest rate adjustment. Seems like nice guys finish last every time. Makes we wonder if I should go against every thing I have ever been taught about right and wrong, because doing it right hasn’t gotten me any handouts as of late.
Jimmy - Have you checked out 308 Fernleaf? I have, it is a cottage, south of PCH (south of bayside also), couple blocks from the ocean and I can assure you first hand that it can be bought for under $1M. What do you have to say about that?
That is one of those homes near the unstable hillside lining Bayside drive. They have been battling that hillside with plastic for years. Go for it.
true statement.
Bull.
Equivalent of about 3 lots away from any hillside.
If you consider that a gamble you didn’t listen to granny.
The gamble is buying anything at “market” in CDM right now. You know it too, and spend way too much effort trying to convince others otherwise.
How about 60 feet from the problem. Those lots are 30 feet wide, and the third lot starts 60 feet from the slide problem. GO FOR IT.
Ohhh Jimbo,
Backpedaling like the true incompetent imbecile you really are.
The link if anyone cares:
http://www.redfin.com/CA/Corona-Del-Mar/308-Fernleaf-Ave-92625/home/3255415
Jimmy2 says:
June 26, 2009 at 1 pmBubble, where did you go? Watching the owner at 237 Iris pickup a cool mil even though prices crashed must make you crazy. What are you going to tell your kids? That you set them back generations by renting?
Hey Jimbo, Bubbs aleady shut you down above, might as well give it up, you’ve got no traction whatsoever.
Have a nice weekend
I guess that cool 1M on 237 Iris in CdM is fake. Must be a bummer to be a renter.
I’m a buyer waiting on the sidelines and enjoy reading the debates. I personally made an offer on a CDM property on Tahuna Terr. The house came on the market in the $1.7M range. I offered $1.5M early on… the seller felt insulted and decided not to counter. The house closed 2 months ago for $1.350M. There are sales here and there but the general market in CDM is on life support.
i am a realtor that works the irvine terrace. you are on drugs. 1,350,000 on tahuna terrace is fiction. any decent property in corona del mar that is in the south side of the highway is desirable and has a steady stream of buyers. corona del mar seems to continue to attract people that actually have money. you people are big pretenders whose w2 forms would get you laughed out of the area.
trs
I don’t know who Bec is, but after reading your reply over and over, I get the urge to call you out. I am not saying that her/his story is true. I know the Irvine Terrace neighborhood is great and have many friends there, who have redone their homes and they are beautiful. But what I will say is that the majority of CDM residents would never “laugh” at someone over their w2 or call them pretenders. Many of my friends who are from here/ and who remain here, have gotten their homes paid for by their parents,or who work for their parents. Many of whom live in the 92660 and 92625 zips would have absolutely nothing if not for their families support.
But what I do want to ask you is what income does it take to live in CDM? and what percentage of people actually make that amount? I am assuming that a nice home here is 2 million. This takes at LEAST 600,000 year in income that can be verified. Can you tell me that a CEO, or VP working at a huge corp here making 300-350,000 shouldn’t be able to live here? Do you actually think your atitude towards people will bring any potential smart people into you community? Would you laugh at a potential buyers w2 if it said 100,000? to find out they have millions in the bank from inheritance? What makes you so much better? and is your real estate income right now enough to sustain your presence in CDM?
Just asking…..
Tell me can you find a condo in Laguna Beach for $300k?
Bottom!
Mom in CD, Your example of needing to make $600K is flawed because you assume first time buyers are the norm in CDM but in reality most have owned before and owned for years. I wouldn’t be surprised of many put down 40-50%. And a CEO or VP for a large corp makes $500K a year minimum. The bigger the company the bigger the salary.
Shockg
I am not assuming that anyone that buys in CDM would be a first time homebuyer. But outside of your bubble of CA, anywhere else in the country- people are not selling their homes for a million dollars profit. If a company wanted to hire someone from another state, they are not coming to the table with a million down (40-50%). And if you think they will take it out of their stocks right now is not going to happen. Nor would they go live in Costa Mesa. And take your 500K a year that you said- and take out the taxes that we pay CA. It is not worth a lot of higher executives anymore- they are moving away because you can live a better lifestyle and retire earlier in other places.
Also, I think the days of making a million dollars profit on a home after a couple of years is over.
Mom, California has plenty of talented workers right here. I don’t see a big need to recruit executives from out of state. And besides, I don’t believe your made up example that higher paid executives are moving away for a better lifestyle. I don’t think not buying in CDM would be a deal breaker for many. If an executive can’t or doesn’t want to pay $2M for a home in CDM they have many many options at in cities like Anaheim Hills, Villa Park, Yorba Linda etc. The home they could buy in those cities for $1M to $1.5M would actually be more in line with what a high paid executive woud be expect in a home. Oh let me correct my previous post….most executives actually make alot more than their annual salary. Many bring in bonuses that are equal to or more than their average salary so an executive with a $500K salary likely has a total compensation of more than $1M. And yes they are still getting bonuses in this economy. Maybe not like before but its still very common. If you don’t believe me do some research on some publicly traded companies. My example of executive pay can be verified on any publicly traded companies annual reports.
Shock
My husband has been involved in many corporate turnovers and knows all of the in and outs of the corporate pay scales/bonus programs. You are correct that most CEO’s would make enough to buy here. And you are correct with the Anaheim Hills, Yorba Linda (we looked there as well when we moved here). But people from other areas are moving away, it just makes more sense. I think if you have grown up here, or have lived here a long time- the prices make more sense. To others, they just do not. It all comes down to the mentality of if you think the homes are worth it or not, and if you are willing to sacrifice savings for living here.
But my statements towards trs were true, I know of no one around here who would ever “laugh” someone out of here. That was rude and just not true. There are high school coaches living in Irvine Terrace all the way to retired multi millionaires. Only people with no class would act like that. I hope I never buy a home from her/him mistakenly.
in my office, more than half corona del mar purchased are closed with all cash. higher priced corona del mar are mostly all cash.
Really? Hmmm, I do not know about that. I know a McMonigle agent pretty well and have had the cash vs. mortgage convo before. Homes north of $2 million, and I am speaking of their listings only, about 80% are leveraging their cash, or financing through a mortgage. This not to say that you are being untruthful here, but my conversations indicate substantially more leveraging than cash in the ultra luxury market.
your comment reflects what went on before 2008. recently, cash has returned to the luxury market. the rich are reducing stock and bond investments.
Just keep all (Lansners) lairs alive. O.C. is booming.
trs, I would say you are on drugs or not very good at knowing your market, lol… It was listed with Rogers Realty in CDM. The address is 1800 Tahuna Terrace… look it up. It’s on a corner lot with a pool on the non view side. A sensible and informed response would be appreciated.
…but you are a Realtor so that might be a lot to ask.
Here’s the MLS # U8002860 and I found a website that still had pics and a description… http://www.flaney.com/CA/Corona-Del-Mar/1800-Tahuna-Ter-Corona-Del-Mar/U8002860/?type=res&limitstart=0&q=tahuna
The home closed at $1,350,000.