For the 22 business days ending June 10 – DataQuick’s freshest stats — Orange County homebuying patterns showed:
- 9 of O.C.’s 83 ZIP codes had gains in their respective median selling price. (Highlighted in green below!) Overall, prices were -12.2% vs. a year ago.
- 5 of O.C. ZIPs had 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!
- 50 of O.C. ZIPs had year-over-year sales gains in the period. Overall, sales were +14.3% vs. a year ago.
- 6 of 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 | $432,500 | -2.8% | 81 | +3.8% |
| Anaheim | 92801 | $290,000 | -18.9% | 46 | +76.9% |
| Anaheim | 92802 | $335,500 | -11.7% | 21 | +61.5% |
| Anaheim | 92804 | $305,000 | -20.2% | 64 | +14.3% |
| Anaheim | 92805 | $317,000 | -5.8% | 70 | +150.0% |
| Anaheim | 92806 | $378,000 | -16.0% | 13 | -23.5% |
| Anaheim | 92807 | $475,000 | -5.9% | 30 | -11.8% |
| Anaheim | 92808 | $378,000 | -28.5% | 24 | -27.3% |
| Brea | 92821 | $436,000 | -7.2% | 19 | -20.8% |
| Brea | 92823 | $573,500 | +10.9% | 5 | +66.7% |
| Buena Park | 90620 | $387,500 | -3.5% | 53 | +39.5% |
| Buena Park | 90621 | $333,000 | -16.8% | 18 | -25.0% |
| Corona del Mar | 92625 | $1,262,500 | -23.5% | 15 | -25.0% |
| Costa Mesa | 92626 | $495,000 | -4.8% | 36 | +33.3% |
| Costa Mesa | 92627 | $484,500 | -10.9% | 38 | +65.2% |
| Cypress | 90630 | $482,000 | +4.1% | 35 | -5.4% |
| Dana Point | 92624 | $530,000 | -11.2% | 10 | +100.0% |
| Dana Point | 92629 | $725,000 | -2.0% | 43 | +72.0% |
| Foothill Ranch | 92610 | $455,000 | -14.2% | 17 | +88.9% |
| Fountain Valley | 92708 | $524,500 | -11.1% | 28 | -45.1% |
| Fullerton | 92831 | $403,000 | -1.7% | 29 | +16.0% |
| Fullerton | 92832 | $300,000 | -30.2% | 14 | +0.0% |
| Fullerton | 92833 | $341,000 | -37.3% | 51 | +21.4% |
| Fullerton | 92835 | $547,500 | -18.9% | 21 | -25.0% |
| Garden Grove | 92840 | $310,000 | -18.4% | 42 | +0.0% |
| Garden Grove | 92841 | $380,000 | -5.0% | 34 | +61.9% |
| Garden Grove | 92843 | $320,000 | -12.3% | 37 | +68.2% |
| Garden Grove | 92844 | $250,000 | -34.2% | 21 | +50.0% |
| Garden Grove | 92845 | $430,000 | -10.4% | 7 | -53.3% |
| Huntington Beach | 92646 | $508,750 | -9.4% | 58 | -4.9% |
| Huntington Beach | 92647 | $500,000 | -11.5% | 38 | +22.6% |
| Huntington Beach | 92648 | $800,000 | -2.1% | 50 | +22.0% |
| Huntington Beach | 92649 | $525,000 | -8.2% | 28 | +0.0% |
| Irvine | 92602 | $570,500 | -0.8% | 29 | +0.0% |
| Irvine | 92603 | $760,000 | -9.1% | 33 | +17.9% |
| Irvine | 92604 | $495,000 | -17.5% | 23 | +21.1% |
| Irvine | 92606 | $557,000 | -7.8% | 19 | +0.0% |
| Irvine | 92612 | $500,000 | -1.0% | 25 | +25.0% |
| Irvine | 92614 | $530,000 | -11.7% | 25 | +13.6% |
| Irvine | 92618 | $435,000 | -22.1% | 18 | +80.0% |
| Irvine | 92620 | $570,000 | -14.6% | 52 | +10.6% |
| Ladera Ranch | 92694 | $508,000 | -23.6% | 46 | +17.9% |
| La Habra | 90631 | $267,500 | -23.0% | 42 | -10.6% |
| La Palma | 90623 | $525,000 | -4.5% | 10 | +11.1% |
| Laguna Beach | 92651 | $1,300,000 | -16.1% | 35 | +94.4% |
| Laguna Hills | 92653 | $367,500 | +17.9% | 41 | -8.9% |
| Laguna Niguel | 92677 | $460,000 | -27.2% | 88 | -2.2% |
| Laguna Woods | 92637 | $230,500 | -3.8% | 18 | -21.7% |
| Lake Forest | 92630 | $375,000 | -12.8% | 55 | -15.4% |
| Los Alamitos | 90720 | $649,000 | -17.3% | 14 | -22.2% |
| Midway City | 92655 | $330,000 | -17.0% | 1 | -50.0% |
| Mission Viejo | 92691 | $410,000 | -13.7% | 47 | +0.0% |
| Mission Viejo | 92692 | $500,000 | +6.2% | 59 | +7.3% |
| Newport Beach | 92660 | $690,000 | -39.9% | 27 | +3.8% |
| Newport Beach | 92661 | $1,736,000 | +5.2% | 4 | -33.3% |
| Newport Beach | 92662 | n/a | n/a | n/a | n/a |
| Newport Beach | 92663 | $600,000 | -50.0% | 17 | -5.6% |
| Newport Coast | 92657 | $1,650,000 | -13.7% | 16 | +6.7% |
| Orange | 92865 | $387,500 | -28.1% | 21 | -27.6% |
| Orange | 92866 | $492,000 | +3.0% | 9 | +125.0% |
| Orange | 92867 | $440,000 | -10.2% | 37 | -2.6% |
| Orange | 92868 | $342,500 | +1.8% | 12 | -33.3% |
| Orange | 92869 | $432,500 | -18.0% | 51 | +64.5% |
| Placentia | 92870 | $430,000 | -7.6% | 47 | +20.5% |
| Ran.S. Margarita | 92688 | $390,000 | -9.3% | 72 | +16.1% |
| San Clemente | 92672 | $530,000 | -35.2% | 36 | +2.9% |
| San Clemente | 92673 | $637,000 | -18.1% | 34 | -20.9% |
| San Juan Capo | 92675 | $392,500 | -14.7% | 29 | -17.1% |
| Santa Ana | 92701 | $135,000 | -44.9% | 46 | +142.1% |
| Santa Ana | 92703 | $227,500 | -25.9% | 49 | +53.1% |
| Santa Ana | 92704 | $260,000 | -23.5% | 51 | +13.3% |
| Santa Ana | 92705 | $317,500 | -48.8% | 54 | +74.2% |
| Santa Ana | 92706 | $325,000 | -18.8% | 32 | +166.7% |
| Santa Ana | 92707 | $225,000 | -22.8% | 66 | +43.5% |
| Seal Beach | 90740 | $715,000 | +18.5% | 14 | +16.7% |
| Stanton | 90680 | $271,000 | -20.2% | 32 | +45.5% |
| Trabuco/Coto | 92679 | $659,000 | -9.8% | 55 | +66.7% |
| Tustin | 92780 | $245,000 | -27.4% | 44 | +22.2% |
| Tustin | 92782 | $693,000 | -12.2% | 65 | +38.3% |
| Villa Park | 92861 | $1,300,000 | -8.0% | 5 | -28.6% |
| Westminster | 92683 | $400,000 | -9.8% | 77 | +51.0% |
| Yorba Linda | 92886 | $580,000 | -23.1% | 50 | +2.0% |
| Yorba Linda | 92887 | $630,000 | +86.9% | 22 | +100.0% |
| Total O.C. | $420,500 | -12.2% | 2,915 | +14.3% |
Prices down 12% YoY. 2900 units sold in June = avg sales volume in OC still down 40%, even despite record low rates and 18K in available Govt housing welfare.
Glad I could clear that up for you.
OMG, home prices in Corona del Mar are down 23.5% and sales are down 25%!!!
More bad news for Jimmy. No wonder you we don’t see him on this blog that often anymore.
After saying that CdM will never go down in price, he must be embarrassed to come here. .
us and them. us is the well to do newport owners. us have millions in home equity. them is renters. them are broke. them are mad. them need help from a doctor. bubble is one of them.
LOL
New terminology - “Rent envy” = The condition of TRS - wishing you were “them”…
“Them” renters that have no backbreaking mortgage? pay ridiculously low rent while you struggle to come up with the difference every month?… “them” renters who have actual cash savings in the bank? and are waiting to buy your house out from under you when your bank kicks you out? Them?
Rent envy. I see it all the time.
50 zips with sales gains…ut oh. Wow Bogeyrantswood is on a damage control mission today!
I hear old man Higgins is gonna build another plant here. With all them new jobs there is no tellen where prices will rise to.
83 ZIP’s are 40% below normal historic levels!
And then you wake up.
bill your IQ leve is 40% below normal historic levels!!!
No.
You’re the one that’s foreclosing on a bubble home, remember!
Yeah and the gap is shrinking every month.
You must be hoping for permanent moratoriums.
Once the fudge factor exhausts itself people like you will be able to clearly see reality again.
Why the government likes to play games with people like you is anyone’s guess!
Maybe they think it will fool you into buying another bubble house….lol
how can that be when the unemp numbers are stagering . what happens to those displaced familys?. All that matters is get em in kick em out. No loyalty.
hey realtors- are any of these newly unemployed your
former co-workers? california is issuing IOU’S– their
unemployment fund is broke- and the numbers of newly
unemployed surged in june– BUT miraculously the real
estate market is booming like its 1999– yep makes sense
http://economy.freedomblogging.com/2009/07/02/calif-first-time-jobless-claims-hit-four-month-high/
Listen to Lasner the Lip - in the pocket of a Realtor- You’ll get a true picture - Ya - RIGHT!
when rates go up what will happen to the market
When I went to the OCR homepage the very first article at the top of the page was this one “50 O.C. ZIPs see sales rise in mid-June”. It’s good to see the OCR giving this topic the proper attention.
If you can afford it start looking now.
when should I start to look for a house?
I’ve been looking at the market overall, as well as some very good properties since Jan. of 2007.
bottom
Look at Newport Beach 92660 and 92663.
Median price of $690,000 and $600,000, down 39.9% and 50.0%.
house in 92660 for 690,000? twenty years ago.