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Lansner on Real Estate ~ The latest news about the housing market from Orange County Register columnist Jon Lansner.

Sales up in 51 O.C. ZIPs in mid-June

July 10th, 2009, 12:00 am · 8 Comments · posted by Jon Lansner

For the 22 business days ending June 12 – DataQuick’s freshest stats — Orange County’s homebuying patterns showed:

  • 11 of O.C.’s 83 ZIP codes had gains in their respective median selling price. (Highlighted in green below!) Overall, prices were -11.6% 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!
  • 51 of O.C. ZIPs had year-over-year sales gains in the period. Overall, sales were +16.9% 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 $395,000 -11.2% 84 +16.7%
Anaheim 92801 $292,500 -15.8% 46 +64.3%
Anaheim 92802 $330,500 -13.0% 21 +90.9%
Anaheim 92804 $305,000 -18.7% 63 +1.6%
Anaheim 92805 $319,000 -5.6% 79 +154.8%
Anaheim 92806 $380,000 -14.6% 14 -22.2%
Anaheim 92807 $480,000 -5.9% 32 -3.0%
Anaheim 92808 $400,000 -26.5% 28 -12.5%
Brea 92821 $464,000 -1.3% 20 -9.1%
Brea 92823 $569,000 +10.1% 3 -40.0%
Buena Park 90620 $381,000 -5.1% 54 +35.0%
Buena Park 90621 $326,000 -17.5% 17 -22.7%
Corona del Mar 92625 $1,262,500 -24.2% 17 -15.0%
Costa Mesa 92626 $490,000 -6.7% 37 +23.3%
Costa Mesa 92627 $442,000 -17.6% 36 +50.0%
Cypress 90630 $482,000 +2.0% 35 -12.5%
Dana Point 92624 $530,000 +26.6% 10 +66.7%
Dana Point 92629 $710,000 -3.4% 45 +87.5%
Foothill Ranch 92610 $310,000 -41.8% 18 +80.0%
Fountain Valley 92708 $530,000 -8.6% 27 -47.1%
Fullerton 92831 $403,000 +0.8% 27 +17.4%
Fullerton 92832 $304,500 -25.7% 15 +7.1%
Fullerton 92833 $360,000 -33.8% 55 +37.5%
Fullerton 92835 $545,000 -32.4% 25 +0.0%
Garden Grove 92840 $310,000 -18.4% 41 +10.8%
Garden Grove 92841 $380,000 -7.3% 38 +72.7%
Garden Grove 92843 $320,000 -11.1% 37 +68.2%
Garden Grove 92844 $265,000 -35.4% 21 +61.5%
Garden Grove 92845 $460,000 -3.7% 8 -42.9%
Huntington Beach 92646 $501,000 -12.5% 62 +0.0%
Huntington Beach 92647 $505,000 -8.8% 37 +12.1%
Huntington Beach 92648 $781,500 -5.8% 51 +21.4%
Huntington Beach 92649 $550,000 -3.7% 28 +3.7%
Irvine 92602 $540,250 -6.0% 28 -9.7%
Irvine 92603 $850,000 +3.3% 31 +10.7%
Irvine 92604 $487,500 -18.8% 23 +15.0%
Irvine 92606 $550,000 -8.3% 18 -10.0%
Irvine 92612 $500,000 +6.4% 29 +52.6%
Irvine 92614 $510,000 -15.0% 25 +13.6%
Irvine 92618 $433,500 -20.5% 19 +137.5%
Irvine 92620 $563,750 -18.3% 57 +39.0%
Ladera Ranch 92694 $509,000 -23.5% 46 +24.3%
La Habra 90631 $285,000 -15.7% 43 -10.4%
La Palma 90623 $525,000 -4.5% 10 -9.1%
Laguna Beach 92651 $1,300,000 -23.0% 36 +71.4%
Laguna Hills 92653 $340,000 +9.1% 39 -9.3%
Laguna Niguel 92677 $445,000 -28.5% 98 +4.3%
Laguna Woods 92637 $233,000 -2.8% 20 -9.1%
Lake Forest 92630 $375,000 -12.8% 60 -1.6%
Los Alamitos 90720 $657,500 -20.3% 14 -30.0%
Midway City 92655 $330,000 -18.5% 1 -66.7%
Mission Viejo 92691 $412,500 -13.6% 52 +2.0%
Mission Viejo 92692 $500,000 +7.5% 62 +6.9%
Newport Beach 92660 $783,000 -23.5% 24 -14.3%
Newport Beach 92661 $1,736,000 -15.3% 4 -42.9%
Newport Beach 92662 n/a n/a n/a n/a
Newport Beach 92663 $675,000 -43.7% 17 -15.0%
Newport Coast 92657 $1,551,500 -8.5% 15 +15.4%
Orange 92865 $406,500 -23.2% 22 -26.7%
Orange 92866 $492,000 +3.0% 9 +125.0%
Orange 92867 $440,000 -9.7% 41 +24.2%
Orange 92868 $310,000 -10.1% 11 -35.3%
Orange 92869 $435,000 -17.1% 55 +83.3%
Placentia 92870 $440,000 -5.4% 47 +11.9%
Ran.S. Margarita 92688 $375,000 -10.7% 76 +26.7%
San Clemente 92672 $550,000 -28.0% 36 -7.7%
San Clemente 92673 $637,000 -18.3% 40 -14.9%
San Juan Capo 92675 $375,000 -11.2% 31 -3.1%
Santa Ana 92701 $135,000 -50.5% 47 +135.0%
Santa Ana 92703 $230,000 -24.7% 46 +48.4%
Santa Ana 92704 $270,000 -20.6% 52 +6.1%
Santa Ana 92705 $325,000 -47.4% 56 +93.1%
Santa Ana 92706 $328,000 -18.0% 33 +175.0%
Santa Ana 92707 $225,000 -22.8% 61 +22.0%
Seal Beach 90740 $672,500 +7.1% 11 +0.0%
Stanton 90680 $300,000 -11.8% 31 +29.2%
Trabuco/Coto 92679 $642,000 -12.2% 56 +80.6%
Tustin 92780 $240,000 -25.0% 44 +18.9%
Tustin 92782 $745,000 -7.9% 60 +25.0%
Villa Park 92861 $1,300,000 -8.0% 5 -28.6%
Westminster 92683 $400,000 -10.5% 80 +48.1%
Yorba Linda 92886 $568,500 -24.2% 56 +16.7%
Yorba Linda 92887 $635,000 +78.9% 25 +108.3%
Total O.C. $420,000 -11.6% 3,000 +16.9%
Posted in: Selling patterns
 
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 8 Comments

  • JoeJoe says:

    SELLERS SELL NOW OR BE LOCKED OUT!

    $600k+ home sellers drop your price now and sell during this high season or you will be locked out! You can read the news even

    Gary Watts and the NAR says your home will drop in value 20% this year. So next year’s high season will be 20% lower than this

    year. Don’t make the mistake of trying to time the market to get top dollar. Drop your price and sell now before it is too

    late!

    Gary Watts says:

    While demand for homes selling for under $500,000 is hot, sellers of those homes no longer have any equity. They end up with

    nothing to invest in a bigger house. As a result, sales of homes for more than $500,000 are “dead in the water.” High

    unemployment, tight credit and a new wave of foreclosures on Option ARMs and other creative loans likewise are combining to

    depress the market.

    http://lansner.freedomblogging.com/2009/07/01/housing-evangelist-back-to-scary-gary/28335/

    Sellers drop your prices now and sell or be locked out!

  • Gunner says:

    Of course prices are up since Jan 09, people have been listening to me since the beginning of the year that prices are at a once-in-a-lifetime deal and you must buy now or be priced out forever.

    • pdu says:

      Gunner, you are like the fool in the forest, yelling and hearing an echo. He believes what he has to say is being heard and repeated.
      You go girl.

  • Liar Loan says:

    Another day, another crash in high end coastal real estate… yawn…

  • SMRR says:

    Now is the time to buy in sunny Southern California!!! They aint makin’ any more land!!

    • MIKE-haWK says:

      No but they are bulldozing homes here, you are either misinformed or a liar,
      To add insult to injury, prices are dropping but the County is raising taxes on the mid to high range people. Yet another reason, among many to wait this out.

  • Mike says:

    20% from 600,000 is simple, 600,000 minus 120,000, which equals 480,000 not good. Sell, nobody is buying. look at Ladera Ranch, atrocious. I bought mine for 485,000. It was priced at 875,000 at the high end. I think 20% is too low. He’s an expert or alleged to be, and for the most part the market is about 10-15% higher then expert predictions. so I think more alonh 30-35%. Stand by,

  • bulwark says:

    We were in a bubble in 2002 and prices have doubled since then. Only fools are buying now.