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Beach town home sales up 27%
November 8th, 2009, 4:30 pm · 42 Comments · posted by Jon Lansner
For the 22 business days ending Oct. 16 – fresh from DataQuick — A region-by-region analysis of homebuying shows Orange County slices up geographically speaking this way …
- DataQuick identified 506 homes selling in beach cities’ ZIP codes last month, +27% from a year ago. Median selling price? $693,500 in these 17 ZIPs. Last month’s median price change was -6.3% vs. a year ago.
- South inland ZIPs — median selling price $516,250 – had 830 sales, +20% from a year ago. In these 19 ZIPs, last month’s median price change was +3.6% vs. a year ago.
- North inland ZIPs — median selling price $455,000 – had 799 sales, +11% from a year ago. In these 23 ZIPs, last month’s median price change was -4.6% vs. a year ago.
- Mid-county ZIPs — median selling price $351,000 – had 909 sales, -8% from a year ago. In these 24 ZIPs, last month’s median price change was -1.3% vs. a year ago.
- All told, countywide sales were +5% vs. a year ago. The median selling price was +4% in the past year.
How did your neighborhood fare? Check our ZIP-by-ZIP data HERE!
Other real estate trends:
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Well at least you are not reporting 27% up Prices.
Because in this blog nothing would surprise me.
But take it easy, And try not to fart so loud.
Sales and prices up YOY. That sounds about right.
Home sales are up and inventory is low.
The number of buyers is astonishing but inventory is so low in many price classes.The $600k and under market is moving fast and sometimes with multiple bids.
the register is bankrupt and this blog has jumped the shark-
the truth is out there- you just wont find it at the oc realtor
http://centralvalleybusinesstimes.com/stories/001/?ID=13549&ref=patrick.net
Yep, 4%+ per year for the next few years. But watch out for 2019-it’s coming!….look out!!…..it’s gonna gitcha!!!…..
Those poor, hoodwinked homedebtor sheeples . . .
“THE NATION OF ZOMBIE HOUSEHOLDS”
http://pragcap.com/the-nation-of-zombie-households
This blog has created a cadre of “zombie bloggers”! They are totally dependent on other unhappy pseudo fringe group bloggers. lllloooolll.
They are the ultimate sheeples…..
And how very sad it is that you spend so much time responding to such “zombie bloggers” and the real sheople are the ones who listened to RE “experts” and bought to be undewater just a few yrs later, while smarter people saw what was happening. For a “counselor” you sure are pathetic.
SC2, you are hilarious. I’m not in RE and I’m not an attorney, but your thinking that I am is a testement to your skills of perception. LLLOOOLLL.
Not perception at all - just based on prior comments by others. But thanks for thinking I am funny - it will help me with my Hollywood dreams.
Yeah SC2 isn’t the sharpest.
Taking a break from child molestation remarks shockg? Thankfully - the last thing we need are more people like you.
Well, hilarious might have been an overstatement. BUT, try Central Casting in Burbank. You could be “the extra guy sent in to fight the bad guys”. Or “third man standing near building”. Or “blogger nerd who always thinks there’s a conspiracy”. You’re made for the part!!!
Exactly - they person who isn’t killed and gets paid $ to do nothing. What a bargain. We’ll reserve the person who gets killed, or the one who dreams of young children, for shockg - thanks for pointing that out!
You are a sicko.
To the contrary - you are the one who equated rants foolish pleasures and young children - comments like that really show what kind of person you are.
VOR you always sound very adverse. But to be adverse you must have, and believe in principles. So far non of that fall off from your mind.
Can you explain why?
No
Now that was sharp.
I thougt so. Why complicate matters??
So that means you have no reasons to be, Or you plain and simple have no base to be. Because lack of knowledge.
Correct? Okay no we getting somewhere.
That’s very metaphysical of you Jc. See if you can wrap your mind around this: Nothing written on this blog makes any difference whatsoever to anyone or anything except to those who think they are making a point, which nobody cares about anyway. So, does a blog that serves nobody make a sound??? Can we see the forest for the trees??? Does Nancy Pilosi ever blink?? It’s all very “quantom physics”, really.
I have been saying for a while that the low end of CdM is in demand. Higher end is running slow.
You’re high. CDM is get’n whacked low and high. If there was high demand, sellers would NOT be lowering prices. Get a Life!
ie.,
340 L St
Oct 06, 2009 Price Changed $1,295,000 — CARETS #U8004001
May 19, 2009 Price Changed $1,385,000 — CARETS #U8004001
Sep 07, 2008 Listed $1,500,000 — CARETS #U8004001
715 HELIOTROPE Ave
Oct 27, 2009 Listed $999,900 – CARETS #U9004692
Mar 13, 2009 Sold $1,125,000 -15.6%/yr Public Records
Aug 07, 2006 Sold (Public Records) $1,750,000 Public Records
1305 PARK Ave
Aug 25, 2009 Price Changed $1,095,000 — CARETS #U9003566
Aug 10, 2009 Listed $1,195,000 — CARETS #U9003566
316 SAPPHIRE Ave
Nov 06, 2009 Price Changed $1,595,000 — CARETS #S593059
Oct 16, 2009 Listed $1,675,000 — CARETS #S593059
Lol
2320 4TH Ave
Oct 08, 2009 Price Changed $1,299,000 — CARETS #U9002659
Sep 15, 2009 Price Changed $1,339,000 — CARETS #U9002659
Aug 18, 2009 Price Changed $1,399,000 — CARETS #U9002659
Jul 20, 2009 Price Changed $1,399,876 — CARETS #U9002659
Jul 20, 2009 Price Changed $1,399,000 — CARETS #U9002659
Jun 09, 2009 Listed $1,445,000 — CARETS #U9002659
Your post means nothing. If you post a lot of garbage, does that prove anything?
Lol, of course it “MEANS NOTHING” to you. The only way it would mean ’something’ is if you actually owned prop there.
A few overpriced listings having the asking price reduced says nothing about the strength of the low end of the CdM market.
I don’t like this new format, very hard to navigate and the good articles are buried or disappear too quickly.
Hey SC2, I noticed you didnt comment on the latest dataquick numbers. Is the market improving or getting worse?
chart home pricing and the sawtooth pattern in a downward trend continues . . .
Hey shock…did you realize the avg mort rate over the last 25 years was 8.99% ? What will happen to prices when rates adjust accordingly?
Lol
“Year long Dead cat bounce! Look out it’s a coming!!!”
“What will happen to prices when rates adjust accordingly?”
Probably go up… Just as they did in the 70s & early 80s when interest rates were in double digits and house prices went up 6-7-8% a year.
Income went up a lot back then. FYI, peak income was reached in the US in 2007. Now, it’s going down.
Income went up in the 70’s due to inflation. On a related topic, the main risk facing Fannie/Freddie MBS investors is not default risk, but inflation risk. Rates won’t start skyrocketing until higher than normal inflation is considered imminent. As many bears have touted here ad nauseum, home prices rise roughly 1% faster than the rate of inflation (actually a little faster in So Cal). All this hoping and wishing for higher mortgage rates, is in effect wishing for higher home prices.
Liar Loan says:
November 9, 2009 at 2 pm
“home prices rise roughly 1% faster than the rate of inflation (actually a little faster in So Cal). All this hoping and wishing for higher mortgage rates, is in effect wishing for higher home prices.”
I’m willing to bet also that incomes rising higher than the rate of inflation and credit expansion had something to do with price increases.
With globalization, high debts, and a jobless recovery, can you guarantee that rising incomes and/or loose lending will make a return?
As you may have noticed, I was busy the past few days making lots of money…
Um yeeaaahhhh…people that do don’t boast about it. But you knew that already.
Sure, why not. I definitely made much more than shockg trolling a blog. When you have a deal, have to get all you can out of it.
Sure, why not. I definitely made much more than shockg trol ling a blog. When you have a deal, have to get all you can out of it.
Jimmy2 says:
November 9, 2009 at 11 amA few overpriced listings having the asking price reduced says nothing about the strength of the low end of the CdM market.
Oh really? Here’s an avg priced low-end (only $1,299,000) listing on the market 153+ days. And, it’s on the BEACH SIDE of PCH. Now that’s quite an impressive low-end market there jimbo Lol
2320 4TH Ave Corona Del Mar, CA 92625
Beds: 3
Baths: 3.25
Sq. Ft.: 1,530
$/Sq. Ft.: $849
Lot Size: 3,540 Sq. Ft.
Property Type: Residential, Condominium
Style: Two Level, Other
View: Ocean
Year Built: 2009
Community: Corona Del Mar/Spyglass
County: Orange
MLS#: U9002659
Source: CARETS
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 153 days
Keep posting nonsence. Sorry you missed beach properties in the late 90s. I know. You will tell me you are only 10 years old. Figure it out. A small condo on Acacia with good PCH exhause fumes was worth in the 100K range back then. With no money down. Ouch. And small beach fixers on decent lots, now fetching well in the 2M range, were running around 500K.
very true - income is usually a laggard in any inflation induced interest rate spike.