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O.C. housing zip is at the beach

November 26th, 2009, 10:00 am · 2 Comments · posted by Jon Lansner

Orange County’s beach-close communities have the most zip, according to our Zippy rankings for 2009’s third quarter.

Average Zippy rank
Slice Overall Pricing Sales Foreclosure
Beach 28.3 48.4 32.5 20.4
South inland 39.9 35.8 42.9 43.3
North inland 39.3 37.0 43.0 40.4
Mid-county 55.3 47.2 47.1 57.8

Zippy rankings are our tally of 3 key home-market performance benchmarks from DataQuick: Pricing and sales momentum (year-over-year change) plus foreclosure density (per homes in neighborhood). Thus, on a regional basis — slicing the county into four parts — Zippy tells us …

  • The 19 beachside ZIPs had the strongest sales momentum and relatively fewest foreclosure problems.
  • The 23 North Inland ZIP codes just missed having the best pricing momentum. This region was home to the county’s strongest neighborhood market: Los Alamitos.
  • The 19 ZIP codes comprising South Inland communities had the most pricing momentum.
  • The 24 mid-county ZIPs had the worst overall rankings.
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 2 Comments

  • Homes Alexandria VA says:
    November 26, 2009 at 2 pm

    I sometimes wonder if NAR is just spinning propaganda! I think the markets have taken a breather right now, but rising unemplymnet does not bode well for real estate.

  • Harrison K. Long says:
    November 27, 2009 at 9 am

    Your like Zippy analysis based upon 3 key home-market performance benchmarks from DataQuick: Sold home prices and sales momentum (year-over-year change) plus foreclosure density (per homes in neighborhood).

    However, sold home prices at any particular zip, and neighborhood within zip, compared on a month over month basis, is probably too narrow a time and area to draw important conclusions.