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

Archive for the 'DataQuick reports' Category

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O.C. homebuyers paying 11.5% more

February 5th, 2010, 12:00 pm by Jon Lansner

For the 22 business days ending January 14 – DataQuick’s latest homebuying report — Orange County saw …

For 22 business days ending Jan. 14
Slice Price Yr. ago Sales Yr. ago
Houses $500,000 +17.6% 1,461 +8.0%
Condos $290,000 +13.7% 729 +14.3%
New $626,000 +27.4% 149 -3.2%
All O.C. $430,000 +11.5% 2,339 +9.0%
  • Homebuyers paying +11.5% vs. a year ago but -33% below June 2007’s peak of $645,000.
  • Prices fell on a year-over-year basis from Sept. 2007 through August. (Worst at -31.5% in August 2008.)
  • Single-family homes resell for 32% less than their peak pricing (June ‘07) while condos sell 38% below their peak in March 2006. Builder prices for new homes are 28% below their February ‘05 top.
  • Single-family homes were 72% more expensive than condos in this period vs. 67% a year ago. From 1990-2008, the average house/condo gap was 57%.
  • In this most recent period, O.C. shoppers bought 2,339 residences — that is +9.0% vs. year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.)
  • Builder’s new homes sales were 6% of all residences sold in the period vs. 7% a year ago. From 1990-2008, builders did 15% of the selling.

How did your neighborhood fare? Check our ZIP-by-ZIP data HERE!

Other real estate trends:

Posted in: DataQuick reports • • • | 20 Comments »

Home sales start year up 7%

February 1st, 2010, 1:37 pm by Jon Lansner

For the 22 business days ending January 8 – DataQuick’s latest homebuying report and our first whiff of 2010 — Orange County saw …

22 business days ending Jan. 8
Slice Price Yr. ago Sales Yr. ago
Houses $500,000 +16.8% 1,618 +5.7%
Condos $294,500 +12.9% 783 +13.5%
New $617,500 +24.7% 168 -6.1%
All O.C. $430,000 +8.9% 2,569 +7.0%
  • In this most recent period, O.C. shoppers bought 2,569 residences — that is +7.0% vs. year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.)
  • Builder’s new homes sales were 7% of all residences sold in the period vs. 7% a year ago. From 1990-2008, builders did 15% of the selling.
  • $430,000 median selling price that is +8.9% vs. a year ago and -33% below June 2007’s peak of $645,000.
  • The most recent median is 16% above the cyclical low hit in January 2009 at $370,000 — a current bottom that was -43% below the peak.
  • Prices fell on a year-over-year basis from Sept. 2007 through August. (Worst at -31.5% in August 2008.)
  • Single-family homes resell for 32% less than their peak pricing (June ‘07) while condos sell 37% below their peak in March 2006. Builder prices for new homes are 29% below their February ‘05 top.
  • Single-family homes were 70% more expensive than condos in this period vs. 64% a year ago. From 1990-2008, the average house/condo gap was 57%.

How did your neighborhood fare? Check our ZIP-by-ZIP data HERE!

Other real estate trends:

Posted in: DataQuick reports • Selling patterns • • | 17 Comments »

O.C. home prices off 7.8% for 2009

January 29th, 2010, 12:01 am by Jon Lansner
Sample
2009 sales
(Click for
price, details)
S. Trident St./Photo courtesy of Mark Johnson

Anaheim

$490,000

Westminster

$715,000

Newport Beach

$1,237,500

Newport Beach

serenitasowing

Laguna Beach

Thanks to a new, full-year report on Orange County homebuying by DataQuick, we get to see the pricing challenges faced by the market in 2009.

While 2009 ended with home prices — as measured by DataQuick’s median — running 9.6% above the year-ago period in December, median selling prices for the entire year were off 7.8% from 2008.

For calendar year 2009
Slice Price Yr. ago Sales Yr. ago
Houses $475,000 -7.4% 20,447 +14.3%
Condos $280,500 -13.7% 9,155 +28.5%
New $491,000 -0.9% 1,491 -30.3%
All O.C. $415,000 -7.8% 31,093 +14.5%

The overall Orange County median selling price for all of 2009 of $415,000 is 36% below June 2007’s monthly peak of $645,000.

ZIP-by-ZIP results HERE: Home price, sales up in 3 ZIPs for ‘09

Orange County condos took the deepest 2009 discounts, falling 13.7% last year while single-family home prices were off 7.4%. The new homes that did sell — activity was off 30% — were essentially at 2008 prices.

Last year, O.C. shoppers bought 31,093 residences — up 14.5% vs. 2008 BUT 31% below the average annual homebuying pace since 1988.

Did O.C. home sales truly bottom in 2009?
View Results

Other real estate trends:

Posted in: DataQuick reports • | 109 Comments »

Can 2009’s homebuying burst continue?

January 27th, 2010, 9:20 am by Jeff Collins
Graphic/Brian Moore - Click to enlarge

By Brian Moore | Click to enlarge

Home sales increased in 2009 for the first time since 2005, fueled mainly by a surge in demand for homes priced at $500,000 and below.

Figures from MDA DataQuick show that 31,093 new and existing houses, townhomes and condos changed hands last year, up 17.1% from 2008.

Analysis of figures from DataQuick and elsewhere shows:

  • Despite the increase, last year still was the third-slowest year in records dating back to 1988.
  • The only years that were slower were the two preceding ones: 2007 and 2008, caused by the 2007 subprime meltdown and credit crunch that brought home sales to a screeching halt.
  • Last year’s sales total was 30.8% below the average for the preceding 21 years. Orange County has averaged nearly 45,000 home sales a year from 1988-2008.
  • The bulk of last year’s sales gains occurred at the low end of the housing market, according to Multiple Listing Service figures provided by Steve Thomas of Altera Real Estate.
  • Sales of homes priced at $500,000 and below increased nearly 26% last year, according to MLS figures, which exclude new home sales.
  • Meanwhile, sales for homes for $500,000 and above decreased by 0.4%, MLS figures show.
  • Sales were up from the year before in 10 of the past 21 years, and down in 11.
  • Nearly 975,000 housing transactions have occurred in Orange County since 1988– equivalent to one sale for every housing unit in the county.

Check out the full sales history, 1988-2009, from DataQuick HERE! Then vote!

Did O.C. home sales truly bottom in 2009?
View Results

Is this the bottom?

Posted in: DataQuick reports • Selling patterns • • | 53 Comments »

O.C. home prices up $69,000 vs. bottom

January 15th, 2010, 9:00 am by Jon Lansner

For the 22 business days ending Dec. 23 – DataQuick’s latest homebuying report — Orange County saw …

For the 22 business days ending Dec. 23
Slice Price Yr. ago Sales Yr. ago
Houses $500,000 +16.8% 1,911 +10.3%
Condos $299,000 +10.7% 898 +18.8%
New $525,000 +4.7% 232 -12.5%
All O.C. $439,000 +9.7% 3,041 +10.4%
  • $439,000 median selling price that is +9.7% vs. a year ago but -32% below June 2007’s peak of $645,000.
  • The most recent median is 19% ($69,000) above the cyclical low hit in January 2009 at $370,000 — a current bottom that was -43% below the peak.
  • Prices fell on a year-over-year basis from Sept. 2007 through August. (Worst at -31.5% in August 2008.)
  • Single-family homes resell for 32% less than their peak pricing (June ‘07) while condos sell 36% below their peak in March 2006. Builder prices for new homes are 39% below their February ‘05 top.
  • In this most recent period, O.C. shoppers bought 3,041 residences — that is +10.4% vs. year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.)

How did your neighborhood fare? Check our ZIP-by-ZIP data HERE!

Real estate outlooks:

Posted in: DataQuick reports • • • | 12 Comments »

O.C. home price at 17-month high

January 8th, 2010, 12:20 pm by Jon Lansner

As 2009 neared its closure, DataQuick found Orange County home pricing running as high as it has in 17 months.

For the 22 business days ending Dec. 16
Slice Price Yr. ago Sales Yr. ago
Houses $508,000 +19.2% 1,938 +12.2%
Condos $300,000 +11.1% 904 +22.3%
New $511,000 +2.2% 221 -21.1%
All O.C. $441,000 +10.3% 3,063 +11.5%

For the 22 business days ending Dec. 16 – DataQuick’s latest homebuying report — Orange County real estate saw …

  • $441,000 median selling price. Last time higher? $461,000 in July 2008.
  • Current price is +10.3% vs. a year ago and -32% below June 2007’s peak of $645,000.
  • The most recent median is 19% above the cyclical low hit in January 2009 at $370,000 — a current bottom that was -43% below the peak.
  • Prices fell on a year-over-year basis from Sept. 2007 through August. (Worst at -31.5% in August 2008.)
  • Single-family homes resell for 31% less than their peak pricing (June ‘07) while condos sell 36% below their peak in March 2006. Builder prices for new homes are 41% below their February ‘05 top.
  • In this most recent period, O.C. shoppers bought 3,063 residences — that is +11.5% vs. year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.)

How did your neighborhood fare? Check our ZIP-by-ZIP data HERE!

Other real estate trends:

Posted in: DataQuick reports • • • | 71 Comments »

House price per square foot at 2003 levels

January 6th, 2010, 12:01 am by Jeff Collins

pricesf-88-nov-09

The median price per square foot of an Orange County house remains at 2003 levels despite gains that occurred since January.

The price per square foot is considered a more reliable way to measure home values than the overall median (price at the midpoint of all sales) since the price per square foot  eliminates fluctuations due to the size of homes sold. Hence, a review of 22 years of DataQuick price figures shows:

  • The median price per square foot was $286.89 in November — up from $268.16 in January, when prices hit their lowest point of the four-year-old housing slump.
  • That’s equivalent to the prices per square foot seen in June through October 2003.
  • The median house price per square foot hit an all-time high of $444.36 in June 2006. (By comparison, the overall median house price peaked a year later in June 2007.)
  • The median price per square foot dropped 35% from the peak to January’s low.
  • The median price per square foot increased just 7% since January. (The overall median house price increased 19.5%).

DataQuick’s figures are for existing single-family homes only, and are inexact since the figures do not include recent home-size additions.

The result is that DataQuick’s figures tend to underplay how much the price per square foot has fallen since the peak by making the price seem higher than it really is. Still, DataQuick’s John Karevoll has said that the numbers provide approximate indications of overall housing trends.

December’s most-popular posts on the blog:

  1. Tiger Woods’ Newport Beach pad
  2. The new SoCal land rush
  3. Top 10 hottest houses of 2009
  4. Home-selling time sliced by half in 2009
  5. State ruling to cut most property taxes
  6. Foreclosed OC hotel sells at half off
  7. Dramatic 2011 housing rebound eyed
  8. Managers of troubled firm take 94% pay cut
  9. Joe’s Crab Shack auctioned off for $7.3 mill
  10. Short life eyed for housing recovery
  11. Anaheim mall defaults on $210 million debt
  12. Owner of 3 OC rental complexes bankrupt

Posted in: DataQuick reports • Home prices • • | 69 Comments »

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