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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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15-month O.C. homebuying surge ends

November 17th, 2009, 9:48 am by Jon Lansner

Have local homes prices gotten ahead of Orange County real estate shoppers’ wallets?
For October – DataQuick’s latest homebuying report — Orange County saw …

_

WHERE DID THEY BUY IN OCTOBER?
(Click image for details!)
$335,000

$335,000

$500,000

$500,000

$1,130,000

$1,130,000

  • Shoppers bought 2,800 residences — that is -1.2% vs. year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.)
  • That ends a 15-month streak of sales year-over-year gains after 33 consecutive months where sales failed to beat the previous year’s pace.
  • Why? Relative bargains are hard to find. October’s $436,500 median selling price, highest since August 2008 and +3.9% vs. a year ago.
  • Second consecutive month of year-over-year pricing gains.
  • The most recent median is also 18% above the cyclical low hit in January 2009 at $370,000!
  • Prices have now risen month-to-month for 6 straight times — longest streak since 7 months ended August 2005.
  • 25 O.C. ZIPs have both price AND sales gains.
  • Yes, current pricing is 32% below June 2007’s peak of $645,000. And the January bottom 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 33% less than their peak pricing (June ‘07) while condos sell 33% below their peak in March 2006. Builder prices for new homes are 35% below their February ‘05 top.
For October
Slice Price Yr. ago Sales Yr. ago
Houses $489,000 +1.9% 1,831 +0.1%
Condos $317,000 +7.5% 817 +0.0%
New $564,450 +15.4% 152 -18.7%
All O.C. $436,500 +3.9% 2,800 -1.2%

Real estate outlooks:

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

Best homebuying October in 4 years?

November 13th, 2009, 12:25 am by Jon Lansner

October may not been so spooky for local real estate. For the 22 business days ending Oct. 22 – DataQuick’s latest homebuying report — Orange County saw as the end of month neared …

22 days ending Oct. 22
Slice Price Yr. ago Sales Yr. ago
Houses $495,000 +3.6% 2,001 +10.4%
Condos $310,000 +8.8% 905 +10.2%
New $505,750 +4.4% 176 -6.9%
All O.C. $435,000 +4.8% 3,082 +9.2%
  • Shoppers bought 3,082 residences — that is +9.2% vs. year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.)
  • Assuming the month finished at the last reported sale space, this would be the most active October for local homebuying since 2005!
  • September was 15th straight month of sales gains vs. the year-ago period. That follows 33 consecutive months where sales failed to beat the previous year’s pace.
  • In this most recent period, O.C.’s $435,000 median selling price is +4.8% vs. a year ago … yet 33% below June 2007’s peak of $645,000.
  • The most recent median is 18% 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 33% less than their peak pricing (June ‘07) while condos sell 34% below their peak in March 2006. Builder prices for new homes are 41% below their February ‘05 top.

Other real estate trends:

Posted in: DataQuick reports • Selling patterns • • • | 145 Comments »

O.C. home pricing near longest rise in 4 years

November 6th, 2009, 10:05 am by Jon Lansner
For the 22 business days ending Oct. 16
Slice Price Yr. ago Sales Yr. ago
Houses $495,000 +4.2% 2,018 +5.7%
Condos $308,500 +4.6% 917 +8.8%
New $500,000 +3.1% 168 -19.6%
All O.C. $435,000 +3.6% 3,103 +4.8%

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

  • $435,000 median selling price that is $6,000 above September (+1.4%) and would mark the 6th consecutive month of price gains — longest winning streak since 7 up months ended Aug. 2005.
  • Price is +3.6% vs. a year ago and -33% below June 2007’s peak of $645,000.
  • The most recent median is 18% 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 33% less than their peak pricing (June ‘07) while condos sell 34% below their peak in March 2006. Builder prices for new homes are 42% below their February ‘05 top.
  • In this most recent period, O.C. shoppers bought 3,103 residences — that is +4.8% vs. year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.)
  • September was 15th straight month of sales gains vs. the year-ago period. That follows 33 consecutive months where sales failed to beat the previous year’s pace.

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

“Other real estate trends:
”

Posted in: DataQuick reports • Top tale • • • | 96 Comments »

O.C. median home price up $60,000 off bottom

October 30th, 2009, 11:10 am by Jon Lansner
For 22 business days ending Oct. 13
Slice Price Yr. ago Sales Yr. ago
Houses $495,000 +4.2% 1,841 +3.0%
Condos $304,000 +3.1% 845 +8.1%
New $500,000 +4.2% 150 -25.7%
All O.C. $430,000 +2.4% 2,836 +2.3%

For the 22 business days ending Oct. 13 – DataQuick’s latest homebuying report — Orange County saw …

  • $430,000 median selling price that is +2.4% vs. a year ago and -33% below June 2007’s peak of $645,000.
  • The most recent median is $60,000 (+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 33% less than their peak pricing (June ‘07) while condos sell 35% below their peak in March 2006. Builder prices for new homes are 42% below their February ‘05 top.
  • In this most recent period, O.C. shoppers bought 2,836 residences — that is +2.3% vs. year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.)
  • September was 15th straight month of sales gains vs. the year-ago period. That follows 33 consecutive months where sales failed to beat the previous year’s pace.

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

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Other real estate trends:

Posted in: DataQuick reports • Top tale • • | 86 Comments »

O.C. home price gains holding, early numbers show

October 23rd, 2009, 11:14 am by Jeff Collins

dq-weekly-medians10-23-09

Orange County’s median home price appears to be on track for this year’s eighth month of increases, sales numbers that include early October show. And the median (the price at the midpoint of all sales) also appears to be heading for a second month of year-over-year price increases after 24 months of annual price declines.

—
Slice Price Yr. ago Sales Yr. ago
Houses $500,000 +6.4% 1,945 +4.9%
Condos $301,000 +3.8% 890 +7.6%
New $491,000 -0.8% 145 -27.1%
All O.C. $432,000 +2.9% 2,980 +3.5%

For the 22 business days ending Oct. 6 — DataQuick’s latest homebuying report — Orange County saw …

  • A median price of $432,000, up 2.9% from a year ago.
  • While that’s 33% below the June 2007 peak of $645,000, DataQuick’s weekly median price has been rising steadily since early February. (Click on chart to enlarge.)
  • A median price of $500,000 for single-family homes. O.C. houses sold for 32% less than their peak pricing (June ‘07).
  • A median price of $310,000 for condos, now selling for 36% below their peak in March 2006.
  • Builder prices for new homes at $491,000, or 43% below their February ‘05 top.
  • In this most recent period, O.C. shoppers bought 2,980 residences — that’s up 3.5% from year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.)

Today’s DataQuick report comes as the National Association of Realtors reports that existing U.S. homes sales surged a record 9.4 percent in September. The  surge comes as Americans rushed to take advantage of a tax credit for first-time buyers before it expires next month.

To see how your neighborhood fared, check our ZIP-by-ZIP data HERE!

Other real estate trends:

Posted in: DataQuick reports • Top tale • • | 100 Comments »

SoCal homes have smallest price drop in 22 months

October 13th, 2009, 4:28 pm by Jeff Collins
County Median Vs. ‘08 Sales Vs. ‘08
Los Angeles $330,000 -8.3% 7,138 13.8%
Orange $429,000 0.9% 2,828 6.0%
Riverside $185,000 -22.1% 4,312 -5.3%
San Berdoo $150,000 -26.8% 3,023 6.8%
San Diego $325,000 -0.9% 3,454 2.6%
Ventura $371,750 -3.4% 784 -3.0%
SoCal $275,000 -10.9% 21,539 5.1%

Orange County was the only Southern California county to see an increase in median home prices last month.

But that gain – coupled with a decreasing number of foreclosed homes sold – held regionwide prices to the smallest year-over-year decline in nearly two years, according to market tracker MDA DataQuick of La Jolla.

The median price of a SoCal home fell 10.9% in September, DataQuick reported today. That’s the smallest decline since November 2007.

Sales were up 5.1 percent last month. DataQuick attributed that gain to sales that normally would have closed before and after September being both delayed and advanced.

Some short sales (or homes selling for less than the mortgage balance) were dragged out until September because they needed a lender’s OK, DataQuick reported. In addition, some buyers rushed to close escrow last month to take advantage of a federal tax-credit for first-time homebuyers.

Recent real estate podcasts!

Posted in: DataQuick reports • Top tale • • • | 37 Comments »

O.C. home price up, 1st rise in 2 years

October 13th, 2009, 9:25 am by Jon Lansner
For September
Slice Price Yr. ago Sales Yr. ago
Houses $500,000 +4.2% 1,862 +7.5%
Condos $300,000 +3.4% 839 +11.9%
New $487,000 -2.4% 127 -31.4%
All O.C. $429,000 +0.8% 2,828 +6.0%

DataQuick’s homebuying report for Orange County for last month saw the median selling price of all residences rise by 0.8% in a year to $429,000.

That is the first gain since prices began falling on a year-over-year in Sept. 2007. (Worst in the losing streak? -31.5% for year ended August 2008.) For sure, prices are still well below June 2007’s peak of $645,000.

Last month, O.C. shoppers bought 2,82,8 residences — that is 6% (CORRECTED 10/30 1:45 pm) above year-ago buying activity. (From 1997-2006, monthly sales averaged 4,304 per month.) So September was the 15th straight month of sales gains vs. the year-ago period. That follows 33 consecutive months where sales failed to beat the previous year’s pace.

  • And foreclosures dropped again, DataQuick reports. Read more HERE.

Other real estate trends:

Recent real estate podcasts:

Posted in: DataQuick reports • Home prices • • | 128 Comments »

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