Real Estate Information Archive

As a new year starts to surface, sellers and buyers are curious how ORANGE COUNTY is faring....

As reported by the OC Register today....Newport Beach is the most improved HOME MARKET in Orange County:

Housing markets in four Newport Beach ZIPs enjoyed Orange County’s biggest improvement in their Zippy market-strength rankings in the third quarter.

Our Zippy rankings measured Orange County neighborhood housing markets by pricing and sales momentum plus foreclosure frequency as measured by DataQuick stats. We track market progress by quarter-to-quarter change in Zippy ranking.

• Top 10? CLICK HERE!
• Bottom 10? CLICK HERE!

Newport Beach 92663 had the biggest gain, up 74 spots to 4th place in the third-quarter Zippy rankings. The four Newport gainers by no means suggests that there was something magical about seaside property in the past quarter. Dana Point’s two ZIP codes could be found among the 10 Zips with the biggest declines in Zippy rankings.

It seems that price was more a key factor in how the third quarter played out in the local housing market as measured by the Zippy rankings.

The 25 Zips with the greatest improvement in Zippy rankings had a median selling price of $555,000. The Bottom 25, in terms of quarter-to-quarter change in Zippy rankings, had a median selling price of $430,000.

Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments.

Keeping you informed about the Orange County real estate market, economy and life in the OC is what I'm committed to doing.

For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.

Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7.

SEARCH ORANGE COUNTY'S BEST HOMES at Orange County MLS Home Search

 

 

Community	Zip	Median	Change	Sales	Change
Aliso Viejo	92656	$390,000	-17.0%	65	10.2%
Anaheim	92801	$302,500	-25.3%	56	250.0%
Anaheim	92802	$329,500	-29.0%	20	42.9%
Anaheim	92804	$335,000	-11.8%	55	205.6%
Anaheim	92805	$328,000	-24.2%	53	165.0%
Anaheim	92806	$400,000	-21.6%	22	266.7%
Anaheim	92807	$484,000	-14.3%	27	42.1%
Anaheim	92808	$517,000	-1.5%	12	-20.0%
Brea	92821	$425,000	-19.0%	15	-28.6%
Brea	92823	$545,000	n/a	1	n/a
Buena Park	90620	$373,000	-19.2%	48	152.6%
Buena Park	90621	$350,000	-10.3%	20	0.0%
Corona del Mar	92625	$3,000,000	73.5%	9	-35.7%
Costa Mesa	92626	$509,000	-20.4%	25	13.6%
Costa Mesa	92627	$493,250	-20.5%	28	-3.4%
Cypress	90630	$420,000	-18.0%	28	47.4%
Dana Point	92624	$542,500	-82.5%	2	-33.3%
Dana Point	92629	$705,000	-5.9%	12	-40.0%
Foothill Ranch	92610	$427,500	-23.7%	12	100.0%
Fountain Valley	92708	$510,000	-16.0%	21	10.5%
Fullerton	92831	$402,500	-28.6%	14	40.0%
Fullerton	92832	$395,000	-13.2%	14	27.3%
Fullerton	92833	$383,250	-24.9%	26	-7.1%
Fullerton	92835	$569,500	-37.1%	14	75.0%
Garden Grove	92840	$330,000	-21.1%	44	131.6%
Garden Grove	92841	$350,000	-27.1%	22	83.3%
Garden Grove	92843	$320,000	-12.9%	23	360.0%
Garden Grove	92844	$340,000	-21.5%	11	-21.4%
Garden Grove	92845	$422,500	-18.8%	9	0.0%
Huntington Beach	92646	$490,000	-21.0%	28	-12.5%
Huntington Beach	92647	$490,000	-22.7%	26	13.0%
Huntington Beach	92648	$737,500	-12.2%	32	-3.0%
Huntington Beach	92649	$550,000	-32.0%	14	-39.1%
Irvine	92602	$660,000	-0.3%	13	62.5%
Irvine	92603	$941,500	20.8%	14	-36.4%
Irvine	92604	$610,000	-3.2%	7	-41.7%
Irvine	92606	$480,000	-43.2%	9	-35.7%
Irvine	92612	$812,500	97.9%	12	-45.5%
Irvine	92614	$427,500	-34.2%	12	20.0%
Irvine	92618	$743,000	0.1%	15	-34.8%
Irvine	92620	$625,000	-30.0%	32	60.0%
Ladera Ranch	92694	$660,000	-9.0%	37	12.1%
La Habra	90631	$293,000	-41.3%	44	131.6%
La Palma	90623	$545,000	-16.8%	8	166.7%
Laguna Beach	92651	$930,000	-47.2%	14	-33.3%
Laguna Hills	92653	$420,000	-24.7%	25	4.2%
Laguna Niguel	92677	$536,000	-12.5%	45	-11.8%
Laguna Woods	92637	$242,000	-9.4%	9	-43.8%
Lake Forest	92630	$284,682	-43.6%	53	47.2%
Los Alamitos	90720	$700,000	-11.9%	7	133.3%
Midway City	92655	$365,000	-23.2%	3	200.0%
Mission Viejo	92691	$400,000	-25.9%	46	130.0%
Mission Viejo	92692	$487,500	-22.0%	35	-5.4%
Newport Beach	92660	$1,200,000	-15.5%	12	-47.8%
Newport Beach	92661	$3,450,000	-28.1%	3	0.0%
Newport Beach	92662	$1,760,000	n/a	1	n/a
Newport Beach	92663	$562,500	-57.9%	4	-81.8%
Newport Coast	92657	$1,250,000	-55.9%	9	-57.1%
Orange	92865	$416,500	-15.8%	37	208.3%
Orange	92866	$290,000	-42.0%	5	25.0%
Orange	92867	$452,500	-12.9%	23	27.8%
Orange	92868	$375,500	10.4%	19	111.1%
Orange	92869	$445,500	-37.2%	26	52.9%
Placentia	92870	$432,500	-10.2%	45	200.0%
Rancho Santa Margarita	92688	$370,000	-24.0%	49	36.1%
San Clemente	92672	$527,500	-36.4%	20	-33.3%
San Clemente	92673	$627,500	-32.4%	31	-31.1%
San Juan Capistrano	92675	$279,750	-63.9%	35	-5.4%
Santa Ana	92701	$163,000	-59.1%	43	152.9%
Santa Ana	92703	$240,000	-45.6%	48	182.4%
Santa Ana	92704	$290,000	-32.6%	73	231.8%
Santa Ana	92705	$434,500	-41.7%	26	36.8%
Santa Ana	92706	$350,000	-38.9%	36	260.0%
Santa Ana	92707	$240,000	-42.7%	55	358.3%
Seal Beach	90740	$710,000	-10.7%	7	0.0%
Stanton	90680	$225,000	-47.7%	19	111.1%
Trabuco/Coto	92679	$615,000	-17.9%	19	11.8%
Tustin	92780	$260,000	-51.4%	43	230.8%
Tustin	92782	$636,250	-12.1%	60	-6.3%
Villa Park	92861	$1,350,000	12.5%	1	-66.7%
Westminster	92683	$403,750	-24.5%	43	38.7%
Yorba Linda	92886	$580,500	-41.9%	51	121.7%
Yorba Linda	92887	$480,000	-43.5%	13	-27.8%
All resale houses	$430,000	-34.4%	1,365	52.5%
All condominiums	$260,500	-38.0%	575	54.6%
All new homes	$492,750	-21.8%	237	-21.0%
Total homes	$400,000	-31.4%	2,177	38.9%

Latest home-selling stats from DataQuick show for the 22 business days ended Sept. 15 shows that O.C. homebuying runs 25.7% above a year ago. Selling doubled or more in 17 O.C. ZIPs - including all six covering Santa Ana. The 17, and their year-over-year gain ...

1. Santa Ana 92703 (+450%)
2. Santa Ana 92706 (+300%)
3. Santa Ana 92707 (+300%)
4. Anaheim 92806 (+266.7%)
5. Anaheim 92805 (+221.1%)
6. Anaheim 92807 (+200% )
7. Garden Grove 92844 (+200%)
8. Santa Ana 92704 (+171.4%)
9. Garden Grove 92843 (+170%)
10. Tustin 92780 (+161.1%)
11. Anaheim 92804 (+144.4%)
12. Fountain Valley 92708 (+142.9%)
13. Santa Ana 92701 (+130.8%)
14. Anaheim 92801 (+128.6%)
15. Westminster 92683 (+128%)
16. Newport Beach 92662 (+100%)
17. Santa Ana 92705 (+100%)

 Your thoughts and feedback on this topic are greatly appreciated.  Please feel free to post your comments.

Keeping you informed about the Orange County real estate market, economy and life in the OC is what I'm committed to doing.    

For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.  

Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7.

SEARCH ORANGE COUNTY'S BEST HOMES at Orange County MLS Home

 

Actor Nicolas Cage sold his Newport Beach, Calif., house last week for $35 million — setting a new record for Orange County.  Nicolas Cage paid $25 million for the nearly 0.6-acre property in 2005.  The buyer, 70-year-old Jerry Herbst, is owner, chairman and president of Las Vegas-based Terrible Herbst, which runs gas stations and other retail operations and is known for its “Bad Guy” cowboy logo.  Orange County’s previous record home-sale price was $30 million, a deal that closed in the summer of 2007 in Laguna Beach.

Jeff Collins article on Sunday July 22, 1007 referencing that median prices are up but sales are way down.  How can that be?  The simple answer is that there are more higher price homes selling versus lower priced homes.  This skews the median price up but in reality it is really falling. 

Here are the statistics for the first half of 2007 (January - June).  Below are the top 5 biggest gainers and the 5 biggest losers based upon the Median Price of homes sold.

Foothill Ranch 92610 (+25.5%), La Habra 90631 (14.4%), Laguna Niguel 92677 (+14.2%) , Newport Beach 92660 (+12.2%), Tustin 92780 (+10.2%) were the 5 biggest median price gainers over 2006. 

The biggest price losers were Newport Coast 92657 (-16.0%), Dana Point/Capo Beach 92694  (-15.8%), Orange 92868 (-15.3%), Irvine-Northwood 92620 (-14.8%, Yorba Linda 92887 (-12.5%).

Remember I'm here to help you with anything real estate related.  I'd be happy to answer any questions that you may have.  See my newsletter or my blog for up to date sales information.