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What are the real estate trends in the Orange County market?

Here is the  most recent Orange County home sales data, ending July 8th, courtesy of the OC Register. For more information, please contact us at 714-743-9778, or email us at Aducroshomes@gmail.com / www.AshlieDuCros.com

 

 

Slice

Price

Ch.

Sold

Ch.

House

$500,000

-3%

1,623

-16%

Condo

$275,000

-9%

780

-13%

New

$577,000

+12%

273

-10%

All OC

$435,000

-2%

2,676

-14%

 

 

 

 

 

Town

ZIP

Price

Yr. chg.

Sales

Yr. chg.

Newport Beach

92662

$4,400,000

-20.2%

2

+0.0%

Newport Coast

92657

$2,059,000

+66.7%

15

-34.8%

Corona del Mar

92625

$1,440,000

+10.8%

26

-10.3%

Newport Beach

92661

$1,258,000

-32.4%

5

-28.6%

Laguna Beach

92651

$1,178,750

-7.5%

27

-25.0%

Newport Beach

92660

$973,500

-14.6%

45

+9.8%

Villa Park

92861

$882,500

-1.8%

4

-50.0%

Irvine

92603

$820,000

-13.7%

38

+0.0%

Irvine

92602

$755,000

+13.7%

17

-41.4%

Huntington Beach

92648

$725,000

+16.9%

45

-10.0%

Los Alamitos

90720

$704,250

-11.6%

16

+23.1%

San Clemente

92673

$686,000

-9.7%

53

-10.2%

Trabuco/Coto

92679

$675,000

-6.3%

62

-20.5%

Brea

92823

$667,500

+41.0%

6

+200.0%

Seal Beach

90740

$657,000

-11.2%

18

+80.0%

Newport Beach

92663

$635,250

-42.0%

26

+13.0%

Irvine

92620

$635,000

-10.6%

60

-15.5%

Yorba Linda

92886

$629,500

-8.0%

52

-25.7%

Santa Ana

92705

$580,000

-20.4%

49

+19.5%

Dana Point

92624

$570,000

-10.0%

8

+33.3%

Huntington Beach

92649

$558,500

-5.3%

27

-20.6%

Irvine

92604

$544,500

+9.4%

22

-15.4%

Fountain Valley

92708

$538,000

-2.2%

41

-8.9%

Irvine

92618

$533,500

-8.7%

88

-30.7%

Irvine

92606

$527,000

-5.9%

8

-46.7%

Dana Point

92629

$525,000

-8.1%

44

+7.3%

San Clemente

92672

$524,500

+3.9%

43

+0.0%

Yorba Linda

92887

$522,500

-16.4%

28

-3.4%

Laguna Niguel

92677

$521,500

-14.4%

105

+5.0%

Fullerton

92835

$517,500

-13.8%

23

+4.5%

Huntington Beach

92646

$507,000

+6.6%

46

+0.0%

Anaheim

92807

$505,000

+6.9%

41

-2.4%

Irvine

92614

$492,500

-7.8%

30

+114.3%

Tustin

92782

$491,000

-6.5%

47

+14.6%

Mission Viejo

92692

$477,500

-8.7%

58

-21.6%

Costa Mesa

92626

$465,000

-5.1%

31

-18.4%

Costa Mesa

92627

$465,000

+0.0%

37

-9.8%

Anaheim

92808

$460,000

+7.0%

38

+15.2%

Laguna Hills

92653

$460,000

+0.5%

33

-17.5%

Placentia

92870

$459,000

+6.7%

31

-26.2%

Orange

92867

$456,000

-12.1%

33

-8.3%

Huntington Beach

92647

$450,000

-15.7%

34

+21.4%

Ladera Ranch

92694

$450,000

-8.5%

49

-7.5%

La Palma

90623

$446,000

-14.2%

2

-84.6%

Orange

92869

$442,500

-1.7%

38

-11.6%

Garden Grove

92845

$432,500

-14.8%

20

+150.0%

Irvine

92612

$428,000

-8.0%

39

+0.0%

Orange

92866

$427,500

-17.8%

7

+0.0%

Brea

92821

$422,500

-15.5%

25

-26.5%

Tustin

92780

$410,000

+9.3%

42

-4.5%

San Juan Capistrano

92675

$405,000

+1.3%

36

-28.0%

Westminster

92683

$405,000

-3.2%

49

-14.0%

Santa Ana

92706

$396,000

+12.3%

30

+15.4%

Buena Park

90621

$395,000

+12.9%

19

-29.6%

Anaheim

92806

$390,000

+4.3%

17

-10.5%

Mission Viejo

92691

$388,000

-15.7%

51

-35.4%

Orange

92865

$387,000

-13.6%

24

-38.5%

Fullerton

92831

$384,250

-9.9%

28

+0.0%

Fullerton

92833

$355,000

-2.7%

41

-29.3%

Garden Grove

92841

$352,500

-0.8%

26

-13.3%

Cypress

90630

$351,000

-22.0%

31

-35.4%

Lake Forest

92630

$351,000

-14.7%

60

-10.4%

Fullerton

92832

$345,000

+9.2%

16

-33.3%

La Habra

90631

$340,000

+7.9%

47

-35.6%

Aliso Viejo

92656

$337,500

-20.1%

96

-12.7%

Garden Grove

92844

$337,000

+5.6%

11

-38.9%

Buena Park

90620

$336,500

-9.7%

37

+2.8%

Orange

92868

$332,500

+3.9%

18

-10.0%

Garden Grove

92840

$331,000

-1.2%

43

+7.5%

Rancho Santa Margarita

92688

$329,500

-3.9%

69

-23.3%

Anaheim

92804

$321,250

-4.1%

36

-47.1%

Midway City

92655

$320,000

-6.6%

4

-33.3%

Anaheim

92802

$314,750

-1.6%

20

+33.3%

Garden Grove

92843

$306,000

+18.1%

15

-48.3%

Santa Ana

92704

$300,000

+2.0%

41

-26.8%

Anaheim

92801

$298,000

-9.7%

32

-11.1%

Anaheim

92805

$280,000

-13.8%

44

-24.1%

Santa Ana

92703

$272,000

-0.4%

25

-44.4%

Stanton

90680

$251,000

+0.4%

27

-12.9%

Foothill Ranch

92610

$236,000

-51.8%

17

+21.4%

Santa Ana

92707

$228,000

-6.5%

52

+52.9%

Laguna Woods

92637

$213,000

-3.2%

32

-8.6%

Santa Ana

92701

$137,500

-9.8%

28

-17.6%

Total O.C.

 

$435,000

-2.5%

2,676

-14.4%

Existing-Home Sales Slip, But Prices Stabilize

by Ashlie DuCros

Find out the recent trends in real estate market for the month of July 2011...

Existing-Home Sales Slip, But Prices Stabilize

 

Existing-home sales eased in June as contract cancellations spiked unexpectedly, although prices were up slightly, according to the National Association of REALTORS®

Sales gains in the Midwest and South were offset by declines in the Northeast and West. Single-family home sales were stable while the condo sector weakened.

Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, declined 0.8 percent to a seasonally adjusted annual rate of 4.77 million in June from 4.81 million in May, and remain 8.8 percent below the 5.23 million unit level in June 2010, which was the scheduled closing deadline for the home buyer tax credit.

Lawrence Yun, NAR chief economist, said this is an uneven recovery. “Home sales had been trending up without a tax stimulus, but a variety of issues are weighing on the market including an unusual spike in contract cancellations in the past month,” he said. “The underlying reason for elevated cancellations is unclear, but with problems including tight credit and low appraisals, 16 percent of NAR members report a sales contract was cancelled in June, up from 4 percent in May, which stands out in contrast with the pattern over the past year.”

Yun cited other factors in the sales performance. “Pending home sales were down in April but up in May, so we may be seeing some of that mix in closed sales for June. However, economic uncertainty and the federal budget debacle may be causing hesitation among some consumers or lenders.”

The national median existing-home price for all housing types was $184,300 in June, up 0.8 percent from June 2010. Distressed homes — foreclosures and short sales generally sold at deep discounts — accounted for 30 percent of sales in June, compared with 31 percent in May and 32 percent in June 2010.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 4.51 percent in June, down from 4.64 percent in May; the rate was 4.74 percent in June 2010.

Key Issues

NAR President Ron Phipps said home sales should be higher. “With record-high housing affordability conditions thus far in 2011, we’d normally expect to see stronger home sales,” he said. “Even with job creation below expectations, excessively tight loan standards are keeping many buyers from completing deals. Although proposals being considered in Washington could effectively put more restrictions on lending, some banking executives have hinted that credit may return to more normal, safe standards in the not-too-distant future, but the tardiness of this process is holding back the recovery.”

Phipps added that lower mortgage loan limits, due to go into effect on Oct. 1, already are having an impact. “Some lenders are placing lower loan limits on current contracts in anticipation they may not close before the end of September. As a result, some contracts may be getting cancelled because certain buyers are unwilling or unable to obtain a more costly jumbo mortgage,” he said.

Total housing inventory at the end of June rose 3.3 percent to 3.77 million existing homes available for sale, which represents a 9.5-month supply at the current sales pace, up from a 9.1-month supply in May.

All-cash transactions accounted for 29 percent of sales in June; they were 30 percent in May and 24 percent inJune 2010; investors account for the bulk of cash purchases.

First-time buyers purchased 31 percent of homes in May, down from 36 percent in May; they were 43 percent in June 2010 when the tax credit was in place. Investors accounted for 19 percent of purchase activity in June, unchanged from May; they were 13 percent in June 2010.

The balance of sales was to repeat buyers, which were a 50 percent market share in June, up from 45 percent in May, which appears to be a normal seasonal gain.

Single-family home sales were unchanged at a seasonally adjusted annual rate of 4.24 million in June, but are 7.4 percent below a 4.58 million pace in June 2010. The median existing single-family home price was $184,600 in June, up 0.6 percent from a year ago.

Existing condominium and co-op sales fell 7.0 percent to a seasonally adjusted annual rate of 530,000 in June from 570,000 in May, and are 18.0 percent below the 646,000-unit level a year ago. The median existing condo price5 was $182,300 in June, up 1.8 percent from June 2010.

Regional Performance

Existing-home sales in the Northeast fell 5.2 percent to an annual pace of 730,000 in June and are 17.0 percent below June 2010. The median price in the Northeast was $261,000, up 3.1 percent from a year ago.

Existing-home sales in the Midwest rose 1.0 percent in June to a pace of 1.04 million but are 14.0 percent below a year ago. The median price in the Midwest was $147,700, down 5.3 percent from June 2010.

In the South, existing-home sales increased 0.5 percent to an annual level of 1.86 million in June but are 5.6 percent belowJune 2010. The median price in the South was $159,100, down 0.1 percent from a year ago.

Existing-home sales in the West declined 1.7 percent to an annual pace of 1.14 million in June and are 2.6 percent below a year ago. The median price in the West was $240,400, up 9.5 percent from June 2010. 

For more information on this article, please contact me at ADucroshomes@gmail.com, or go to www.AshlieDuCros.com

July 2011 - Orange County Stats

by Ashlie DuCros

Here are the current homes on the market vs. homes that are in escrow in Yorba Linda, Brea, Fullerton, Anaheim Hills, Newport Coast, Orange, and Irvine, Laguna Beach, North Tustin, and Anahiem.

 

July 2011- Orange County Stats

July 2011 Orange County Stats: # Of Homes For Sale vs. Homes In Escrow

City:

For Sale:

 In Escrow:

Yorba Linda

385

153

Brea

90

62

Fullerton

404

244

Anaheim Hills

182

101

Newport Coast

149

31

Orange

418

230

Irvine

846

396

Laguna Beach

North Tustin

Anaheim

347

105

602

72

24

405

 

For questions please contact me at 714-743-9778 or log on to www.ashlieducros.com 

Displaying blog entries 1-3 of 3

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Ashlie DuCros & Associates
Coldwell Banker Previews Global Luxury
21580 Yorba Linda Blvd.
Yorba Linda CA 92887
714-743-9778
Fax: 714-849-5489