Homebuying jumps in 42 ZIPs
Posted in Real Estate News
For the 22 business days ending December 15 — DataQuick’s freshest stats — the Orange County real estate market had homebuying patterns showing:
- 26 of O.C.’s 83 ZIP codes with gains in their respective median selling price. Overall, buyers’ prices were -8.3% vs. a year ago.
- Taking sales volume in consideration, home-sale pricing is up in ZIPs representing 58% of the Orange County market.
- 4 of 83 O.C. ZIPs with median sales prices above $1 million in the period vs. 11 million-dollar ZIPs when the county median price peaked in June 2007. Since that pricing pinnacle, there’s been a 38% drop in the countywide median price!
- Current million-dollar ZIPs were 3% of all sales in the most recent period tracked.
- There were 5 ZIPs with medians under $250,000 vs. 3 a year ago. ZIPs with medians under a quarter million had 3% of all sales in the most recent period.
- 42 of 83 O.C. ZIPs had year-over-year sales declines in the period — or 51% of the market.
- Overall, countywide sales were down 2.8% vs. a year ago.
- 1 of 83 O.C. ZIPs has sales gains of 100% or more in the period at the same time as 3 had sales drops greater than 50%!
- NOTE! 8 local ZIPs had both sales gains and price gains in the period. (Highlighted in green below!) These double-gainers had combined sales volume equal to 11% of the Orange County market.
949-489-1583
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