Where’s 6 million-dollar ZIPs?
Posted in Real Estate News
For the 22 business days ending August 23 – DataQuick’s freshest stats — the Orange County real estate market had homebuying patterns showing:
- 31 of O.C.’s 83 ZIP codes with gains in their respective median selling price. Overall, buyers’ prices were -3.4% vs. a year ago.
- Taking sales volume in consideration, home-sale pricing is up in ZIPs representing 45% of the Orange County market.
- 6 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 34% drop in the countywide median price!
- Priciest ZIP? Newport Beach 92662 with a $3,665,000 median selling price.
- Current million-dollar ZIPs were 5% of all sales in the most recent period tracked.
- Cheapest ZIP? Laguna Woods 92637 with a $192,500 median selling price.
- There were 3 ZIPs with medians under $250,000 vs. 3 a year ago. ZIPs with medians under a quarter million had 4% of all sales in the most recent period.
- 44 of 83 O.C. ZIPs had year-over-year sales declines in the period — or 53% of the market.
- Overall, countywide sales were down 3.3% vs. a year ago.
- 2 of 83 O.C. ZIPs has sales gains of 100% or more in the period at the same time as 5 had sales drops greater than 50%!
- NOTE! 13 local ZIPs had both sales gains and price gains in the period. These double-gainers had combined sales volume equal to 14% of the Orange County market.
949-489-1583
888-500-1188
