Blip or bubble? Home sales in Anaheim, Orange, Villa Park fell 8%

Homebuying in Anaheim, Orange and Villa Park fell 8 percent from August through November vs. the same period in 2017 amid a steep countywide slowdown.

Once primetime selling season ended in Orange County this summer, house hunters balked. That created the slowest-selling August-to-November period in seven years. Culprits were high prices and expensive mortgages. Meanwhile, homeowners and builders boosted the supply of residences for sale.

Here’s what my trusty spreadsheet told me when looking at house-hunting patterns at the neighborhood level in 2018’s August-to-November period vs. the same timeframe in ’17.

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CoreLogic found these 19 trends in 13 ZIP codes covered by the Orange County Register’s Anaheim Bulletin weekly, …

1. Purchases: Home sales in this period totaled 1,271 vs. 1,385 a year earlier, a decline of 8.2 percent.

2. Who’s up: Prices increased in 8 of the 13 ZIPs as sales rose in 3 ZIPs.

3. Countywide: $725,000 median selling price, up 3.6 percent. Orange County sales totaled 11,429 residences, existing and new, vs. 13,178 a year earlier, a decline of 13.3 percent. Prices rose in 56 out of 83 Orange County ZIPs and sales were up in 17 out of 83 ZIPs.

Here is how prices and sales moved at the community level …

4. Anaheim 92801: $525,500 median, up 3.0 percent. Price rank? 77th of 83. Sales of 97 vs. 106 a year earlier, a decline of 8.5 percent.

5. Anaheim 92802: $555,000 median, up 5.7 percent. Price rank? 72nd of 83. Sales of 113 vs. 72 a year earlier, a gain of 56.9 percent.

6. Anaheim 92804: $565,000 median, up 2.7 percent. Price rank? 70th of 83. Sales of 165 vs. 193 a year earlier, a decline of 14.5 percent.

7. Anaheim 92805: $543,500 median, up 6.0 percent. Price rank? 75th of 83. Sales of 118 vs. 154 a year earlier, a decline of 23.4 percent.

8. Anaheim 92806: $615,000 median, up 0.8 percent. Price rank? 62nd of 83. Sales of 71 vs. 69 a year earlier, a gain of 2.9 percent.

9. Anaheim 92807: $716,500 median, up 4.8 percent. Price rank? 41st of 83. Sales of 180 vs. 186 a year earlier, a decline of 3.2 percent.

10. Anaheim 92808: $730,000 median, up 11 percent. Price rank? 36th of 83. Sales of 92 vs. 108 a year earlier, a decline of 14.8 percent.

11. Orange 92865: $620,000 median, down 3.6 percent. Price rank? 61st of 83. Sales of 87 vs. 91 a year earlier, a decline of 4.4 percent.

12. Orange 92866: $683,000 median, down 15.2 percent. Price rank? 50th of 83. Sales of 36 vs. 32 a year earlier, a gain of 12.5 percent.

13. Orange 92867: $725,000 median, up 2.0 percent. Price rank? 38th of 83. Sales of 115 vs. 141 a year earlier, a decline of 18.4 percent.

14. Orange 92868: $548,500 median, down 1.3 percent. Price rank? 74th of 83. Sales of 42 vs. 43 a year earlier, a decline of 2.3 percent.

15. Orange 92869: $621,750 median, down 0.1 percent. Price rank? 60th of 83. Sales of 135 vs. 159 a year earlier, a decline of 15.1 percent.

16. Villa Park 92861: $1,162,500 median, down 25.6 percent. Price rank? 9th of 83. Sales of 20 vs. 31 a year earlier, a decline of 35.5 percent.

Plus, three more countywide trends found in August to November compared to the same period in ’17 …

17. Single-family-home resales: 6,761 Orange County sales vs. 7,836 a year earlier, a decline of 13.7 percent in the period. Median: $772,000 — a rise of 2.3 percent in the period.

18. Condo resales: 2,977 sales vs. 3,485 a year earlier, a decline of 14.6 percent in 12 months. Median: $505,000 — a rise of 3.2 percent in a year.

19. New homes: Builders sold 1,691 residences vs. 1,857 a year earlier, a decline of 8.9 percent in 12 months. Median: $955,000 — a rise of 11.9 percent in a year.