Homebuying in Huntington Beach, Fountain Valley, Garden Grove, Westminster slumps 21% to start 2019

Homebuying in what we’ll call the “Beach Blvd. Corridor” — in and around Huntington Beach, Fountain Valley, Garden Grove and Westminster — fell 21% in what was Orange County homebuying’s slowest start to a year since 2009.

CoreLogic stats show the lowest countywide sales count for any first three months of a year since the Great Recession. It also was the third-slowest-selling first quarter in the real estate tracker’s database that dates to 1988. At the community level, sales rose in only one-sixth of Orange County’s 83 ZIP codes. With the slump, prices fell countywide, too.

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

1. Purchases: Home sales in the first quarter totaled 781 vs. 984 a year earlier, a decline of 21% in a year.

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

3. Countywide: $710,000 median selling price, down 2.1% in a year. Orange County sales totaled 6,211 residences, existing and new, vs. 7,804 a year earlier, a decline of 20.4% in a year. Prices rose in 36 out of 83 Orange County ZIPs and sales were up in 13 out of 83 ZIPs.

Here is how prices and sales moved iaround Huntington Beach, Fountain Valley, Garden Grove and Westminster …

4. Fountain Valley 92708: $789,000 median, up 3.8% in a year. Price rank? 26th of 83. Sales of 97 vs. 119 a year earlier, a decline of 18.5% over 12 months.

5. Garden Grove 92840: $565,000 median, down 2.6% in a year. Price rank? No. 68 of 83. Sales of 81 vs. 89 a year earlier, a decline of 9% over 12 months.

6. Garden Grove 92841: $603,750 median, down 10.6% in a year. Price rank? No. 59 of 83. Sales of 32 vs. 46 a year earlier, a decline of 30.4% over 12 months.

7. Garden Grove 92843: $560,000 median, down 0.9% in a year. Price rank? No. 70 of 83. Sales of 34 vs. 49 a year earlier, a decline of 30.6% over 12 months.

8. Garden Grove 92844: $460,000 median, down 24.9% in a year. Price rank? No. 79 of 83. Sales of 21 vs. 26 a year earlier, a decline of 19.2% over 12 months.

9. Garden Grove 92845: $660,000 median, up 1.5% in a year. Price rank? No. 50 of 83. Sales of 34 vs. 42 a year earlier, a decline of 19% over 12 months.

10. Huntington Beach 92646: $740,000 median, up 10.4% in a year. Price rank? No. 35 of 83. Sales of 132 vs. 149 a year earlier, a decline of 11.4% over 12 months.

11. Huntington Beach 92647: $730,000 median, down 2.0% in a year. Price rank? No. 38 of 83. Sales of 61 vs. 96 a year earlier, a decline of 36.5% over 12 months.

12. Huntington Beach 92648: $856,000 median, down 2.5% in a year. Price rank? No. 17 of 83. Sales of 75 vs. 129 a year earlier, a decline of 41.9% over 12 months.

13. Huntington Beach 92649: $750,000 median, up 1.1% in a year. Price rank? No. 34 of 83. Sales of 75 vs. 78 a year earlier, a decline of 3.8% over 12 months.

14. Midway City 92655: $597,000 median, up 17.1% in a year. Price rank? No. 61 of 83. Sales of 9 vs. 8 a year earlier, a gain of 12.5% over 12 months.

15. Stanton 90680: $380,000 median, down 9.5% in a year. Price rank? No. 81 of 83. Sales of 44 vs. 37 a year earlier, a gain of 18.9% over 12 months.

16. Westminster 92683: $650,000 median, up 0.9% in a year. Price rank? No. 54 of 83. Sales of 86 vs. 116 a year earlier, a decline of 25.9% over 12 months.

Plus, three more countywide trends found in first quarter 2019 vs. 2018’s first three months …

17. Single-family-home resales: 3,784 Orange County sales vs. 4,570 a year earlier, a decline of 17.2% in the period. Median: $760,000 — a dip of 1.9% in the period.

18. Condo resales: 1,721 sales vs. 2,108 a year earlier, a decline of 18.4% in 12 months. Median: $485,000 — a dip of 3.0% in 12 months.

19. New homes: Builders sold 706 residences vs. 1,126 a year earlier, a decline of 37.3% in 12 months. Median: $1,017,500 — a rise of 15.8% in a year.