201906.10
0

Aliso Viejo, Dana Point, Laguna Niguel, San Clemente home sales down 13% in O.C.’s worst slump since ’12

by in News

Homebuying in Aliso Viejo, Dana Point, Laguna Niguel and San Clemente fell 13.4% in what was Orange County’s slowest nine months of home purchases since 2012.

For nine consecutive months through April, CoreLogic housing stats show countywide sales failing to top the year-ago period. We wanted to see how these lethargic sales trends played out at the neighborhood level, knowing that homebuying declined in roughly eight of nine local ZIP codes.

ICYMI: Does California need another crash to create affordable homes?

CoreLogic found these 12 trends in six ZIP codes covered by The Current, the weekly south county edition of the Orange County Register …

1. Purchases: Home sales in these nine months totaled 2,284 vs. 2,638 a year earlier, a decline of 13.4% in the period.

2. Who’s up: Prices increased in two of the six ZIPs as sales rose in none of these south county ZIPs.

3. Countywide: $720,000 median selling price, flat in the period. Orange County sales totaled 22,872 residences, existing and new, vs. 27,289 a year earlier, a decline of 16.2% in a year. Prices rose in 43 out of 83 Orange County ZIPs and sales were up in 9 out of 83 ZIPs.

Here is how prices and sales moved in Aliso Viejo, Dana Point, Laguna Niguel and San Clemente …

4. Aliso Viejo 92656: $578,750 median, flat in the period. Price rank in Orange County: No. 65 highest of 83. Sales of 488 vs. 600 a year earlier, a decline of 18.7% in a year.

5. Dana Point 92624: $881,250 median, up 0.4% in a year. Price rank? No. 21 of 83. Sales of 63 vs. 79 a year earlier, a decline of 20.3% in a year.

6. Dana Point 92629: $900,000 median, down 10.9% in a year. Price rank? No. 17 of 83. Sales of 344 vs. 391 a year earlier, a decline of 12.0% in a year.

7. Laguna Niguel 92677: $791,750 median, down 1.6% in a year. Price rank? No. 28 of 83. Sales of 688 vs. 798 a year earlier, a decline of 13.8% in a year.

8. San Clemente 92672: $1,025,000 median, up 7.3% in a year. Price rank? No. 11 of 83. Sales of 380 vs. 401 a year earlier, a decline of 5.2% in a year.

9. San Clemente 92673: $895,000 median, down 6.8% in a year. Price rank? No. 19 of 83. Sales of 321 vs. 369 a year earlier, a decline of 13.0% in a year.

Sign up for The Home Stretch newsletter. Get weekly housing news on affordability, renting, buying, selling and more. Subscribe here.

Plus, three more countywide trends found in nine months ended in April vs. the same period one year earlier …

10. Single-family home resales: 13,720 Orange County sales vs. 16,058 a year earlier, a decline of 14.6% in the period. Median: $767,000 — a dip of 1.0% in the period.

11. Condo resales: 6,038 sales vs. 7,218 a year earlier, a decline of 16.3% in 12 months. Median: $500,000 — unchanged in the timeframe.

12. New homes: Builders sold 3,114 residences vs. 4,013 a year earlier, a decline of 22.4% in 12 months. Median: $981,500 — a rise of 7.3% in a year.