O.C. housing’s worst slump since ’12 cut sales by 13% in Brea, Buena Park, Fullerton, La Habra, Placentia, Yorba Linda
Homebuying in Brea, Buena Park, Fullerton, La Habra, La Palma, Placentia and Yorba Linda fell 13% in what was Orange County slowest nine months of sales 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.
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CoreLogic found these 19 trends in 13 ZIP codes covered by the Orange County Register’s North County News weekly, …
1. Purchases: Home sales in these nine months totaled 3,103 vs. 3,563 a year earlier, a decline of 13% in a year.
2. Who’s up: Prices increased in seven of the 13 ZIPs as sales rose in just two 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 northern Orange County …
4. Brea 92821: $678,000 median, down 3.1% over 12 months. Price rank? 50th of 83 Orange County ZIPs. Sales of 250 vs. 308 a year earlier, a decline of 18.8% in a year.
5. Brea 92823: $780,000 median, up 3.4% over 12 months. Ranks 32nd priciest of 83 ZIPs. Sales of 65 vs. 78 a year earlier, a decline of 16.7% in a year.
6. Buena Park 90620: $575,000 median, down 0.7% over 12 months. Ranks 66th priciest of 83 ZIPs. Sales of 241 vs. 289 a year earlier, a decline of 16.6% in a year.
7. Buena Park 90621: $567,250 median, up 0.3% over 12 months. Ranks 69th priciest of 83 ZIPs. Sales of 194 vs. 237 a year earlier, a decline of 18.1% in a year.
8. Fullerton 92831: $610,000 median, up 6.2% over 12 months. Ranks 62nd priciest of 83 ZIPs. Sales of 187 vs. 217 a year earlier, a decline of 13.8% in a year.
9. Fullerton 92832: $565,500 median, up 10.8% over 12 months. Ranks 70th priciest of 83 ZIPs. Sales of 115 vs. 100 a year earlier, up 15.0% in a year.
10. Fullerton 92833: $600,000 median, down 1.6% over 12 months. Ranks 63rd priciest of 83 ZIPs. Sales of 298 vs. 392 a year earlier, a decline of 24.0% in a year.
11. Fullerton 92835: $752,500 median, up 3.2% over 12 months. Ranks 34th priciest of 83 ZIPs. Sales of 215 vs. 276 a year earlier, a decline of 22.1% in a year.
12. La Habra 90631: $545,500 median, up 2.9% over 12 months. Ranks 73rd priciest of 83 ZIPs. Sales of 438 vs. 450 a year earlier, a decline of 2.7% in a year.
13. La Palma 90623: $715,500 median, up 7.2% over 12 months. Ranks 41st priciest of 83 ZIPs. Sales of 67 vs. 95 a year earlier, a decline of 29.5% in a year.
14. Placentia 92870: $658,500 median, down 3.9% over 12 months. Ranks 53rd priciest of 83 ZIPs. Sales of 325 vs. 361 a year earlier, a decline of 10% in a year.
15. Yorba Linda 92886: $800,000 median, down 5.1% over 12 months. Ranks 26th priciest of 83 ZIPs. Sales of 488 vs. 545 a year earlier, a decline of 10.5% in a year.
16. Yorba Linda 92887: $797,500 median, down 10.7% over 12 months. Ranks 27th priciest of 83 ZIPs. Sales of 220 vs. 215 a year earlier, up 2.3% in a year.
Plus, three more countywide trends found in nine months ended in April vs. the same period one year earlier …
17. 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% in the period.
18. 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.
19. 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.