Homebuying off 13% in Aliso Viejo, Dana Point, Laguna Niguel, San Clemente: 12 facts to know
Homebuying in Aliso Viejo, Dana Point, Laguna Niguel and San Clemente fell 13 percent in May vs. a year earlier.
May is traditionally a strong sales months for Orange County, as the prime spring selling season hits full stride. So we decided to see how neighborhood housing markets fared in this key period.
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CoreLogic found these 12 trends in 6 ZIP codes covered by the southern edition of the Orange County Register’s The Current weekly …
1. Purchases: Home sales in this period totaled 338 vs. 387 a year ago, a decline of 13 percent.
2. Who’s up: Prices increased in 4 of the 6 ZIPs as sales rose in 3 ZIPs.
3. Countywide: $738,500 median selling price, up 6.3 percent. Orange County sales totaled 3,519 residences, existing and new, vs. 3,666 a year ago, a decline of 4.0 percent. Prices rose in 57 out of 83 Orange County ZIPs and sales were up in 33 out of 83 ZIPs.
Here is how prices and sales moved at the community level …
4. Aliso Viejo 92656: $519,000 median, down 10.4 percent. Price rank in Orange County: No. 73 highest of 83. Sales of 69 vs. 104 a year ago, a decline of 33.7 percent.
5. Dana Point 92624: $1,050,000 median, up 43.8 percent. Price rank? No. 10 of 83. Sales of 13 vs. 6 a year ago, a gain of 116.7 percent.
6. Dana Point 92629: $949,000 median, up 6.9 percent. Price rank? No. 16 of 83. Sales of 46 vs. 40 a year ago, a gain of 15 percent.
7. Laguna Niguel 92677: $790,000 median, up 1.6 percent. Price rank? No. 29 of 83. Sales of 99 vs. 123 a year ago, a decline of 19.5 percent.
8. San Clemente 92672: $755,000 median, down 14.0 percent. Price rank? No. 36 of 83. Sales of 44 vs. 59 a year ago, a decline of 25.4 percent.
9. San Clemente 92673: $1,014,000 median, up 5.1 percent. Price rank? No. 14 of 83. Sales of 67 vs. 55 a year ago, a gain of 21.8 percent.
Let’s toss in three more countywide trends …
10. Single-family homes resales: 2,169 Orange County sales vs. 2,335 a year ago, a decline of 7.1 percent. Median: $800,000 — a rise of 5.7 percent in the timeframe.
11. Condo resales: 933 sales vs. 965 a year ago, a decline of 3.3 percent. Median: $502,000 — a rise of 1.9 percent in the period.
12. New homes: 417 sales vs. 365 a year ago, a gain of 14.2 percent. Median: $978,750 — a rise of 17.2 percent in the timeframe.
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