Wednesday, March 17, 2010

South Orange County homebuying soars 53%

The hottest housing tracts are south and inland — and that region’s now also Orange County’s most active housing market. That’s what our region-by-region analysis of February’s Orange County homebuying numbers from DataQuick shows …

  • DataQuick identified south inland ZIPs — median selling price $505,500 — having 598 sales in February, +53% from a year ago. In these 19 ZIPs, the latest median price change was +9.0% vs. a year ago. (Click on photos for details of 2 sales!)
  • 463 homes sold  in Orange County’s north-inland ZIP codes in this most recent period, -8% from a year ago. Median selling price? $476,500 in these 23 ZIPs. This most recent median price change was +6.0% vs. a year ago.
  • Mid-county ZIPs — median selling price $349,500 – had 594 sales, -16% from a year ago. In these 24 ZIPs, the freshets median price change was +5.5% vs. a year ago.widget-lansner-text-message
  • 302 homes sold in beach cities’ 17 ZIP codes in the most recent period, +11% from a year ago. Median selling price? $690,000 in these 17 ZIPs. Newest median price change was +0.7% vs. a year ago.
  • Combined, total homes sales in ZIPs in the north and mid-section of Orange County were -12.6% vs. a year ago as homebuying the the rest of the county ran +35.5% vs. 12 months earlier.
  • North/mid-county homes accounted for 54% of residences sold in the most recent period vs. 65% a year ago.
  • South inalnd ZIPs had 31% of the sales, highest share among the 4 slices. A year ago, mid-county (38%) led the pack.
  • All told, countywide sales were +6% vs. a year ago. The median selling price was +11% in the past year.

How did your neighborhood fare? Check our ZIP-by-ZIP data HERE!

http://lansner.freedomblogging.com/

Posted via web from The Newport Beach Lifestyle

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