Below is an OC Register article which points out a continuing upward trend of the Orange County Coastal area housing market.
Beach town home sales up 40%
June 13th, 2010, 12:33 am · posted by Jon Lansner
For the 22 business days ending May 25 – DataQuick’s latest stats — the 17 ZIPs located in beach towns communities showed …
- 587 homes sold, that is +40.1% vs. a year ago.
- The median selling price of these ZIPs was $719,000 – that is +7.1% vs. a year ago.
- The beach towns ZIPs comprised 18.5% of the recent home sales in Orange County vs. 15.2% a year ago.
A little geographical context …
- 36 ZIP codes in beach towns and inland South County communities had 1,523 homes sales. That’s up 38.6% vs. a year ago.
- 47 ZIP codes in mid-county and inland North County communities had 1,657 homes sales. That’s down 0.4% vs. a year ago.
- Thus, the share of Orange County homes sold in mid-county and inland North County neighborhoods was 52% vs. 60% a year ago.
The ZIP-by-ZIP results for beach towns communities …
Town ZIP Price Yr. chg. Sales Yr. chg. Corona del Mar 92625 $1,668,250 +19.2% 27 +350.0% Dana Point 92624 $550,000 -4.3% 11 +10.0% Dana Point 92629 $561,000 -11.7% 44 +12.8% Huntington Beach 92646 $530,000 +7.1% 75 +53.1% Huntington Beach 92647 $510,000 +10.4% 38 +11.8% Huntington Beach 92648 $850,000 +25.9% 44 -4.3% Huntington Beach 92649 $552,500 -10.6% 37 +68.2% Laguna Beach 92651 $965,000 -3.5% 42 +90.9% Newport Beach 92660 $1,000,000 +15.5% 47 +51.6% Newport Beach 92661 $1,610,000 +16.2% 10 +42.9% Newport Beach 92662 $1,800,000 +0.0% 7 +133.3% Newport Beach 92663 $775,000 +34.8% 23 +76.9% Newport Coast 92657 $1,900,000 +38.0% 28 +154.5% San Clemente 92672 $565,000 +4.6% 42 +31.3% San Clemente 92673 $630,000 -0.8% 49 +16.7% San Juan Capistrano 92675 $450,000 +57.9% 50 +35.1% Seal Beach 90740 $719,000 +0.6% 13 -13.3% Total O.C. $445,000 +9.9% 3,273 +14.6%
What are your thoughts?