Homebuying spree hits all corners of O.C.

from Jonathan Lansner and Jeff Collins at OC Register

Our analysis of DataQuick trends shows a broad-based homebuying push — regionally speaking — lead Orange County to its best first-half sales in six years.

 That was a key highlight of our region-by-region study of how recent housing trends hit various corners of Orange County in the first half of 2012 …

Mid-County: These ZIPs — median selling price $456,375 — had 4,884 sales, +15.2% from a year ago. This was largest year-to-year gain among the four regions. In these 25 ZIPs, the median price change was -4.2% in a year. Mid-County accounted for 24% of recent home sales vs. 24% a year ago.

  • South Inland: These ZIPs — median selling price $440,000 — had 3,752 sales, +13.3% from a year ago. In these 19 ZIPs, median price change was +0.6% in a year. South Inland accounted for 23% of recent home sales vs. 23% a year ago.
  • Beach Towns: 3,630 homes sold in these ZIP codes in the most recent period, +12.9% from a year ago. Median selling price? $430,000 in these 17 ZIPs. Median price change was -2.6% in a year. Beach Towns accounted for 23% of recent home sales vs. 23% a year ago.
  • North Inland: 3,817 homes sold in these Orange County ZIP codes in this most recent period, +10.2% from a year ago. This was largest year-to-year drop among the four regions. Median selling price? $449,500 in these 22 ZIPs. This most recent median price change was -2.4% in a year. North Inland accounted for 30% of recent home sales vs. 30% a year ago.

Other analysis:

  • Broken down another way, total homes sales in ZIPs in the north and mid-section of Orange County were +12.9% vs. a year ago as homebuying the rest of the county ran +13.1% vs. 12 months earlier.
  • All told, countywide sales were +11.3% vs. a year ago. The median selling price was $420,000 for all residences sold in this period. That’s -1.9% in the past year. Note: 1,639 sales — 10% of all sales — were not included in the regional analysis because ZIP location could not be determined.
  • How did your neighborhood fare? Check our ZIP-by-ZIP data HERE!
  • Vote in our latest real estate poll HERE!

For some real estate context …

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