Saturday, October 06, 2007

Latest South County housing numbers

The Register released the latest numbers from DataQuick on Friday. Here is how South OC looked for the 22 business days ending Sept. 21. For a complete breakdown of Orange County by ZIP code, click here to go to the Register article.



Scroll down to navigate the spread sheet. Here is a link to the spreadsheet itself.

What the data are telling us:
*The South OC median is up $10k to $700,000. This number is actually a median of ZIP code medians. The mean of these numbers is $787,921.12.

*The number of South OC home sales (616) dropped from the last report by about 5 percent.

*The Laguna Beach median took a huge beating. It is now $1 million, down from last time's $1.4 million figure, and down 47.3 percent from last year. Remember that with the small number of sales that took place, this number is easily skewed.

*Lake Forest and Ladera Ranch are still having huge problems. Both are seeing at least a 45 percent decline in year-over-year sales volume, and both experienced double-digit declines in the median price. RSM is also looking like it's cracking. Laguna Woods continued its year-over-year sales inventory increase, but its median price fell a bit again.

*14 of the 19 ZIP codes saw a decrease in year-over-year sales volume. The exceptions: Dana Point's 92629 (19.2 percent increase), Foothill Ranch (no change) and Laguna Woods (up 55.6 percent). Again, no ZIP saw a concurrent increase in sales volume and median price.

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