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“O.C. SEES ITS BEST SUMMER IN HOUSING SINCE 2005”
*Sales - Up 11%
from 2012 and marks the busiest July to September since 2005.
*Prices - Increased
19.7% in September year over year.
*Affordability
- Only San Francisco is a tougher market for middle-class earners to crack.
Orange County came in as the second most unaffordable housing market in a study
of 100 spots around the US. San Francisco was the first at 14% and O.C came in
at 23%
September Compared to a Year Ago
Prices rose
23% in the 12 months ending in August, the biggest annual percentage gain in
almost 9 years. They are close to post-recession highs despite rising interest rates
and low inventory.
Resale Homes - up
20.0%
New Homes - up 2.6%
Resale
Condos - up 24.6%
Sales
Volume
Resale Homes - down 0.5%
New Homes - up 95.0%
Resale Condos - up 16.0%
Sales Volume
up 2,916 from 2,677 a year ago
Rentals Reach A New High
Orange
County apartment rents rose an average of $37 a month over the summer, pushing
the asking rent in a large complex to a record $1,708. The report marked the 11th
consecutive quarter of rising apartment rents in Orange County.
*Source LATimes, DQNews, Register 10/1-25/13-----------------------------------------------------------------
OCTOBER STATISTICS
FOR LAGUNA BEACH:
229 active listings
47 in escrow
31 closed sales from 10/01/13 - 10/31/13
31 Sales for OctoberAugust 2013:
10 sales under $1 million
101sales $1-2 million
3 sales $2-3 million
2 sales 3-4 million
2 sales $4-5 million
1 sales $6,350,000
1 sale $9,400,000
1 sale $15,500,000
*Update: CRMLS 11/18/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR SEPTEMBER 2012 COMPARED TO SEPTEMBER 2013:
Balboa Island - 92662 - 3 - $2,000,000 – minus 16.5%
Capo Beach - 92624 - 6 - $680,000 – 21.4%
Corona del Mar - 92625 - 17 - $2,149,000 – 61.6%
Costa Mesa - 92626 - 38- $625,000 – 24.6%
Costa Mesa - 92627 - 28 - $625,000 - 25%
Dana Point - 92629 - 28 - $835,000 - 30%
Laguna Beach - 92651 - 37 - $1,618,000 – 22.1%
Laguna Niguel - 92677 - 61 - $755,000 – 8.2%
Newport Beach - 92660 - 28 - $1,638,000 - 25%
Newport Beach – 92661 – 5 - $2,795,000 – 32.2%47 in escrow
31 closed sales from 10/01/13 - 10/31/13
31 Sales for OctoberAugust 2013:
10 sales under $1 million
101sales $1-2 million
3 sales $2-3 million
2 sales 3-4 million
2 sales $4-5 million
1 sales $6,350,000
1 sale $9,400,000
1 sale $15,500,000
*Update: CRMLS 11/18/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR SEPTEMBER 2012 COMPARED TO SEPTEMBER 2013:
Balboa Island - 92662 - 3 - $2,000,000 – minus 16.5%
Capo Beach - 92624 - 6 - $680,000 – 21.4%
Corona del Mar - 92625 - 17 - $2,149,000 – 61.6%
Costa Mesa - 92626 - 38- $625,000 – 24.6%
Costa Mesa - 92627 - 28 - $625,000 - 25%
Dana Point - 92629 - 28 - $835,000 - 30%
Laguna Beach - 92651 - 37 - $1,618,000 – 22.1%
Laguna Niguel - 92677 - 61 - $755,000 – 8.2%
Newport Beach - 92660 - 28 - $1,638,000 - 25%
Newport Beach – 92663 – 10 - $2,200.000 – 4.4%
Newport Coast – 92657 – 21 - $2,975,000 – 51.8%
San Clemente – 92672 – 23 - $795,000 – 13.6%
San Clemente – 92673 – 35 - $922,000 – 38%
*Source DQNews 10/25/13
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