Wednesday, July 31, 2013

AUGUST 2013 SOUTH ORANGE COUNTY REAL ESTATE


Pamela & Amanda OC Business Journal
Women in Business Award Nominees in 2013



EXISTING HOME SALES SKYROCKETED IN JUNE

Southern California home prices increased 28.3% in June compared to a year ago. The jump was greater than any year-over-year pop seen during the housing boom and the most since January 1989, the first time Data-Quick started tracking these figures.

This market's getting really interesting. There are signs the "blistering pace" of rising home prices won't continue due to rising mortgage rates and the fact that more home owners are waking up to this reviving market and listing their houses for sale.


Why are people moving? Western US leads in people moving more this year more than in the last 5 years. Responses noted: Newer or better home 50%, Better neighborhood 30%, Easier commute 21%

*Source DQNews 7/29/13

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JULY STATISTICS FOR LAGUNA BEACH:

234 active listings
54 in escrow
33 closed sales from 7/01/13 - 7/31/13

33 Sales for JULY 2013:5
5 sales under $1 million
16 sales $1-2 million
8 sales $2-3 million
2 sales $3-4 million

1 sale $8,000,000
1 sale $9,000,000

*Source CRMLS 7/31/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR JUNE 2012 COMPARED TO JUNE 2013:

Balboa Island - 92662 - 2 - $2,200,000 -minus 14.9%
Capo Beach - 92624 - 6 - $790,000 - 26.4%
Corona del Mar - 92625 - 15 - $2,000,000 - 28.4%
Costa Mesa - 92626 - 31- $610,000 - 17.3%
Costa Mesa - 92627 - 37 - $613,000 - 13.4%
Dana Point - 92629 - 32 - $763,000 - 2.5%
Laguna Beach - 92651 - 38 - $1,555,000 - 11.1%
Laguna Niguel - 92677 - 64 - $833,000 - 36.9%
Newport Beach - 92660 - 38 - $1,650,000 - 25.8%
Newport Beach - 92661 - 5 - $1,800,000 - 12.5%
Newport Beach - 92663- 14 - $1,463,000 - 28%
Newport Coast - 92657 - 18 - $3,145,000 - 71%
San Clemente - 92672 - 27 - $865,000 - 45.5%
San Clemente - 92673 - 49 - $855,000 - 22.1%

*Source DQNews/LATimes 7/29/13



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