JUNE 2013 SOUTH ORANGE COUNTY REAL ESTATE

Heisler Park
Great for a stroll along the oceanfront, bring your picnic basket!

 

HIGHEST APRIL HOME SALES SINCE '06; MEDIAN PRICE NEARS 5-YR HIGH

Southern California homes sold at the fastest pace for an April in seven years amid the release of pent-up demand for move-up homes and high levels of investor purchases.

Median Sale Price: Rose to a 58-month high, reflecting both home price appreciation as well as the simultaneous plunge in foreclosure resales and surge in mid- to up-market buying.

Foreclosures and Short Sales: Made up only 12.4% of all sales and short sales made up only 17.7%. Last month's figure was the lowest since it was 10.0% in August 2007. In the current cycle, foreclosure resales hit a high of 56.7% in February 2009.

*Source DQNews 5/14/13

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MAY STATISTICS FOR LAGUNA BEACH:

219 active listings
62 in escrow
44 closed sales from 5/01/13 - 5/31/13

44 Sales for May 2013:
7 sales under $1 million
23 sales $1-2 million
6 sales $2-3 million2
2 sales $3-4 million
1 sale for $4.6 million
3 sales $6-7 million
1 sale $8,100,0001
1 sale for $13,650,000

*As inventory of under $1M listings decreases, the over $1M listings show increased sales.Someone said recently, "The new $1million is now $2Million.

*Source CRMLS 5/31/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR APRIL 2012 COMPARED TO APRIL 2013:

Balboa Island - 92662 - 6 - $1,650,000 - 26.9%
Capo Beach - 92624 - 7 - $853,000 - 2.9%
Corona del Mar - 92625 - 16 - $2,100,000 - 35.5%
Costa Mesa - 92626 - 40- $595,000 - 26.6%
Costa Mesa - 92627 - 25 - $760,000 - 38.6%
Dana Point - 92629 - 32 - $876,000 - 32.9%
Laguna Beach - 92651 - 40 - $1,388,000 - 12.8%
Laguna Niguel - 92677 - 88 - $740,000 - 20.3%
Newport Beach - 92660 - 58 - $1,599,000 - 31.1%
Newport Beach - 92661 -4 - $1,700,000 - 18.5%
Newport Beach - 92663- 17 - $1,900,000 - 68.1%
Newport Coast - 92657 - 20 - $2,313,000 - minus 14.4%
San Clemente - 92672 - 29 - $647,000 - minus 5.5%
San Clemente - 92673 - 51 - $825,000 - 20.4%

*Only 2 zip code with minus %, and all median prices are up along with sales median sale prices.
*Source DataQuickNews/LATimes 5/24/13

 

 

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