Sunday, March 02, 2008

South OC home stats

Here are the latest DataQuick figures the OC Register ran in today's paper. The data are from the 22 business days ending Feb. 13:



Some notes of interest:

  • Back in October, there were 4 South OC ZIP codes that had a median price of $1 million or more. Now, Laguna Beach is the only one that can claim the distinction.

  • No South OC ZIP code saw a year-over-year increase in both median price and sales volume. There were 44.41% fewer South OC sales during this time compared to the same period in 2007, and 54.11% fewer sales compared to the same period in 2006. If we go back even further to 2005 the latest data represents a 56.16% decrease in the number of completed sales.

  • "Top" 3 South OC ZIPS suffering the worst in terms of median price and sales volume compared to the same period in 2007 are Ladera Ranch (92694); Lake Forest (92630) and Mission Viejo (92691). Top 3 least affected are Dana Point (92629); San Clemente (92672) and Dana Point (92624).

  • Most sales: Laguna Niguel (92677), 43. Least sales: Foothill Ranch (92610), 3. Biggest % decrease in year-over-year sales: Ladera Ranch (92694), -67.9%. Biggest % increase in year-over-year sales: Dana Point (92629), 19.2%.

  • Largest year-over-year increase in the median: San Clemente (92672), +54.2%. Largest decrease in the median: Ladera Ranch (92694), -36.1%.

  • This data makes it clear that Ladera Ranch was the worst-performing South OC ZIP code during the time period. This area not only had the largest year-over-year decline in the median sales price, it also recorded the largest year-over-year drop in the number of homes sold.
About the data: The % change in sales volume for all of South OC was computed by adding up the individual sales from this data and comparing them to the same time period last year. The "all South OC" median home price and % change near the bottom of the chart, however, are medians of medians from all South OC ZIP codes. The "all OC" data is from the Register's information.

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