Here are the DataQuick numbers for March, as seen in the OC Register and on its Web site. As usual, we added in a weighted median for all of South OC, and compared this along with the sales total to March 2007 data from the Register archive.
Some notes:
- There was a modest spring bounce last month - sales rose from 368 in February to 439 in March. This represents an increase of 19%.
- Once again, there is only one median that is more than $1 million - Laguna Beach's 92651.
- Laguna Niguel, Mission Viejo (92692) and Trabuco Canyon/Coto had the worst year-over-year decline in terms of number of sales. The median price decline in Laguna Hills was the largest of any ZIP (52%). All this means is the types of properties that more frequently changed hands in this area were less expensive - it doesn't say much (if anything at all) about the situation in high-end parts like Nellie Gail.
- Laguna Niguel is the only area to see a positive year-over-year change in the median, but as we mentioned it is seeing a significant slowdown in terms of sales volume. No surprise, since sales volume is down across the board.
1 comments:
Just for fun, I threw out the two highest sales in Laguna Beach, one for $4,500,000 and one for $5,975,000. Without those, the median was below $1 million. Laguna routinely has a couple of wildly priced homes -- that I think skews the median. Laguna is different from the other communities in South OC which are tract communities.
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