Is the High-End of the O.C. Housing Market About to Take a Dive?
Recently, I wrote that the Altos Market Action Index is showing Costa Mesa has a healthier housing market than Irvine does. This was something to note since this has not been the case for some time.
So I was wondering what the Altos Research indexes might tell us about the high-end of the Orange County housing market. Here is what I found out. Remember above 30 is a sellers’ market, and below 30 is a buyers’ market. For comparison, Irvine is 
currently 15.97, and Costa Mesa is currently 16.29.
Altos Market Action Indexes
- Corona Del Mar: 12.28
- Dana Point: 12.16
- Laguna Beach: 10.38
- Newport Beach: 10.11
- Newport Coast: 10.18
- Villa Park: 7.36
Now compare those numbers to the number for the often disparaged Santa Ana housing market, which currently has an Altos index of 18.48. By these numbers, Santa Ana housing is still a buyers’ market but is in better condition than many high-end areas as well as in better condition than Costa Mesa and Irvine’s housing market.
Santa Ana to high-priced home areas: Come in; the water is, well….