Central Orange County Housing Report: Gauging the Detached Homes Status
Yesterday, we took a look at some housing market numbers for North Orange County. Today, we will take a look at how the Central Orange County housing market for detached homes is doing as shown by the Altos Market Action Index. The Altos Market Action Index shows the balance between potential buyers and sellers, in other words, the balance between supply and demand. Above 30 is a sellers’ market; below 30 is a buyers’ market.
Note that the Altos numbers are for detached homes only (condos are not included). For this reason, I have included numbers that show the percentage of home in each city that are detached. The index numbers listed below are as reported by Altos Research on July 12, 2009. The Altos numbers are updated each week, so if you click on the Altos index numbers for each city, you will see the July 19 numbers (or the most recent index number). In most cases, the July 19 numbers show that the market has retreated further into a buyers’s market in just this one week.
Also, note that the Altos numbers for Central Orange County show a similar story when it comes to the high-end and low-end of the housing market: Central Orange County cities with the highest-priced homes have some of the least favorable market index number (for example, Newport Beach, Villa Park and Los Alamitos). And the Central Orange County cities with lower-priced homes have some of the most favorable market index numbers (for example, Santa Ana). However, as shown by the numbers, the housing market in all of these cities is a buyers’ market.
To see what homes are currently on the market as well as what homes have sold recently, click on the city name.
Note: The brown line in the graphs is the Altos Market Action Index 90-day median; the black line is the Altos Market Action Index 7-day median.
Costa Mesa- Altos Research Index–21.13
- approximate % homes on market that are detached–72%
Fountain Valley- Altos Research Index–26.05
- approximate % homes on market that are detached–81%
Huntington Beach- Altos Research Index–~14.50
- approximate % homes on market that are detached–69%
Irvine- Altos Research Index–18.31
- approximate % homes on market that are detached–43%
Los Alamitos- Altos Research Index–11.90
- approximate % homes on market that are detached–77%
Newport Beach- Altos Research Index–11.42
- approximate % homes on market that are detached–67%
Orange- Altos Research Index–19.26
- approximate % homes on market that are detached–86%
Santa Ana- Altos Research Index–21.75
- approximate % homes on market that are detached–64%
Seal Beach- Altos Research Index–12.91
- approximate % homes on market that are detached–26%
Altos Research Index–19.09- approximate % homes on market that are detached–51%
Altos Research Index–8.43- approximate % homes on market that are detached–100%