Sweet Orange

Today, we will take a look at how the North Orange County housing market for detached homes is doing as shown by the Altos Market Action Index. The most interesting numbers are for the highest priced market in this area, Yorba Linda, and the lowest price area, Stanton.

According to the Altos index numbers for North Orange County, the Yorba Linda housing market has the least healthy outlook, and Stanton has the healthiest outlook. However, as shown by the index numbers, the housing market in all North Orange County cities is a buyers’ market. This is a repeat of what was happening in May.

Note: 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. The Altos numbers are for detached houses only (condos are not included). For this reason, I have included numbers that show the percentage of houses in each city that are detached.

Anaheim: Approximate % homes on market that are detached: 73%

• Median list price (August 16,2009): $364,232
• Altos Research Market Action Index:
  August 16: 22.19
  July 5: 23.69

Brea: Approximate % homes on market that are detached: 89%

• Median list price (August 16,2009): $550,327
• Altos Research Market Action Index:
  August 16: 16.57
  July 5: 20.14

Buena Park: Approximate % homes on market that are detached: 85%

• Median list price (August 16,2009): $357,945
• Altos Research Market Action Index:
  August 16: 21.09
  July 5: 23.32

Cypress: Approximate % homes on market that are detached: 67%

• Median list price (August 16,2009): $502,327
• Altos Research Market Action Index:
  August 16: 20.12
  July 5: 25.82

Fullerton: Approximate % homes on market that are detached: 78%

• Median list price (August 16,2009): $545,955
• Altos Research Market Action Index:
  August 16: 18.90
  July 5: 21.41

Garden Grove: Approximate % homes on market that are detached: 78%

• Median list price (August 16,2009): $376,622
• Altos Research Market Action Index:
  August 16: 26.00
  July 5: 27.56

La Habra: Approximate % homes on market that are detached: 69%

• Median list price (August 16,2009): $508,236
• Altos Research Market Action Index:
  August 16: 21.56
  July 5: 21.64

La Palma: Approximate % homes on market that are detached: 81%

• Median list price (August 16,2009): $606,200
• Altos Research Market Action Index:
  August 16: 18.77
  July 5: 18.65

Placentia: Approximate % homes on market that are detached: 75%

• Median list price (August 16,2009): $527,559
• Altos Research Market Action Index:
  August 16: 18.14
  July 5: 20.49

Stanton: Approximate % homes on market that are detached: 66%

• Median list price (August 16,2009): $309,736
• Altos Research Market Action Index:
  August 16: 25.48
  July 5: 23.67

Westminster: Approximate % homes on market that are detached: 87%

• Median list price (August 16,2009): $451,536
• Altos Research Market Action Index:
  August 16: 23.12
  July 5: 27.83

Yorba Linda: Approximate % homes on market that are detached: 79%

• Median list price (August 16,2009): $804,377
• Altos Research Market Action Index:
  August 16: 15.00
  July 5: 17.88

Following are the Costa Mesa detached home housing numbers that cover the last six months. For previous Costa Mesa detached home stats, see  my post from my past life as a Redfin blogger. More later on what these housing numbers mean.

Tomorrow: a look at the Costa Mesa condo numbers

Median List Sales Price:

• March 20, 2009: $640K/$352 per square foot
• February 22, 2009: $650K/$352 per square foot
• January 30, 2009: $630K/$342 per square foot
• December 31, 2008: $629K/$343 per square foot
• November 30, 2008: $630K/$345 per square foot
• October 27, 2008: $674K/$352 per square foot

Median Sold Price*:

• March 20, 2009: $466K/$299 per square foot
• February 22, 2009: $460K/$307 per square foot
• January 30, 2009: $470K/$334 per square foot
• December 31, 2008: $499K/$343 per square foot
• November 30, 2008: $504K/$341 per square foot
• October 27, 2008: $525K/$338 per square foot

Median Days on Market*:

• March 20, 2009: 109
• February 22, 2009: 118
• January 30, 2009: 117
• December 31, 2008: 110
• November 30, 2008: NA
• October 27, 2008: 89

Number of Homes on the Market (Inventory):

• March 20, 2009: 255 (19 foreclosures)
• February 22, 2009: 258 (17 foreclosures)
• January 30, 2009: 249 (33 foreclosures)
• December 31, 2008: 250 (35  foreclosures)
• November 30, 2008: 284 (31 foreclosures)
• October 27, 2008: 291 (17 foreclosures)

Market Action Index (Source: Altos Research, see note below) :

• March 20, 2009: 15.04
• February 22, 2009: 15.43
• January 30, 2009: 16.71
• December 31, 2008: 17.98
• November 30, 2008: 18.46
• October 26, 2008: 18.45

Note: 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. Also, note that the Altos numbers are for detached homes only (condos are not included) and that the Altos median sales price and median price per square foot are for the list price, not the sold price.

*Based on homes sold or taken off market in the previous 90 days. These include MSL-listed, for-sale-by-owner, and bank-foreclosure homes.

Source unless otherwise noted: Redfin