Sweet Orange » housing statistics

Market Report: The South Orange County Housing Numbers–October 2009

Sylvia Walker — Thu, 22 Oct 2009 09:36:30 +0000

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, these Altos Research numbers are for detached houses only (condos are not included). For this reason, I have included numbers that show the percentage of hones in each city that are detached houses. The Redfin numbers are for both houses and condos.

To see additional information from Redfin including which homes are currently on the market as well as what homes have sold for recently, click on the Redfin link. To see additional Altos Research numbers for each city, click on the Altos Research link.

Summary: When comparing the North, Central and South Orange County housing markets, North Orange County is in the best shape, next is Central Orange County, and last is South Orange County. As is true for the North and Central areas, the low-end of the South Orange County market is in better shape than the high-end.

The housing difficulties started with the low-end of the Orange County housing market and worked their way up to the high-end of the market. Likewise, when this downturn first started, the housing difficulties were more prevalent in North Orange County (an area that is generally less expensive than Central or South Orange County), and then reached Central Orange County and is currently having the biggest impact on South Orange County.

High-end Laguna Beach, the only South Orange County city that saw a decrease in the Altos index number, went deeper into a buyers’ market. And according to the Altos index numbers, the more affordably priced Aliso Viejo has the strongest housing market in South Orange County. For more on the Aliso Viejo housing market, see Jon Lansner’s post “Hardest O.C. city to find a home? Aliso Viejo!”

However, according to the Altos index numbers, all South Orange County housing markets are buyers’ markets. The bottom line is that no level or area of the Orange County housing market is being spared during this downturn.

Following are some recent Altos Research and Redfin numbers for the South Orange County housing market:

Aliso Viejo: approximate % homes on market that are detached–25%

Altos Research Market Action Index:
October 18, 2009: 22.68
September 20, 2009: 20.37
July 19, 2009: 18.09
Altos median list price for detached houses:
October 18, 2009: $595,254
Redfin median sold price:
September 2009: house–$244/SF; condo–$186/SF

Coto De Caza: approximate % homes on market that are detached–85%

Altos Research Market Action Index:
n/a
Altos median list price for detached houses:
n/a
Redfin median sold price:
n/a

Dana Point: approximate % homes on market that are detached–70%

Altos Research Market Action Index:
October 18, 2009: 14.75
September 20, 2009: 14.32
July 19, 2009: 15.68
Altos median list price:
October 18, 2009: $1,053,46
Redfin median sold price:
September 2009: house–$264/SF; condo–$493/SF

Ladera Ranch: approximate % homes on market that are detached–70%

Altos Research Market Action Index:
October 18, 2009: 19.40
September 20, 2009: 17.38
July 19, 2009: 6.20
Altos median list price for detached houses:
October 18, 2009: $834,077
Redfin median sold price
September 2009: house–n/a

Laguna Beach: approximate % homes on market that are detached–80%

Altos Research Market Action Index:
October 18, 2009: 13.39
September 20, 2009: 13.69
July 19, 2009: 11.84
Altos median list price for detached houses:
October 18, 2009: $2,281,775
Redfin median sold price
September 2009: house--$1646/SF; condo–$374/SF

Laguna Hills: approximate % homes on market that are detached–50%

Altos Research Market Action Index:
October 18, 2009: 18.69
September 20, 2009: 16.27
July 19, 2009: 13.26
Altos median list price for detached houses:
October 18, 2009: $850,712
Redfin median sold price:
September 2009: house–$405/SF; condo–$142/SF

Laguna Niguel: approximate % homes on market that are detached–60%

Altos Research Market Action Index:
October 18, 2009: 18.26
September 20, 2009: 16.69
July 19, 2009: 15.23
Altos median list price for detached houses:
October 18, 2009: $791,188
Redfin median sold price
September 2009: house–$304/SF; condo–$239/SF

Laguna Woods: approximate % homes on market that are detached–5%

Altos Research Market Action Index:
October 18, 2009: 6.48
September 20, 2009: 3.04
July 19, 2009: 6.07
Altos median list price for detached houses:
October 18, 2009: $260,054
Redfin median sold price:
September 2009: house–$244/SF; condo–$153/SF

Note: Laguna Wood is a 55+ community. HOA fees are usually at least $600; many are substantially higher than this.

Lake Forest: approximate % homes on market that are detached–60%

Altos Research Market Action Index:
October 18, 2009: 19.40
September 20, 2009: 16.95
July 19, 2009: 17.37
Altos median list price for detached houses:
October 18, 2009: $515,250
Redfin median sold price
September 2009: house–$276/SF; condo–$254/SF

Mission Viejo: approximate % homes on market that are detached–70%

Altos Research Market Action Index:
October 18, 2009: 21.04
September 20, 2009: 18.69
July 19, 2009: 16.23
Altos median list price for detached houses:
October 18, 2009: $539,279
Redfin median sold price:
September 2009: house–$302/SF; condo–$252/SF

Rancho Santa Margarita: approximate % homes on market that are detached–55%

Altos Research Market Action Index:
October 18, 2009: 18.83
September 20, 2009: 16.45
July 19, 2009: 16.64
Altos median list price for detached houses:
October 18, 2009: $546,546
Redfin median sold price:
September 2009: house–$299/SF; condo–$279/SF

San Clemente: approximate % homes on market that are detached–75%

Altos Research Market Action Index:
October 18, 2009: 16.07
September 20, 2009: 14.95
July 19, 2009: 12.67
Altos median list price for detached houses:
October 18, 2009: $869,131
Redfin median sold price
September 2009: house–$222/SF; condo–$345/SF

Note: The price per square foot for a San Clemente house is down 40% from the previous month; the condo price is down only 1%.

San Juan Capistrano: approximate % homes on market that are detached–65%

Altos Research Market Action Index:
October 18, 2009: 15.03
September 20, 2009: 13.24
July 19, 2009: 10.86
Altos median list price for detached houses:
October 18, 2009: $1,021,748
Redfin median sold price:
September 2009: house–$289/SF; condo–$124/SF

Market Report: The Central Orange County Housing Numbers–October 2009

Sylvia Walker — Wed, 21 Oct 2009 09:01:05 +0000

Summary: Once again, the markets for all Central Orange County housing are buyers’ markets. However, according to the Altos index numbers, the Central Orange County housing market is stronger than it was in September. And in general, according to the index numbers, the lower-priced home markets are stronger than the high-priced areas. For example, compare Newport Beach, Seal Beach and Villa Park Altos index numbers to the Santa Ana index number.

One more point on the Altos index numbers for Central Orange County cities: Seal Beach showed the least movement since last month, and Los Alamitos showed the biggest increase. correction made 10-21-09 sw

Following are some recent Altos Research and Redfin numbers for the Central Orange County housing market:

Costa Mesa: approximate % homes on market that are detached–70%

Altos Research Market Index Number:
October 18, 2009: 20.96
September 13, 2009: 18.97
July 12, 2009: 21.13
Altos median list price for detached house:
October 18, 2009: $570,626
Redfin median sold price:
September 2009: house–$403/SF; condo–$217/SF

Fountain Valley: approximate % homes on market that are detached–80%

Altos Research Market Index Number:
October 18, 2009: 23.86
September 13, 2009: 20.72
July 12, 2009: 26.05
Altos median list price for detached house:
October 18, 2009: $598,615
Redfin median sold price:
September 2009: house–$307/SF; condo–$304/SF

Huntington Beach: approximate % homes on market that are detached–70%

Altos Research Market Index Number:
October 18, 2009: 17.86
September 13, 2009: 16.63
July 12, 2009: 14.50
Altos median list price for detached house:
October 18, 2009: $770,762
Redfin median sold price:
September 2009: house–$344/SF; condo–$344/SF

Irvine: approximate % homes on market that are detached–45%

Altos Research Market Index Number:
October 18, 2009: 19.21
September 13, 2009: 17.18
July 12, 2009: 18.31
Altos median list price for detached house:
October 18, 2009: $863,177
Redfin median sold price:
September 2009: house–$338/SF; condo–$318/SF

Los Alamitos: approximate % homes on market that are detached–75%

Altos Research Market Index Number:
October 18, 2009: 16.83
September 13, 2009: 12.31
July 12, 2009: 11.90
Altos median list price for detached house:
October 18, 2009: $860,346
Redfin median sold price:
September 2009: house–$260/SF; condo–$275/SF

Newport Beach: approximate % homes on market that are detached–65%

Altos Research Market Index Number:
October 18, 2009: 13.61
September 13, 2009: 11.04
July 12, 2009: 11.42
Altos median list price for detached house:
October 18, 2009: $1,998,992
Redfin median sold price:
September 2009: house–$789/SF; condo–$504/SF

Orange: approximate % homes on market that are detached–85%

Altos Research Market Index Number:
October 18, 2009: 19.96
September 13, 2009: 18.15
July 12, 2009: 19.26
Altos median list price for detached house:
October 18, 2009: $552,197
Redfin median sold price:
September 2009: house–$254/SF; condo–$213/SF

Santa Ana: approximate % homes on market that are detached–65%

Altos Research Market Index Number:
October 18, 2009: 23.04
September 13, 2009: 20.40
July 12, 2009: 21.75
Altos median list price for detached house:
October 18, 2009: $339,523
Redfin median sold price:
September 2009: house–$236/SF; condo–$103/SF

Seal Beach: approximate % homes on market that are detached–25%

Altos Research Market Index Number:
October 18, 2009: 14.89
September 13, 2009: 14.24
July 12, 2009: 12.91
Altos median list price for detached house:
October 18, 2009: $980,553
Redfin median sold price:
September 2009: house–$398/SF; condo–$592/SF

Tustin: approximate % homes on market that are detached–50%

Altos Research Market Index Number:
October 18, 2009: 20.18
September 13, 2009: 17.55
July 12, 2009: 19.09
Altos median list price for detached house:
October 18, 2009: $629,922
Redfin median sold price:
September 2009: house–$372/SF; condo–$156/SF

Villa Park: approximate % homes on market that are detached–100%

Altos Research Market Index Number:
October 18, 2009: 16.09
September 13, 2009: 14.33
July 12, 2009: 8.43
Altos median list price for detached house:
October 18, 2009: $1,202,962
Redfin median sold price
September 2009: house–$376/SF; condo–n/a

Market Report: The North Orange County Housing Numbers–October 2009

Sylvia Walker — Tue, 20 Oct 2009 09:51:29 +0000

Following are some recent Altos Research and Redfin numbers for the North Orange County housing market.

Summary: In general, according to the Altos Research index numbers, the housing market is improving in North Orange County. However, the housing markets for all North Orange County cities are still buyers’ markets. Then again, Garden Grove and Stanton, which have Altos index numbers just shy of 30, are approaching a sellers’ market. As has been true for some time, the low-end of the housing market in North Orange County is doing better than the high-end.

Anaheim: Approximate % homes on market that are detached: 70%

Altos Research median list price:
October 18, 2009: $374,408
August 16,2009: $364,232
Altos Research Market Action Index:
October 18, 2009: 26.24
August 16, 2009: 22.19
July 5, 2009: 23.69
Redfin median sold price:
September 2009: house–$241/SF; condo–$217/SF

Brea: Approximate % homes on market that are detached: 90%

Altos Research median list price:
October 18, 2009: $551,288
August 16,200: $550,327
Altos Research Market Action Index:
October 18, 2009: 19.98
August 16, 2009: 16.57
July 5, 2009: 20.14
Redfin median sold price:
September 2009: house–$271/SF; condo–$207/SF

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

Altos Research median list price:
October 18, 2009: $363,731
August 16,2009: $357,945
Altos Research Market Action Index:
October 18, 2009: 26.23
August 16, 2009: 21.09
July 5, 2009: 23.32
Redfin median sold price:
September 2009: house–$266/SF; condo–$174/SF

Cypress: Approximate % homes on market that are detached: 70%

Altos Research median list price:
October 18, 2009: $532,196
August 16,200: $502,327
Altos Research Market Action Index:
October 18, 2009: 22.57
August 16, 2009: 20.12
July 5, 2009: 25.82
Redfin median sold price:
September 2009: house–$276/SF; condo–$217/SF

Fullerton: Approximate % homes on market that are detached: 80%

Altos Research median list price:
October 18, 2009: $561,908
August 16,2009: $545,955
Altos Research Market Action Index:
October 18, 2009: 21.24
August 16, 2009: 18.90
July 5, 2009: 21.41
Redfin median sold price:
September 2009: house–$248/SF; condo–$208/SF

Garden Grove: Approximate % homes on market that are detached: 80%

Altos Research median list price:
October 18, 2009: $377,958
August 16,200): $376,622
Altos Research Market Action Index:
October 18, 2009: 29.34
August 16, 2009: 26.00
July 5, 2009: 27.56
Redfin median sold price:
September 2009: house–$280/SF; condo–$214/SF

La Habra: Approximate % homes on market that are detached: 70%

Altos Research median list price:
October 18, 2009: $481,831
August 16,2009): $508,236
Altos Research Market Action Index:
October 18, 2009: 22.75
August 16, 2009: 21.56
July 5, 2009: 21.64
Redfin median sold price:
September 2009: house–$241/SF; condo–$142/SF

La Palma: Approximate % homes on market that are detached: 80%

Altos Research median list price:
October 18, 2009: $581,795
August 16,2009): $606,200
Altos Research Market Action Index:
October 18, 2009: 21.99
August 16, 2009: 18.77
July 5, 2009: 18.65
Redfin median sold price:
September 2009: n/a

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

Altos Research median list price:
October 18, 2009: $526,823
August 16,2009): $527,559
Altos Research Market Action Index:
October 18, 2009: 20.33
August 16, 2009: 18.14
July 5, 2009: 20.49
Redfin median sold price:
September 2009: house–$252/SF; condo–$126/SF

Stanton: Approximate % homes on market that are detached: 65%

Altos Research median list price:
October 18, 2009: $314,192
August 16,2009: $309,736
Altos Research Market Action Index:
October 18, 2009: 29.45
August 16, 2009: 25.48
July 5, 2009: 23.67
Redfin median sold price:
September 2009: house–$238/SF; condo–$200/SF

Westminster: Approximate % homes on market that are detached: 85%

Altos Research median list price:
October 18, 2009: $451,135
August 16,2009) $451,536
Altos Research Market Action Index:
October 18, 2009: 27.03
August 16: 23.12
July 5, 2009: 27.83
Redfin median sold price:
September 2009: house–$274/SF; condo–$202/SF

Yorba Linda: Approximate % homes on market that are detached: 80%

Altos Research median list price:
October 18, 2009: $772,069
August 16,2009: $804,377
Altos Research Market Action Index:
October 18, 2009: 17.42
August 16, 2009: 15.00
July 5 2009: 17.88
Redfin median sold price:
September 2009: house–$248/SF; condo–$260/SF

Market Watch: Costa Mesa Housing Stats and Foreclosures Numbers

Sylvia Walker — Wed, 12 Aug 2009 09:03:01 +0000

Following are some recent housing numbers, including the foreclosure numbers, for Costa Mesa that are broken down by ZIP code. These numbers, provided by Trulia, are for condo and detached homes combined.

Alto Research numbers, which are for detached homes only, currently give Costa Mesa a Market Action Index of 17.70 (30 or below is a buyers’ market). According to Redfin, approximately 70% of the Costa Mesa homes on market are detached.

Also, according to an article by Matt Padilla, the rate of foreclosures fell in both Costa Mesa ZIPs: The 92627 foreclosure rate dropped by 37 percent, and the 92626 rate dropped somewhere between 40% to 59% from the previous year. However, as the numbers below show, although the rate of foreclosures is decreasing in Costa Mesa, the number of foreclosures is still high.

92626 (South Coast Metro, Central, Mesa Verde)

Average List Price (week ending 8-05-09): $599,086 ($304 per SF)
Median Selling Price (May-July 2009): $495,000
% home that are in foreclosure: 52.6%*
(163 new and resale homes for sale, as well as 181 foreclosures**)

92627 (Eastside, Central, Southwest)

Average List Price (week ending 8-05-09): $587,880 ($376 per SF)
Median Selling Price (May-July 2009): $467,500
% home that are in foreclosure: 50.3%*
(237 new and resale homes for sale, as well as 240 foreclosures**)

*Different groups use different inputs and, therefore, come up with different percentages.

**homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process

COSTA MESA HOME SALES GRAPH COURTESY CITY-DATA.COM

Tomorrow: some Costa Mesa community data numbers

North Orange County Housing Report: Gauging the Detached Homes Market Status

Sylvia Walker — Mon, 20 Jul 2009 09:02:00 +0000

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 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 5, 2009.

Also, note that the North Orange County city with the highest-priced homes, Yorba Linda, has the least favorable market index number. And many of the North Orange County cities with the lowest-priced homes have some of the most favorable market index numbers. However, as shown by the numbers, the housing market in all of these cities is a buyers’ market.

Anaheim: