Sweet Orange

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.

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

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

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:

• Altos Research Index–23.69
• approximate % homes on market that are detached–73%

Brea:

• Altos Research Index–20.14
• approximate % homes on market that are detached–89%

Brena Park:

• Altos Research Index–23.32
• approximate % homes on market that are detached–85%

Cypress:

• Altos Research Index–25.82
• approximate % homes on market that are detached–67%

Fullerton:

• Altos Research Index–21.41
• approximate % homes on market that are detached–78%

Garden Grove:

• Altos Research Index–27.56
• approximate % homes on market that are detached–74%

La Habra:

• Altos Research Index–21.64
• approximate % homes on market that are detached–69%

La Palma:

• Altos Research Index–18.65
• approximate % homes on market that are detached–81%

Placentia:

• Altos Research Index–20.49
• approximate % homes on market that are detached–75%

Stanton:

• Altos Research Index–23.67
• approximate % homes on market that are detached–66%

Westminster:

• Altos Research Index–27.83
• approximate % homes on market that are detached–87%

Yorba Linda:

• Altos Research Index–17.88
• approximate % homes on market that are detached–79%

Related post:

• Central Orange County Housing Report: Gauging the Detached Homes Market Status
• South Orange County Housing Report: Gauging the Detached Homes Market Status