Sweet Orange

Last week, I posted the price per square foot numbers for Costa’s Mesa’s 92626 and 92627 ZIPs. For comparison, here are the price per square foot numbers for Costa Mesa as a whole and Orange County as a whole.

February 2010 median price per square foot numbers for all Costa Mesa:

• House–$345 (up 13.7% from February 2009)
• Condo–$243 (up 39.7% from February 2009)
• Both (House + condo)–$304 (up 8.4% from February 2009)

Graphs: Price/SF Costa Mesa houses, Price/SF Costa Mesa condos–February 2010

February 2010 median price per square foot numbers for all Orange County:

• House–$283 (up 4.8% from February 2009)
• Condo–$234 (up 7.8% from February 2009)
• Both (House + condo)–$270 (up 4.7% from February 2009)

Graphs: Price/SF Orange County houses, Price/SF Orange County condos–February 2010

Source:  Redfin

An Eastside Costa Mesa Building

I my previous post I stated that the median price per square foot numbers often give a more accurate picture of the housing market in an area than the overall median price of housing in that area does. I also gave the price per square foot numbers for Costa Mesa’s 92626 ZIP (South Coast Metro, Mesa Verde, and part of Central Costa Mesa).

As a continuation of that thought, here are the recent price per square numbers for Costa Mesa’s other ZIP, 92627. The 92627 ZIP includes Eastside, Southwest and part of Central Costa Mesa.

House

• February 2010–$451 (up 40.5% from February 2009)
• January 2010–$346 (up 0.7 from January 2009)

Condo

• February 2010–$260 (up 16.6% from February 2009)
• January 2010–$275 (down 10.1 from January 2009)

Both (houses + condos)

• February 2010–$333 (up 7.8% from February 2009)
• January 2010–$312 (down 2.4 from January 2009)

Source:  Redfin

Up next: For a little comparison, I will give the price per square foot numbers for all Costa Mesa and all Orange County.

Photo Courtesy livingcostamesa.com

The Performing Arts Center in Costa Mesa's South Coast Metro Area

The median price per square foot of homes in an area is often a better indication of whether housing prices are increasing or decreasing in that area than is the increase or decrease of the overall median price in that area.

With that in mind, here are recent median price per square numbers for Costa Mesa’s 92626. The 92626 ZIP includes South Coast Metro, Mesa Verde, and part of Central Costa Mesa.

House

• February 2010–$309 (up 8.0% from February 2009)
• January 2010–$310 (up 1.6 from January 2009)

Condo

• February 2010–$244 (up 63.4% from February 2009)
• January 2010–$242 (down 4.7%  from January 2009)

Both (House + condo)

• February 2010–$305 (up 12.5% from February 2009)
• January 2010–$275 (down 2.1%  from January 2009)

Up next: Eventually I will get to some numbers for Irvine, but up next are numbers for Costa Mesa’s 92627 ZIP: Eastside, Southwest, and part of Central Costa Mesa.

Source: Redfin

Yesterday’s post was about the current Anaaheim housing numbers, including a breakdown by ZIP. Following is a closer look at how housing prices have changed over time in one of these ZIPs, Anaheim’s 92804. (This is also the ZIP that contains the Palais Road home that I highlighted last week, “Anaheim Short Sale Showing Badly.”)

According to Trulia , the median price for all homes, detached houses and condos, in Anaheim’s 92804 ZIP was as follows:

• May to July 2009–$303,592
• The previous three months–$297,833
• One year ago–$357,000
• Five years ago–$453,750.

And according to Trulia, 75% of Anaheim homes are distressed.*

According to Redin, the July 2009 median sales price in the 92804 ZIP was as follows:

• detached houses–$240 per square foot
• condos–$147 per square foot

And according to Redfin, 23.1% of Anaheim’s 92804  homes have price reducitons.**

*Defined as homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. Different groups use different inputs and, therefore, come up with different percentages. In this case the foreclosures are not necessilarly on the market yet (and may not end up on the market).

**Based on homes sold or taken off the market between May 26, 2009 and August 24, 2009.