Sweet Orange

Following are some recent Altos Research and Redfin numbers for the South Orange County homes priced over $1,000,000. You can pick out the city of interest to you and see what is happening in that market. You can also do some compare and contrast.

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

• Altos Research Market Action Index:
  December 13 2009: 13.54
  October 18, 2009: 13.39
  September 20, 2009: 13.69
  July 19, 2009: 11.84
• Altos median list price for detached houses:
  December 13 2009: $2,284,654
  October 18, 2009: $2,281,775
• Redfin median sold price
  November 2009: house--$1210/SF; condo–$307/SF
  September 2009: house–$1646/SF; condo–$374/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:
  November 2009: house–$295/SF; condo–$277/SF
  September 2009: n/a

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

• Altos Research Market Action Index:
  December 13 2009: 13.85
  October 18, 2009: 14.75
  September 20, 2009: 14.32
  July 19, 2009: 15.68
• Altos median list price:
  December 13 2009: $1,061,681
  October 18, 2009: $1,053,46
• Redfin median sold price:
  November 2009: house–$382/SF; condo–$294/SF
  September 2009: house–$264/SF; condo–$493/SF

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

• Altos Research Market Action Index:
  December 13, 2009: 17.33
  October 18, 2009: 15.03
  September 20, 2009: 13.24
  July 19, 2009: 10.86
• Altos median list price for detached houses:
  December 13, 2009: $930,474
  October 18, 2009: $1,021,748
• Redfin median sold price:
  November 2009: house–$281/SF; condo–$217/SF
  September 2009: house–$289/SF; condo–$124/SF

Following are some recent Altos Research and Redfin numbers for the South Orange County homes prices between $700,000 to $1,000,000. You can pick out the city of interest to you and see what is happening in that market. You can also do some compare and contrast with other cities.

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

Altos Research Market Action Index:

• December 13 2009:18.09
• October 18, 2009: 18.26
• September 20, 2009: 16.69
• July 19, 2009: 15.23

Altos median list price for detached houses:

• December 13 2009: $778,046
• October 18, 2009: $791,188

Redfin median sold price

• November 2009: house–$320/SF; condo–$240/SF
• September 2009: house–$304/SF; condo–$239/SF

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

Altos Research Market Action Index:

• December 13 2009: 18.26
• October 18, 2009: 19.40
• September 20, 2009: 17.38
• July 19, 2009: 6.20
• December 13 2009: $822,396
• October 18, 2009: $834,077

Altos median list price for detached houses:

• December 13 2009: $822,396
• October 18, 2009: $834,077

Redfin median sold price

• November 2009: house–$264/SF; condo–$236/SF
• September 2009: house–n/a

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

Altos Research Market Action Index:

• December 13 2009: 17.64
• October 18, 2009: 18.69
• September 20, 2009: 16.27
• July 19, 2009: 13.26

Altos median list price for detached houses:

• December 13 2009: $828,596
• October 18, 2009: $850,712

Redfin median sold price:

• November 2009: house–$312/SF; condo–$187/SF
• September 2009: house–$405/SF; condo–$142/SF

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

Altos Research Market Action Index:

• December 13 2009: 15.17
• October 18, 2009: 16.07
• September 20, 2009: 14.95
• July 19, 2009: 12.67

Altos median list price for detached houses:

• December 13 2009: $853,894
• October 18, 2009: $869,131

Redfin median sold price

• November 2009: house–$281/SF; condo–$282/SF
• September 2009: house–$222/SF; condo–$345/SF

Up next: South Orange County housing numbers for homes over  $1,000,000

In yesterday’s post, we looked at some foreclosed homes in North Orange County. Today, we’ll take a look at some foreclosure numbers for South Orange County.

All the following information is from Foreclosed Homes, not the MSL.

25012 Pine Flat Circle, Lake Forest, CA 92630:1977 single-family home with an estimated value of $653,606

• Sold on August 10, 2009 for $792,983 (trustee sale), listed on November 30, 2009 (Public Records)–approximately 4 months since unsuccessful foreclosure auction
• Days on Market (listing date to current date)*: 3

33202 Ocean Bright #10, Dana Point, CA 92629: 1982 condo with an estimated value of $364,854

• Sold on July 17, 2009 for $337,050 (trustee sale), listed on October 3, 2009 (Public Records)–approximately 2.5 months since unsuccessful foreclosure auction
• Days on Market (listing date to current date)*: 61

1 Victoria Lane, Coto De Caza, CA 92679: single-family home with an estimated value of $1,161,136

• Sold on September 16, 2009 for $1,119,539 (trustee sale), listed on October 22, 2009 (Public Records)–approximately 1 month since unsuccessful foreclosure auction
• Days on Market (listing date to current date)*: 43

22882 Tamora Drive, Laguna Niguel, CA 92677: single-family home with an estimated value of $571,151

• Sold on February 1, 2007 for $580,000 (I am assuming this is the trustee auction date.), then delisted on the same day, not listed again until November 28, 2009. (Public Records)
• Days on Market (listing date to current date)*: 5

Click on Redfin’s map of foreclosed homes to see other Orange County homes that have been through a foreclosure auction that resulted in the home being returned to the bank.

*As the name implies, Days on Market is the number of days that the home has been on the market. This number is determined by adding up the number of days that exist between the date that the home was listed to the current date, which in this case is December 3, 2009.

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 homes only (condos are not included). For this reason, I have included numbers that show the percentage of home on the market in each city that are detached.

To see which homes are currently on the market as well as which homes have sold recently, click on the city name. To see additional Altos Research numbers for each city (listing price, price per square foot, etc.), click on the index number for each city.

Aliso Viejo: approximate % homes on market that are detached–26%

• September 20, 2009: 20.37
• July 19, 2009:  18.09

Coto De Caza: approximate % homes on market that are detached–87%

n/a

Dana Point: approximate % homes on market that are detached–69%

• September 20, 2009: 14.32
  
• July 19, 2009: 15.68

Ladera Ranch: approximate % homes on market that are detached–69%

• September 20, 2009: 17.38
  
• July 19, 2009: 6.20

Laguna Beach: approximate % homes on market that are detached–82%

• September 20, 2009: 13.69
  
• July 19, 2009: 11.84

Laguna Hills: approximate % homes on market that are detached–48%

• September 20, 2009: 16.27
  
• July 19, 2009: 13.26

Laguna Niguel: approximate % homes on market that are detached–62%

• September 20, 2009: 16.69
  
• July 19, 2009: 15.23

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

• September 20, 2009: 3.04
  
• July 19, 2009: 6.07

Lake Forest: approximate % homes on market that are detached–61%

• September 20, 2009: 16.95
  
• July 19, 2009: 17.37

Mission Viejo: approximate % homes on market that are detached–68%

• September 20, 2009: 18.69
  
• July 19, 2009: 16.23

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

• September 20, 2009: 16.45
  
• July 19, 2009: 16.64

San Clemente: approximate % homes on market that are detached–76%

• September 20, 2009: 14.95
  
• July 19, 2009: 12.67

San Juan Capistrano: approximate % homes on market that are detached–68%

• September 20, 2009: 13.24
  
• July 19, 2009: 10.86

Summary: According to the index numbers, all South Orange County markets for detached houses are buyers’ markets. In general, the health of the Central Orange County housing market has increased since July 19th; however, the index number still show South Orange County housing is in a weaker position than the North or Central areas.

The hard-hit area of Ladera Ranch saw the biggest improvement. The detached houses in the  55+ community of Laguna Woods is the weakest housing market in South Orange County. But only about 5% of these homes are detached, so this number is not that telling.