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

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