How’s homebuying around Coto de Caza? 8 trends to ponder

How’s homebuying around Coto de Caza? 8 trends to ponder
A vineyard and equestrian estate in Coto de Caza. (Photo by Greg Rys)
A vineyard and equestrian estate in Coto de Caza. (Photo by Greg Rys)

How did the buying and selling of housing in the South County foothills ZIP 92679 — an area that includes Coto de Caza, Trabuco Canyon, Portola Hills and Wagon Wheel — fare in the year’s first months?

Looking at local residential real estate in the first quarter 2017, compared with the same period a year earlier, CoreLogic data show four trends this this ZIP …

1. 152 homes sold this year vs. 137 a year ago.

2. That’s a gain of 11 percent vs. a gain of 3.5 percent countywide.

3. Median selling price this year of $789,500 vs. $800,000 in 2016.

4. That’s a decline of 1.3 percent vs. a gain of 4.5 percent countywide.

And here are four countywide trends to ponder in the period vs. 2016:

1. By neighborhood, prices rose in 66 of 83 Orange County ZIP codes; sales rose in 50 ZIPs.

2. In the 27 least expensive ZIPs — where the highest median home price was $588,000 — 2,423 homes sold, up 5 percent. Sales rose in 70 percent of these ZIPs.

3. In the 27 priciest ZIPs — where the medians start at $742,000 — 2,630 homes sold, up 7.2 percent. Sales rose in 59 percent of these ZIPs.

4. Million-dollar ZIPs: 9 with 551 sales, up 13 percent vs. 10 million-dollar ZIPs a year ago.

04.06.2017No comments

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