Homebuying in Tustin in 2017’s first three months could not keep pace with the countywide sales pace.
How did the local residential real estate market start the year? Using CoreLogic data, we compared homebuying patterns from January to March from this year and 2016.
Sales in Tustin rose as 238 residences sold in the past 12 months vs. 215 a year ago.
That’s a gain of 11 percent vs. a 3.5 percent gain countywide.
Neighborhood trends in Tustin from the report:
Tustin ZIP code 92780 — 113 homes sold in the latest period vs. 100 one year ago. That’s a sales gain of 13 percent. Median selling price of $537,500 vs. $ 482,500 last year, a gain of 11.4 percent.
Tustin ZIP 92782 — 125 homes sold in the latest period vs. 115 one year ago. That’s a sales gain of 8.7 percent. Median of $755,000 vs. $ 740,000 last year, a gain of 2 percent.
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.