Buena Park homebuying goes flat in the summer

Homebuying in Buena Park in the third quarter could not keep pace with countywide sales activity.

Using CoreLogic data, we compared sales patterns for all residences in the July-to-September period vs. a year ago. Sales in Buena Park rose as 209 residences sold, same as a year ago. Sales increased 2.2 percent countywide.

Neighborhood trends in Buena Park for the summer quarter from CoreLogic’s report:

Buena Park ZIP code 90620 — 133 homes sold vs. 115 a year ago. That’s a sales gain of 15.7 percent. Median selling price of $572,500 vs. $535,047 last year, a gain of 7.0 percent. That median ranked No. 63 highest out of 83 Orange County ZIPs.

Buena Park ZIP 90621 — 76 homes sold vs. 94 a year ago. That’s a sales loss of 19.1 percent. Median of $537,500 vs. $469,843 last year, a gain of 14.4 percent. That median ranked No. 69 highest out of 83.

Eight countywide trends from the summer quarter vs. 2016:

1. Prices were up in 75 of 83 Orange County ZIP codes compared to the previous year.

2. Sales rose in 38 of 83 ZIPs vs. year-ago period.

3. Builder sales were up 16.7 percent from a year ago.

4. In the 27 least expensive ZIP codes — median sales price at $610,000 and below — sales fell 1.9 percent compared to a year ago.

5. In the 27 priciest ZIPs — median sales price beginning at $775,000 and higher — sales rose 10.7 percent vs. a year ago.

6. In the nine Orange County ZIP codes with median above $1 million, sales totaled 693 homes, up 3.27 percent vs. a year ago.

7. In the county’s 16 beach-close ZIP codes, sales rose 7 percent vs. a year ago.

8. Seven ZIPs with median prices under $500,000 had total sales of 553 homes. A year ago, 11 ZIPs had medians under $500,000 with 967 sales. That’s a drop of 43 percent in a year.

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