In 2017’s first six months, the housing market in the South County foothills ZIP code 92679 looked strong.
CoreLogic statistics for the first half of 2017, compared with the same period a year earlier, show these trends for the area that stretches from Portola Hills through Trabuco Canyon and Coto de Caza to Wagon Wheel …
1. 83 homes sold this year vs. 48 a year ago.
2. That’s a sales gain of 73 percent vs. a homebuying gain of 2.2 percent countywide.
3. Median selling price this year of $1,004,500 vs. $816,250 in 2016.
4. That’s a price gain of 23.1 percent. Countywide median was $675,000, up 3.1 percent vs. first-half 2016.
Here are six countywide trends to ponder, first half 2017 vs. first half 2016 …
1. Prices rose in 70 of 83 Orange County ZIPs. Sales rose in 50 of the 83.
2. In the 27 least expensive ZIPs — median price at $597,500 and below -– 5,258 homes sold. That’s up 0.8 percent.
3. In the 27 priciest ZIPs — median price of $755,000-plus -– 6,431 homes sold. That’s up 5.7 percent.
4. In nine ZIPs with medians above $1 million, sales totaled 1,256 homes, up 7.8 percent.
5. In 16 beach-close ZIPs, 3,158 homes sold, up 3.27 percent.
6. There were 10 ZIPs with median prices under $500,000 with total sales of 1,799 homes. A year ago, 18 ZIPs had medians under $500,000 with 2,793 sales.
DID YOU SEE? It’s been 10 years since Orange County’s housing bubble … or … Half of us rent: L.A.-Orange County homeownership rate 2nd lowest in U.S.