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Fountain Valley homebuying drops 23%: 13 facts to know

Fountain Valley’s housing market looked mixed in the fourth quarter with prices warming but sales fell.
CoreLogic statistics for the October-to-December period compared with the same period a year earlier, show these five trends for Fountain Valley’s homebuying …
1. 94 homes sold this year vs. 122 a year ago.
2. That’s a one-year sales decline of 23 percent vs. a countywide homebuying loss of 1.3 percent.
3. Median selling price this year of $738,500 vs. $707,375 12 months earlier.
4. That’s a price gain of 4.4 percent. The countywide median was $698,000, up 5.7 percent vs. the year-ago period.
5. The Fountain Valley 92708 median ranks No. 34 priciest out of 83 Orange County ZIPs vs. No. 30 a year earlier.
See full-year 2017 CoreLogic results …
Beach ZIPs | North O.C. | South O.C. | Mid-county
From 2017’s fourth quarter, eight countywide trends to ponder:
1. At the neighborhood level, prices were up in 66 of 83 Orange County ZIP codes compared to the previous year.
2. Sales rose in 38 of 83 Orange County ZIPs.
3. Builder sales were 1,544 — up 4.2 percent from a year ago. Median selling price was $869,000 — up 0.2 percent from a year ago.
4. In the cheapest third of the county’s market — the 27 least expensive ZIPs, median of $622,500 and below — 2,540 homes sold. That’s down 0.9 percent compared to a year ago.
5. In the 27 priciest ZIPs — median of $789,050 and higher — 3,236 homes sold. That’s down 0.2 percent.
6. In the 11 Orange County ZIPs with medians above $1 million, sales totaled 720 homes, down 1.9 percent in a year. There were 10 seven-figure ZIPs a year ago.
7. In the county’s 16 beach-close ZIPs, 1,484 homes sold in the latest period, down 0.6 percent vs. a year ago.
8. As for relative bargains, there were six ZIPs with medians under $500,000 with total sales of 440 homes. A year ago, 14 ZIPs had medians under $500,000 with 1,039 sales, or a drop of 58 percent in a year.
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Source: Oc Register

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