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.
In case you missed it …
Los Angeles-Orange County homeownership at 9-year high, but 4th lowest in U.S.
California migration: Come for jobs, leave to retire
Southern California’s job growth only boosts its unaffordability
Source: Oc Register
Fountain Valley homebuying drops 23%: 13 facts to know
More from BusinessMore posts in Business »
- HOA Homefront: Rules on changing the rules
- No rent hike for half of California in past year, Census says
- California renters could save $112,000 vs. owning over 5 years
- CVS and Rite Aid limiting purchases of emergency contraception
- As inflation soars, Black Americans bear the brunt of rising grocery, gas and housing prices
More from NewsMore posts in News »
- Jury gets case of driver in Halloween crash that killed Long Beach family of 3
- Man convicted of crash that killed 2 in Anaheim
- Accounts of Trump demanding to go to the Capitol were known
- Stock report: Pac-12 survival, options for Oregon and UW, the Big 12 as hunter, Scott’s legacy and more
- HOA Homefront: Rules on changing the rules
More from Orange County NewsMore posts in Orange County News »
More from Real EstateMore posts in Real Estate »
- Bubble watch: California doubles housing demands to 2.5 million by 2030
- First-time homebuyers faced headwinds again in Q4
- Orange County home prices hit record $950,000, up $201,500 in pandemic era
- Will Inland Empire’s soaring industrial prices force businesses out of California?
- Selling your home? This broker tells you which mistakes to avoid
More from Top Stories OCRMore posts in Top Stories OCR »
Be First to Comment