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 »
- California home prices now 18% off all-time high
- A 1980s poker game launched Silicon Valley Bank — and it ended 42 years later with a very bad hand
- California homeownership hits 11-year high but still nation’s 3rd lowest
- How many bank failures the U.S. has had in recent years might surprise you
- Redlands digital design/development firm snags major clients
More from NewsMore posts in News »
- Trump indictment would be unprecedented moment in US history
- Spider wars: Black widows are being killed off by non-native brown widows
- DA’s Office should not handle case against man accused of massive Holy fire, lawyer says
- California home prices now 18% off all-time high
- A 1980s poker game launched Silicon Valley Bank — and it ended 42 years later with a very bad hand
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 »
- DA’s Office should not handle case against man accused of massive Holy fire, lawyer says
- California home prices now 18% off all-time high
- A 1980s poker game launched Silicon Valley Bank — and it ended 42 years later with a very bad hand
- Trump’s call for protests ahead of anticipated indictment gets muted reaction by supporters
- Ladies first: 10 women who paved the way in Orange County politics
Be First to Comment