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Los Alamitos homebuying dips 5% as sellers don’t budge on prices

Los Alamitos’s housing market looked struggling in the fourth quarter: Prices flat as sales fell.
CoreLogic statistics for the October-to-December period compared with the same period a year earlier, show these five trends for Los Alamitos’s homebuying …
1. 53 homes sold in the latest period vs. 56 a year earlier.
2. That’s a one-year sales decline of 5.4 percent vs. a countywide homebuying loss of 1.3 percent.
3. Median selling price in the latest period of $890,000, same as 12 months earlier.
4. Flat pricing compares to the countywide median at $698,000, up 5.7 percent in a year.
5. The Los Alamitos 90720 median ranks No. 18 priciest out of 83 Orange County ZIPs vs. No. 13 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 earlier. Median selling price was $869,000 — up 0.2 percent from a year earlier.
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 earlier.
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 earlier.
7. In the county’s 16 beach-close ZIPs, 1,484 homes sold in the latest period, down 0.6 percent vs. a year earlier.
8. As for relative bargains, there were six ZIPs with medians under $500,000 with total sales of 440 homes. a year earlier, 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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