Spring homebuying dips 6% in Newport Beach, Laguna Beach, Costa Mesa: 15 facts to know

Homebuying in Newport Beach, Laguna Beach and Costa Mesa fell 6 percent this spring vs. a year ago.
“That’s what we found when we looked at Orange County house hunting patterns at the neighborhood level in 2018’s second quarter vs. the April-to-June period a year earlier.
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CoreLogic found these 15 trends in 9 ZIP codes covered by the northern edition of the Orange County Register’s The Current weekly …
1. Purchases: Home sales in this period totaled 802 vs. 856 a year ago, a decline of 6.3 percent.
2. Who’s up: Prices increased in six of the nine ZIPs as sales rose in four ZIPs.
3. Countywide: $730,000 median selling price, up 6.0 percent. Orange County sales totaled 10,256 residences, existing and new, vs. 10,767 a year ago, a decline of 4.7 percent. Prices rose in 65 out of 83 Orange County ZIPs and sales were up in 28 out of 83 ZIPs.
Here is how prices and sales moved at the community level …
4. Laguna Beach 92651: $1,725,000 median, flat in the period. Price rank in Orange County: No. 5 highest of 83. Sales of 122 vs. 120 a year ago, a gain of 1.7 percent.
5. Costa Mesa 92626: $799,000 median, up 6.4 percent. Price rank? No. 29 of 83. Sales of 112 vs. 134 a year ago, a decline of 16.4 percent.
6. Costa Mesa 92627: $875,000 median, flat in the period. Price rank? No. 22 of 83. Sales of 153 vs. 143 a year ago, a gain of 7 percent.
7. Corona del Mar 92625: $2,575,000 median, up 17.0 percent. Price rank? No. 4 of 83. Sales of 84 vs. 86 a year ago, a decline of 2.3 percent.
8. Newport Beach 92660: $1,700,000 median, up 4.3 percent. Price rank? No. 7 of 83. Sales of 129 vs. 151 a year ago, a decline of 14.6 percent.
9. Newport Beach 92661: $3,275,000 median, up 17 percent. Price rank? No. 1 of 83. Sales of 22 vs. 36 a year ago, a decline of 38.9 percent.
10. Newport Beach 92662: $2,787,500 median, up 1 percent. Price rank? No. 2 of 83. Sales of 14 vs. 9 a year ago, a gain of 55.6 percent.
11. Newport Beach 92663: $1,714,500 median, up 13.5 percent. Price rank? No. 6 of 83. Sales of 108 vs. 102 a year ago, a gain of 5.9 percent.
12. Newport Coast 92657: $2,774,000 median, down 6.0 percent. Price rank? No. 3 of 83. Sales of 58 vs. 75 a year ago, a decline of 22.7 percent.
Plus, three more countywide trends found this spring vs. a year ago. …
13. Single-family-home resales: 6,349 Orange County sales vs. 6,730 a year ago, a decline of 5.7 percent in the period. Median: $790,000 — a rise of 5.3 percent in the period.
14. Condo resales: 2,694 sales vs. 2,811 a year ago, a decline of 4.2 percent in 12 months. Median: $501,000 — a rise of 3.3 percent in a year.
15. New homes: Builders sold 1,213 residences vs. 1,226 a year ago, a decline of 1.1 percent in 12 months. Median: $948,500 — a rise of 16.2 percent in a year.ICYMI:  California critic’s ultimate critique: He moved to Pennsylvania!
Source: OC Register