Orange County’s cheapest housing is in what Santa Ana ZIP code?
Even though Santa Ana is home to some of Orange County’s most-affordable housing, sales in the city fell 7 percent in May vs. a year earlier.
May is traditionally a strong sales months for Orange County, as the prime spring selling season hits full stride. We decided to see how neighborhood housing markets fared.
ICYMI: O.C. housing’s rebound from the crash
CoreLogic found these 12 trends in 6 ZIP codes covered by Santa Ana …
1. Purchases: Home sales in this period totaled 183 vs. 197 a year ago, a decline of 7.1 percent.
2. Who’s up: Prices increased in 5 of the 6 ZIPs as sales rose in 4 ZIPs.
3. Countywide: $738,500 median selling price, up 6.3 percent. Orange County sales totaled 3,519 residences, existing and new, vs. 3,666 a year ago, a decline of 4 percent. Prices rose in 57 out of 83 Orange County ZIPs and sales were up in 33 out of 83 ZIPs.
Here is how prices and sales moved at the community level …
4. Santa Ana 92701: $284,500 median, down 18.7 percent. Price rank? Cheapest of 83 Orange County ZIPs. Sales of 20 vs. 27 a year ago, a decline of 25.9 percent.
5. Santa Ana 92703: $502,500 median, up 0.5 percent. Price rank? 75th of 83 Orange County ZIPs. Sales of 39 vs. 31 a year ago, up 25.8 percent.
6. Santa Ana 92704: $530,455 median, up 2.5 percent. Price rank? 72nd of 83 Orange County ZIPs. Sales of 36 vs. 43 a year ago, a decline of 16.3 percent.
7. Santa Ana 92705: $780,000 median, down 15.2 percent. Price rank? 32nd of 83 Orange County ZIPs. Sales of 38 vs. 47 a year ago, a decline of 19.1 percent.
8. Santa Ana 92706: $700,909 median, up 5.4 percent. Price rank? 46th of 83 Orange County ZIPs. Sales of 21 vs. 26 a year ago, a decline of 19.2 percent.
9. Santa Ana 92707: $350,000 median, down 23.9 percent. Price rank? 81st of 83 Orange County ZIPs. Sales of 29 vs. 23 a year ago, up 26.1 percent.
Plus, three more countywide trends found in May vs. a year earlier …
10. Single-family-home resales: 2,169 Orange County sales vs. 2,335 a year ago, a decline of 7.1 percent in the period. Median: $800,000 — a rise of 5.7 percent in the period.
11. Condo resales: 933 sales vs. 965 a year ago, a decline of 3.3 percent in 12 months. Median: $502,000 — a rise of 1.9 percent in a year.
12. New homes: Builders sold 417 residences vs. 365 a year ago, a gain of 14.2 percent in a year. Median: $978,750 — a rise of 17.2 percent in a year.
Have you checked out Bubble Watch …
Bubble Watch: Are house hunters shying from newly built homes?
Bubble Watch: Is California’s anti-business vibe killing the state’s economy?
Bubble Watch: Home-equity loans back at pre-recession levels