Homebuying in Aliso Viejo, Dana Point, Laguna Niguel and San Clemente fell 13.4% in what was Orange County’s slowest nine months of home purchases since 2012.
For nine consecutive months through April, CoreLogic housing stats show countywide sales failing to top the year-ago period. We wanted to see how these lethargic sales trends played out at the neighborhood level knowing that homebuying declined in roughly eight of nine local ZIP codes.
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CoreLogic found these 12 trends in six ZIP codes covered by The Current, the weekly south county edition of the Orange County Register …
1. Purchases: Home sales in these nine months totaled 2,284 vs. 2,638 a year earlier, a decline of 13.4% in the period.
2. Who’s up: Prices increased in two of the six ZIPs as sales rose in none of these south county ZIPs.
3. Countywide: $720,000 median selling price, flat in the period. Orange County sales totaled 22,872 residences, existing and new, vs. 27,289 a year earlier, a decline of 16.2% in a year. Prices rose in 43 out of 83 Orange County ZIPs and sales were up in 9 out of 83 ZIPs.
Here is how prices and sales moved in Aliso Viejo, Dana Point, Laguna Niguel and San Clemente …
4. Aliso Viejo 92656: $578,750 median, flat in the period. Price rank in Orange County: No. 65 highest of 83. Sales of 488 vs. 600 a year earlier, a decline of 18.7% in a year.
5. Dana Point 92624: $881,250 median, up 0.4% in a year. Price rank? No. 21 of 83. Sales of 63 vs. 79 a year earlier, a decline of 20.3% in a year.
6. Dana Point 92629: $900,000 median, down 10.9% in a year. Price rank? No. 17 of 83. Sales of 344 vs. 391 a year earlier, a decline of 12.0% in a year.
7. Laguna Niguel 92677: $791,750 median, down 1.6% in a year. Price rank? No. 28 of 83. Sales of 688 vs. 798 a year earlier, a decline of 13.8% in a year.
8. San Clemente 92672: $1,025,000 median, up 7.3% in a year. Price rank? No. 11 of 83. Sales of 380 vs. 401 a year earlier, a decline of 5.2% in a year.
9. San Clemente 92673: $895,000 median, down 6.8% in a year. Price rank? No. 19 of 83. Sales of 321 vs. 369 a year earlier, a decline of 13.0% in a year.
Plus, three more countywide trends found in nine months ended in April vs. the same period one year earlier …
10. Single-family home resales: 13,720 Orange County sales vs. 16,058 a year earlier, a decline of 14.6% in the period. Median: $767,000 — a dip of 1.0% in the period.
11. Condo resales: 6,038 sales vs. 7,218 a year earlier, a decline of 16.3% in 12 months. Median: $500,000 — unchanged in the timeframe.
12. New homes: Builders sold 3,114 residences vs. 4,013 a year earlier, a decline of 22.4% in 12 months. Median: $981,500 — a rise of 7.3% in a year.
