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January 30, 2007

Orange County Sales & Median Prices Report for 2006

The Orange County Register recently reported on the sales and median price change in 2006 from 2005. Despite the best efforts of bubble-burst advocates and doom purveyors, the median sales price in Orange County INCREASED 5.7% over 2005's numbers. The number of homes sold DECREASED 26.9%, but I would argue that people who sell their homes are less concerned about volume than actual sales prices. Put another way, when people go shopping for apples, I think far few wonder "How many of these apples sold last year and should I buy apples now?" as opposed to "How much does this apple cost me and when can I eat it?"

In all, a 5.7% uptick in home values across the county is great news. For people that put 20% down on a property, that's effectively a 28.5% return on their dollar. Wow; not bad for the "bubble" year, huh?

Here's the numbers:

Community Zip Median Change Sales Change
Aliso Viejo92656$526,000 -1.70%1112-28.20%
Anaheim92801$559,000 12.20%440-13.70%
Anaheim92802$583,000 11.00%247-33.10%
Anaheim92804$581,000 10.60%676-29.10%
Anaheim92805$565,000 9.50%464-26.00%
Anaheim92806$623,000 7.60%264-23.70%
Anaheim92807$655,000 5.70%472-36.40%
Anaheim92808$660,000 16.80%346-37.20%
Brea92821$650,000 6.60%356-26.40%
Brea92823$760,000 -2.80%53-47.00%
Buena Park90620$580,000 9.40%430-22.80%
Buena Park90621$549,000 13.20%294-21.60%
Corona del Mar92625$1,675,000 5.80%178-25.20%
Costa Mesa92626$720,000 7.50%356-32.80%
Costa Mesa92627$702,500 4.20%454-26.80%
Cypress90630$561,000 6.70%520-12.50%
Dana Point92624$869,000 8.80%89-35.50%
Dana Point92629$840,000 8.40%399-28.60%
Foothill Ranch92610$472,000 -24.50%255-17.70%
Fountain Valley92708$700,000 5.90%480-30.10%
Fullerton92831$592,500 9.70%320-16.90%
Fullerton92832$571,000 12.00%178-21.90%
Fullerton92833$596,000 8.80%634-33.10%
Fullerton92835$700,000 4.50%289-30.70%
Garden Grove92840$590,000 10.30%489-25.30%
Garden Grove92841$594,500 8.10%267-29.70%
Garden Grove92843$540,000 8.00%341-31.10%
Garden Grove92844$479,000 6.80%237-26.90%
Garden Grove92845$608,000 3.20%192-4.50%
Huntington Beach92646$650,000 7.40%647-30.20%
Huntington Beach92647$660,000 3.10%369-28.80%
Huntington Beach92648$975,000 10.20%538-43.80%
Huntington Beach92649$680,000 -2.40%364-36.40%
Irvine92602$747,500 9.10%390-35.40%
Irvine92603$960,000 7.90%438-34.70%
Irvine92604$655,000 4.80%276-35.40%
Irvine92606$725,000 10.10%200-30.80%
Irvine92612$668,000 31.00%338-55.20%
Irvine92614$600,000 8.10%297-38.80%
Irvine92618$579,500 5.40%217-26.20%
Irvine92620$797,500 11.80%737-30.80%
Ladera Ranch92694$833,000 27.20%961-30.80%
La Habra90631$450,000 -4.10%780-7.70%
La Palma90623$640,000 0.80%105-44.40%
Laguna Beach92651$1,600,000 14.30%310-35.10%
Laguna Hills92653$620,000 13.80%414-39.10%
Laguna Niguel92677$683,750 5.20%1152-35.20%
Laguna Woods92637$320,000 -1.20%375-6.70%
Lake Forest92630$600,000 14.50%805-35.80%
Los Alamitos90720$887,000 15.20%190-21.20%
Midway City92655$560,000 12.00%69-17.90%
Mission Viejo92691$650,000 4.70%684-28.10%
Mission Viejo92692$689,000 10.70%743-32.50%
Newport Beach92660$1,334,750 -2.10%338-36.10%
Newport Beach92661$2,250,000 21.60%44-36.20%
Newport Beach92662$2,112,500 -9.30%23-36.10%
Newport Beach92663$1,225,000 24.40%260-31.60%
Newport Coast92657$2,181,500 14.50%243-44.10%
Orange92865$624,000 8.50%172-36.50%
Orange92866$650,000 6.50%100-9.10%
Orange92867$680,000 3.00%457-19.00%
Orange92868$510,000 13.00%172-23.20%
Orange92869$661,250 10.20%505-27.00%
Placentia92870$635,000 11.80%621-24.50%
Rancho Santa Margarita92688$540,000 3.80%903-38.60%
San Clemente92672$860,000 18.60%370-33.90%
San Clemente92673$970,000 9.10%654-28.50%
San Juan Capistrano92675$665,000 6.40%493-21.40%
Santa Ana92701$335,000 3.20%5287.30%
Santa Ana92703$562,500 15.40%452-21.10%
Santa Ana92704$585,000 17.00%626-37.80%
Santa Ana92705$800,000 5.30%365-29.00%
Santa Ana92706$635,000 10.20%276-28.10%
Santa Ana92707$557,500 13.80%593-21.20%
Seal Beach90740$870,000 7.20%210-0.50%
Stanton90680$435,000 5.60%276-30.80%
Trabuco/Coto92679$890,000 9.70%625-32.10%
Tustin92780$562,500 17.20%478-27.10%
Tustin92782$714,500 19.20%482-39.00%
Villa Park92861$1,216,750 -3.40%57-26.00%
Westminster92683$605,000 6.50%636-33.10%
Yorba Linda92886$825,000 6.50%684-33.40%
Yorba Linda92887$787,500 -4.10%286-35.60%
All resale houses $686,000 6.00%21,417-27.70%
All condominiums $455,000 4.80%9,399-34.00%
All new homes $697,000 -3.30%4,912-2.10%
All homes $627,000 5.70%35,728-26.90%

Here's a link to the original article on the Orange County Register's site:
http://www.ocregister.com/ocregister/money/housing/article_1549528.php

Posted by JesseBee at 08:57 PM | | Comments (0) | TrackBacks (0)

January 03, 2007

California Remains the Most Populous State

"The population of the U.S. grew by 2.9 million people between July 1, 2005, and July 1, 2006, according to a recent report by the U.S. Census Bureau. More than 299 million people reside in the nation, and the five most populous states, led by California with 36.5 million residents, account for 37 percent of the country's population. Regionally, the West comprises 23 percent of the nation's total population.


Five of the 10 fastest-growing states between 2005 and 2006 are in the West, including Arizona, Nevada, Idaho, Utah, and Colorado. With a growth rate of 3.6 percent, Arizona became the nation's fastest-growing state, a title previously held by Nevada for 19 consecutive years."

From December 27, 2006 C.A.R. Newsline

Reprinted with permission of the CALIFORNIA ASSOCIATION OF REALTORS(R)

California still the most populous, eh? Like we didn't know that already. That data-hound probably didn't even count heads - he just tried to drive from LA to San Diego in under a day. The real question is, of course, how big will we be in ten years? How big in thirty years?

In case you haven't noticed, the spaces are filling in here, and you can conveniently stop at a Starbucks in four-mile intervals from Santa Barbara to Tia Juana. What does that do to our quality of life? What does that do to real estate prices in the near future? How about in the distant future?

I'm curious what futurists think. If you know any, key me in.

More info is availabe at the U.S. Census Bureau's website.

Posted by JesseBee at 07:53 PM | | Comments (0) | TrackBacks (0)