Orange County Real Estate Market Trends & Data
For the longest time, I've needed at-a-glance market stats about the areas I serve... just a few generalities I can use to share with my clients... last month, my wish was granted when I contracted with a company to provide me with daily reports that span the past year for each of the cities I represent. The reports/charts detail four market factors - "Median Price", "Days on Market", "Number of Listings" & "Price Per Square Foot" - all of which are excellent determinants of market conditions.
For home sellers, the data can give them insight into market conditions in their areas right now. Of course, every home needs to be evaluated individually, but there is some benefit in seeing what an area's price-per-square-foot is in helping a home seller determine their home's value.
For home buyers, the data gives them the ability to measure the homes they are looking at against what the trends suggest in a broad sense... if a 2,000 square foot home in Irvine is priced at $750,000 and today's price-per-square-foot in Irvine is $425, that would suggest that the $725,000 home is $100,000 under what the general conditions for the city are {[($425 x 2,000 = $825,000) - $725,000] = $100,000}. Now, it is never this easy, nor will it ever be, to determine a home's real value, but it does give some sense of a base value for an area and can be used as a general guide when shopping.
At this point, I'm publishing data at the city level, but am driving at getting data at the zip-code level for greater refinement. Here's what I've got so far:
Real Estate Market Data for Aliso Viejo, California
Real Estate Market Data for Corona del Mar, California
Real Estate Market Data for Costa Mesa, California
Real Estate Market Data for Irvine, California
Real Estate Market Data for Ladera Ranch, California
Real Estate Market Data for Laguna Beach, California
Real Estate Market Data for Laguna Hills, California
Real Estate Market Data for Laguna Niguel, California
Real Estate Market Data for Mission Viejo, California
Real Estate Market Data for Newport Beach, California
Real Estate Market Data for Newport Coast, California
Real Estate Market Data for Orange, California
Real Estate Market Data for Rancho Santa Margarita, California
Real Estate Market Data for San Clemente, California
Real Estate Market Data for San Juan Capistrano, California
Real Estate Market Data for Tustin, California
Example Median Price Chart for Irvine, CA
Market Update Example for Irvine
(You'll need the Flash player to see this)
If you can't see that FlashPaper version of the "Market Report", here is an Adobe Acrobat version of the same report - Example Irvine Market Report
At this point, I'm not publishing the Market Reports on my site; they are too big...However, I am sending them to my client base, so if you want to receive one or two reports, just email me and I'll set you up to automatically get them in your inbox!