Homebuying spree hits all corners of O.C.

May 7th, 2012,  

 OC Register

Orange County springtime homebuying spree is a widespread trend with all four geographic slices of the county enjoying double-digit sales growth.

That’s what we found our studying how housing trends hit various corners of Orange County. For the 22 business days ending April 17 — freshest numbers from DataQuick — our region-by-region analysis of local real estate trends finds Orange County homebuying slicing up by geography this way …

  • North Inland: 668 homes sold in these Orange County ZIP codes in this most recent period, +15.0% from a year ago. Median selling price? $435,000 in these 22 ZIPs. This most recent median price change was -6.4% in a year. North Inland accounted for 28% of recent home sales vs. 27% a year ago.
  • Mid-County: These ZIPs — median selling price $336,750 — had 792 sales, +17.0% from a year ago. In these 25 ZIPs, the median price change was -5.1% in a year. Mid-County accounted for 23% of recent home sales vs. 23% a year ago.
  • Beach Towns: 578 homes sold in these ZIP codes in the most recent period, +20.2% from a year ago. This was largest year-to-year gain among the four regions. Median selling price? $710,000 in these 17 ZIPs. Median price change was +1.7% in a year. Beach Towns accounted for 20% of recent home sales vs. 19% a year ago.
  • South Inland: These ZIPs — median selling price $458,500 — had 831 sales, +10.7% from a year ago. This was smallest year-to-year gain among the four regions. In these 19 ZIPs, median price change was -4.8% in a year. South Inland accounted for 29% of recent home sales vs. 30% a year ago.

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