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Beach towns suffer deepest O.C. home-price dips

July 22, 2009

“Analysis of MDA DataQuick’s June report shows Orange County’s beach-close communities — the priciest of four geographic slices of the county — suffered the biggest price drops last month. Curiously, that resulted in only an roughly average gain in homebuying …

  • DataQuick identified 504 homes selling in beach cities’ ZIP codes last month, +16% from a year ago. Median selling price? $676,000 in these 17 ZIPs. Last month’s median price change was -19.3% vs. a year ago.
  • South inland ZIPs — median selling price $483,000 – had 788 sales, +23% from a year ago. In these 19 ZIPs, last month’s median price change was -7.3% vs. a year ago.
  • North inland ZIPs — median selling price $461,250 – had 698 sales, +11% from a year ago. In these 23 ZIPs, last month’s median price change was -10.3% vs. a year ago.
  • Mid-county ZIPs — median selling price $343,750 – had 908 sales, +33% from a year ago. In these 24 ZIPs, last month’s median price change was -13.9% vs. a year ago.
  • All told, countywide sales were +17% vs. a year ago. The median selling price ($418,000) was -11% in the past year.”

July 21st, 2009 by Jon Lansner

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