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South Orange County Home Buying up 11% in 2010

For 2010, the region-by-region analysis of DataQuick’s local real estate trends finds Orange County homebuying slicing up by geography this way …

  • South inland ZIPs — median selling price $510,500 – had 8,975 sales, +11% from a year ago. That’s the biggest gain among the four slice of the county we watch. In these 19 ZIPs, median price change was +2.5% vs. a year ago.
  • 5,191 homes sold in beach cities’ 17 ZIP codes in the most recent period, +5% from a year ago. Median selling price? $689,000 in these 17 ZIPs. Median price change was +3.2% vs. a year ago.
  • There were 7,161 homes sold in Orange County’s north-inland ZIP codes in this most recent period, -2% from a year ago. Median selling price? $450,000 in these 22 ZIPs. This most recent median price change was +2.5% vs. a year ago.
  • Mid-county ZIPs — median selling price $355,000 – had 8,794 sales, -16% from a year ago. In these 25 ZIPs, the median price change was +4.7% vs. a year ago.
  • Combined, total homes sales in ZIPs in the north and mid-section of Orange County were -10.6% vs. a year ago as homebuying the rest of the county ran +8.5% vs. 12 months earlier.
  • North/mid-county homes accounted for 53% of residences sold in the most recent period vs. 58% a year ago.
  • All told, countywide sales were -1% vs. a year ago. The median selling price was +5% in the past year.

information courtesy of ocregister.com

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