Orange County Real Estate Marketing Report, Market Data based on Price Per Square Foot for 2006 vs. 2007 – County by County Comparison – Desert Areas (Palm Springs, etc…) Cities included Aliso Viejo, Anaheim, Anaheim Hills, Brea, Buena Park, Corona del Mar, Costa Mesa, Coto de Caza, Cypress, Dana Point, Fountain Valley, Garden Grove, Huntington Beach, Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, La Habra, Lake Forest, La Palma, Los Alamitos, Mission Viejo, Newport Beach, Newport Coast, Orange, Placentia, Rancho Santa Margarita, Rossmoor, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster & Yorba Linda.

This has turned out to be a very exciting report this month.  I was curious to see what the “real” numbers were because running them month to month doesn’t give you the big picture of the market. Although I love roller coasters, I don’t care for those rides in business. 

My source for these numbers is a program called Market Trends, and it is an exclusive program courtesy of Bankers Funding & First Team Real Estate. The program pools this information from the various MLS’s in these areas and the information is as fresh as it gets as the information is updated nightly, unlike other popular programs.

County by County Comparison

What’s going on with other counties and how are they holding up compared to each other?  These numbers are based on every property reported to the MLS as SOLD and their price per square foot averaged over the entire year. (2006-2007)  The number in the right hand column is the “absorbtion rate”.  (How many months it would take to deplete the inventory supply if no new homes came on the market.)

Desert Area’s                     down 6%                   $319 - $300          18.2

San Diego County               down 5%                   $521 - $492          9.9

San Bernadino County         down 12%                 $269 - $237          16.7

Riverside County                 down 6%                   $314 - $296          17.6

Los Angeles County             down 2.5%                $435 - $424          12.7

Orange County                  increased 1.5%       $532 - $540         8.7

***Every County has its own plethora of markets within its boundaries. Just like every area in Southern California has its own micro-climates, real estate is extremely local! So, since Orange County is my zone in this wonderful Golden State, I have broken these same numbers down by cities within Orange County. ***

Aliso Viejo                     down 7.8%                $396 - $365          4.9

Anaheim                        down 17%                 $378 - $313          12.8

Anaheim Hills                 down 7%                    $372 - $345          5.9

Brea                             down 8%                    $373 - $343          8.0

Buena Park                    down 6%                    $377 - $354          10.0

Corona del Mar              down 0.7%                  $958 - $951          9.5

Costa Mesa                   down 8%                     $473 - $437          9.2

Coto de Caza                down 6%                     $397 - $373          9.5

Cypress                        down 6%                     $376 - $353          5.4

*Dana Point                 increased 2%             $571 - $583        10.4

Fountain Valley              down 6%                      $381 - $357          5.4

Garden Grove                down 8%                      $383 - $353          10.2

Huntington Beach          down 4%                       $495 - $472          6.6

Irvine                           down 3%                        $454 - $439          6.5

*Laguna Beach           increased 2%                $987 - $1010       12.5

Laguna Hills                  down 7%                         $400 - $372          8.9

Laguna Niguel               down 6%                         $437 - $409          7.6

Laguna Woods             down 7%                          $285 - $265          6.2

La Habra                      down  7%                         $372 - $344          11.1

Lake Forest                  down 10%                        $394 - $355          8.1

La Palma                      down 6%                          $370 - $347          7.7

Los Alamitos                down 7%                          $409 - $381          5.7

Mission Viejo                down 8%                          $383 - $352          4.1

*Newport Beach         increased 2.6%              $725 - $744         11.1

*Newport Coast          increased 7%                 $707 - $760         10.3

Orange                         down 9%                         $398 - $361          8.9

Placentia                       down 8%                         $362 - $334          8.5

Rancho Santa Margarita      down 7%                     $380 - $354         6.1

Rossmoor                     down 8%                         $480 - $443          5.9

San Clemente                down 2.6%                      $489 - $476          9.8

San Juan Capistrano      down 6%                         $412 - $386          10.7

Santa Ana                    down 8%                          $408 - $373          15.5

Seal Beach                    down 10%                        $508 - $456          7.9

Stanton                       down 10%                         $390 - $349          9.8

Tustin                          down 8%                          $412 - $379          8.4

*Villa Park                  increased 0.5%               $394 - $396         12.6

Westminster                 down 6%                          $391 - $366          9.1

Yorba Linda                  down 7%                          $382 - $356          7.6

***Yes folks, that’s five cities posting overall gains in price per square foot… Are we nearing the bottom? Or is this an anomaly, five times over?

If you would like to get your Orange County home SOLD in 30 days or less, call me at (949) 500-0482. 

Buyers, tired of weeding through the choas?  Call me to find the hottest buys in the area you are interested in.  We have them identified already! 

Orange County Real Estate  When will the market hit bottom?  Market Data, Market Report 2006-2007 County by County Comparison  City by City Comparison