County Mesa homebuying warmed up in summer – Orange County Register

Homebuying in Costa Mesa in the third quarter outpaced countywide sales activity.

Using CoreLogic data, we compared sales patterns for all residences in the July-to-September period vs. a year ago. Sales in Costa Mesa rose as 283 residences were purchased this year vs. 268 a year ago. That’s a gain of 5.6 percent vs. an increase of 2.2 percent countywide.

Neighborhood trends in Costa Mesa for the summer quarter from CoreLogic’s report:

Costa Mesa ZIP code 92626 — 122 homes sold vs. 107 a year ago. That’s a sales gain of 14 percent. Median selling price of $731,500 vs. $704,721 last year, a gain of 3.8 percent. That median ranked No. 34 highest out of 83 Orange County ZIPs.

Costa Mesa ZIP 92627 — 161 homes sold vs. 161 a year ago. That’s a sales flat vs. last year. Median of $800,000 vs. $759,734 last year, a gain of 5.3 percent. That median ranked No. 23 highest out of 83.

Eight countywide trends from the summer quarter vs. 2016:

1. Prices were up in 75 of 83 Orange County ZIP codes compared to the previous year.

2. Sales rose in 38 of 83 ZIPs vs. year-ago period.

3. Builder sales were up 16.7 percent from a year ago.

4. In the 27 least expensive ZIP codes — median sales price at $610,000 and below — sales fell 1.9 percent compared to a year ago.

5. In the 27 priciest ZIPs — median sales price beginning at $775,000 and higher — sales rose 10.7 percent vs. a year ago.

6. In the nine Orange County ZIP codes with median above $1 million, sales totaled 693 homes, up 3.27 percent vs. a year ago.

7. In the county’s 16 beach-close ZIP codes, sales rose 7 percent vs. a year ago.

8. Seven ZIPs with median prices under $500,000 had total sales of 553 homes. A year ago, 11 ZIPs had medians under $500,000 with 967 sales. That’s a drop of 43 percent in a year.

How much Orange County housing can you buy for $350,000?

SEE: $350,000 new home in Orange County? It’s in the works in Rancho Mission Viejo

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