Orange County Beach Town Home Buying Up 40% in May

From Orange County Register, June 15, 2010

For calendar month May – DataQuick’s latest stats — the 17 ZIPs located in beach towns communities showed …568 homes sold, that is +39.9% vs. a year ago.

The median selling price of these ZIPs was $719,000 – that is +2.4% vs. a year ago.

The beach towns ZIPs comprised 18.0% of the recent home sales in Orange county vs. 15.6% a year ago.

Elsewhere, click for details …

North O.C. homebuying up 18%

South County homebuying up 46%

Mid-County homebuying off 1%

A little geographical context …

36 ZIP codes in beach towns and inland South County communities had 1,515 homes sales. That’s up 43.7% vs. a year ago.

47 ZIP codes in mid-county and inland North County communities had 1,648 homes sales. That’s up 6.6% vs. a year ago.

Thus, the share of Orange County homes sold in mid-county and inland North County neighborhoods was 52% vs. 59% a year ago.

The ZIP-by-ZIP results for beach towns communities …

Town ZIP Price Yr. chg. Sales Yr. chg.

Corona del Mar 92625 $1,660,000 +47.6% 18 +100.0%

Dana Point 92624 $542,500 +2.4% 14 +16.7%

Dana Point 92629 $562,500 -18.5% 44 +46.7%

Huntington Beach 92646 $530,000 -1.1% 71 +42.0%

Huntington Beach 92647 $514,500 +9.5% 36 +2.9%

Huntington Beach 92648 $805,000 +15.0% 42 +0.0%

Huntington Beach 92649 $560,000 +9.6% 34 +36.0%

Laguna Beach 92651 $960,000 -8.6% 43 +53.6%

Newport Beach 92660 $1,000,000 +41.8% 41 +20.6%

Newport Beach 92661 $1,610,000 -4.6% 10 +66.7%

Newport Beach 92662 $1,917,500 +0.0% 6 +0.0%

Newport Beach 92663 $775,000 +31.9% 25 +78.6%

Newport Coast 92657 $1,900,000 +38.0% 26 +136.4%

San Clemente 92672 $550,000 +0.0% 38 +18.8%

San Clemente 92673 $622,500 -2.9% 51 +70.0%

San Juan Capistrano 92675 $450,000 +57.9% 50 +66.7%

Seal Beach 90740 $719,000 -2.8% 19 +58.3%

Total O.C.

$450,000 +9.8% 3,257 +22.1%