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Hotter housing market? – Orange County Register

Where did the housing market start 2017 hotter: Garden Grove or Westminster?

Homebuying in the five ZIP codes in Garden Grove in the first quarter rose as 282 residences sold vs. 273 a year ago, according to CoreLogic. That’s a sales gain of 3.3 percent vs. a 3.5 percent gain countywide.

Meanwhile, in Westminster — ZIP 92683 — 122 homes sold vs. 114 a year ago. That’s a sales gain of 7 percent. In that ZIP, the median selling price was $588,000 vs. $ 555,000 a year ago, a gain of 5.9 percent.

In Garden Grove communities in the first quarter …

ZIP code 92840 — 99 homes sold in the period vs. 93 a year ago. That’s a sales gain of 6.5 percent. Median selling price of $470,000 vs. $ 460,000 a year ago, a gain of 2.2 percent.

ZIP 92841 — 47 homes sold vs. 52 a year ago. That’s a sales loss of -9.6 percent. Median of $550,750 vs. $ 532,500 a year ago, a gain of 3.4 percent.

ZIP 92843 — 56 homes sold vs. 48 a year ago. That’s a sales gain of 16.7 percent. Median of $510,000 vs. $ 475,000 a year ago, a gain of 7.4 percent.

ZIP 92844 — 36 homes sold vs. 32 a year ago. That’s a sales gain of 12.5 percent. Median of $397,000 vs. $ 370,000 a year ago, a gain of 7.3 percent.

ZIP 92845 — 44 homes sold vs. 48 a year ago. That’s a sales loss of -8.3 percent. Median of $625,000 vs. $ 559,000 a year ago, a gain of 11.8 percent.

And here are four countywide trends to ponder in the period vs. 2016:

1. By neighborhood, prices rose in 66 of 83 Orange County ZIP codes; sales rose in 50 ZIPs.

2. In the 27 least expensive ZIPs — where the highest median home price was $588,000 — 2,423 homes sold, up 5 percent. Sales rose in 70 percent of these ZIPs.

3. In the 27 priciest ZIPs — where the medians start at $742,000 — 2,630 homes sold, up 7.2 percent. Sales rose in 59 percent of these ZIPs.

4. Million-dollar ZIPs: 9 with 551 sales, up 13 percent vs. 10 million-dollar ZIPs a year ago.

DID YOU MISS? 1-in-5 Orange County home sales tops $1 million

Read the full article from the Source…

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