Showing posts with label energy regulations. Show all posts
Showing posts with label energy regulations. Show all posts

Saturday, March 6, 2010

Irvines Woodbridge is O.C.’s zippiest home market

 

RankPrev.TownZIPPricePricing rankSales rankFC rank
1 12 Irvine 92614 $460,000 10 5 6
2 19 Irvine 92604 $540,500 18 2 4
3 3 Newport Beach 92663 $804,500 2 1 49
4 51 Brea 92821 $465,000 24 24 12
5 26 Huntington Beach 92647 $530,000 21 32 11
6 22 Cypress 90630 $440,000 31 14 22
6 20 Huntington Beach 92649 $680,000 5 33 29
8 37 Orange 92869 $450,500 14 21 35
9 1 Los Alamitos 90720 $712,500 37 31 5
10 34 Laguna Woods 92637 $215,000 39 12 24

Irvine’s Woodbridge neighborhood, it seems, has the most housing zip.

Irvine 92614 had Orange County’s zippiest housing market in the most recently concluded quarter. So says our Zippy rankings that weigh pricing and sales momentum plus foreclosure frequency as measured by DataQuick stats. This ZIP ranked 10 of 83 for pricing; 5 for sales; and 6 in terms of foreclosures frequency in the community. In the previous quarter, this ZIP ranked 12 of 83 overall.

Second strongest was Irvine 92604 followed by Newport Beach 92663 as third best.

When you look at the 83 major ZIPs in the county and their Zippys rankings, you see these trends for the best-performing communities:

  • The top 25 had a median selling price of $558,500 – that’s +10% vs. the middle of the pack.
  • Price momentum of the top 25 — activity vs. a year ago was 5% compared to 0% for the middle of the pack.
  • Sales momentum of the top 25 — activity vs. a year ago was 35% compared to 15% for the middle of the pack.
  • Forecloures occurred in the top 25 ZIP at a rate of 1.8 homes per 1,000 vs. 2.7 for the middle of the pack.
  • Forecloures momentum in the top 25 ZIP — change vs. a year ago — was 10% compared to 22% for the middle of the pack.
  • Who was at the bottom of the Zippy list? CLICK HERE!
  • At right is last quarter’s 10 zippiest ZIPs, as measured by Zippy math, and their respective rankings (1 best; 83 worst) in terms of pricing and sales momentum and foreclosure frequency.

PS: What’s a Zippy? Read the rest of this entry »

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Posted via web from The Newport Beach Lifestyle

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