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Where is housing hotter? – Orange County Register

Where did the housing market start 2017 hotter: Orange or Villa Park?

Homebuying in the five ZIP codes in Orange in the first quarter rose as 321 residences sold vs. 290 a year ago, according to CoreLogic. That’s a sales gain of 10.7 percent vs. a 3.5 percent gain countywide.

Meanwhile, in Villa Park — ZIP 92861 — 17 homes sold vs. 11 a year ago. That’s a sales gain of 54.5 percent. In that ZIP, the median selling price was $1,365,000 vs. $ 1,260,000 a year ago, a gain of 8.3 percent.

In Orange communities in the first quarter …

ZIP code 92865: 51 homes sold in the period vs. 55 a year ago. That’s a sales loss of -7.3 percent. Median selling price of $595,000 vs. $ 537,000 a year ago, a gain of 10.8 percent.

ZIP 92866: 27 homes sold vs. 27 a year ago. That’s a sales loss of 0.0 percent. Median of $625,000 vs. $ 650,000 a year ago, a loss of -3.8 percent.

ZIP 92867: 89 homes sold vs. 77 a year ago. That’s a sales gain of 15.6 percent. Median of $661,000 vs. $ 625,000 a year ago, a gain of 5.8 percent.

ZIP 92868: 39 homes sold vs. 38 a year ago. That’s a sales gain of 2.6 percent. Median of $420,000 vs. $ 422,500 a year ago, a loss of -0.6 percent.

ZIP 92869: 115 homes sold vs. 93 a year ago. That’s a sales gain of 23.7 percent. Median of $585,000 vs. $ 650,000 a year ago, a loss of -10.0 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

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