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Homebuying around Coto de Caza jumps 73% in first half

August 12, 2017

In 2017’s first six months, the housing market in the South County foothills ZIP code 92679 looked strong.

CoreLogic statistics for the first half of 2017, compared with the same period a year earlier, show these trends for the area that stretches from Portola Hills through Trabuco Canyon and Coto de Caza to Wagon Wheel …

1. 83 homes sold this year vs. 48 a year ago.

2. That’s a sales gain of 73 percent vs. a homebuying gain of 2.2 percent countywide.

3. Median selling price this year of $1,004,500 vs. $816,250 in 2016.

4. That’s a price gain of 23.1 percent. Countywide median was $675,000, up 3.1 percent vs. first-half 2016.

Here are six countywide trends to ponder, first half 2017 vs. first half 2016 …

1. Prices rose in 70 of 83 Orange County ZIPs. Sales rose in 50 of the 83.

2. In the 27 least expensive ZIPs — median price at $597,500 and below -– 5,258 homes sold. That’s up 0.8 percent.

3. In the 27 priciest ZIPs — median price of $755,000-plus -– 6,431 homes sold. That’s up 5.7 percent.

4. In nine ZIPs with medians above $1 million, sales totaled 1,256 homes, up 7.8 percent.

5. In 16 beach-close ZIPs, 3,158 homes sold, up 3.27 percent.

6. There were 10 ZIPs with median prices under $500,000 with total sales of 1,799 homes. A year ago, 18 ZIPs had medians under $500,000 with 2,793 sales.

DID YOU SEE? It’s been 10 years since Orange County’s housing bubble … or … Half of us rent: L.A.-Orange County homeownership rate 2nd lowest in U.S.

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