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Fullerton homebuying slips: 10 trends to ponder

June 17, 2017

Homebuying in Fullerton in 2017’s first three months could not keep pace with a countywide sales advance.

How did the local residential real estate market start the year? Using CoreLogic data, we compared homebuying patterns from January to March from this year and 2016. Here’s what we learned:

1. Sales in Fullerton fell as 277 residences sold in the past 12 months vs. 302 a year ago.

2. That’s a loss of 8.3 percent vs. a 3.5 percent increase countywide.

Neighborhood trends in Fullerton from the report:

3. Fullerton ZIP code 92831 — 49 homes sold in the latest period vs. 74 one year ago. That’s a sales loss of 33.8 percent. Median selling price of $589,000 vs. $497,500 last year, a gain of 18.4 percent.

4. Fullerton ZIP 92832 — 41 homes sold in the latest period vs. 28 one year ago. That’s a sales gain of 46.4 percent. Median of $520,000 vs. $460,000 last year, a gain of 13 percent.

5. Fullerton ZIP 92833 — 110 homes sold vs. 137 a year ago. That’s a sales loss of 19.7 percent. Median of $541,000 vs. $515,000 a year ago, a gain of 5 percent.

6. Fullerton ZIP 92835 — 77 homes sold vs. 63 a year ago. That’s a sales gain of 22.2 percent. Median of $675,000 vs. $620,000 a year ago, a gain of 8.9 percent.

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

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

8. 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.

9. 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.

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

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