Orange County Adds 20 Million ZIPs, Loses 17 Advantage Neighborhoods – Orange County Register


The pandemic’s home-buying spree has boosted the number of million-dollar Orange County neighborhoods by 20 in a year — and 32 over 24 months — as the market lost 17 ‘affordable’ communities in 12 months and 35 since April 2020.

My trusty spreadsheet, filled with DQNews/CoreLogic’s April home-buying statistics for 83 Orange County zip codes, showed how home prices have changed over the past two years. Expensive ZIPs had a median sale price of $1 million and higher, affordable neighborhoods had medians of $750,000 or less.

Yes, I agree that $750,000 is a lot of money. But as recently as May 2020, $750,000 bought you a median-priced home in Orange County. Now that median stands at $1.05 million.

Let’s take a look at how the ranks of expensive and affordable communities have changed…

April: 46 Seven-Figure ZIPs with 1,604 sales – 53% of all purchases and 8 Affordable ZIPs with 184 sales, or 6% of all purchases. The high end included 8 ZIPs priced at $2 million or more.

March: 45 Seven-Figure ZIPs with 1,688 sales – 53% of all purchases and 10 Affordable ZIPs with 282 sales, or 9% of all purchases. The high end included 7 ZIPs priced at $2 million or more. And, between the top and the bottom, there were 21 quarters.

April 2021: 26 Million Dollar ZIPs with 1,613 transactions – 39% of all purchases and 25 Bargain ZIPs with 935 sales, a 22% slice. ($2 million or more: 9 ZIPs.)

April 2020: 14 seven-figure ZIPs with 365 closes – a 13% slice versus 43 ZIPs below $750,000 with 1,300 purchases, or 46% of all sales. ($2 million or more: 5 ZIPs.)

Why did this happen?

A feeding frenzy has been created by cheap loans, few homes for sale, plus a thirst for larger living spaces and growing investor interest. And it all happened as the economy recovered from a pandemic chill.

These factors pushed the county’s median price up to $1.05 million in April, up 21% year-over-year (a gain of $179,353 or $14,946 per month). Over the previous 12 months, prices have increased by 15% (equivalent to $115,700 or an appreciation at a monthly rate of $9,642).

Let’s take a look at which ZIPs are in Orange County’s million dollar club for April while looking at the cheapest neighborhoods.

Note that monthly sales data for individual zip codes can be volatile, so price trends may reflect a different mix of homes sold – without changing values. (Data for all Orange County ZIPs can be found at bit.ly/aprilpricingoc.)

New to the club

These Last Million Dollar Club ZIP Codes Were Not Members In April 2021…

Brea 92823: $1.42 million — up 90%.

Costa Mesa 92627: $1.29 million — up 37%.

Foothill Ranch 92610: $1.28 million — up 68%.

Tustin 92782: $1.28 million — up 48%.

Huntington Beach 92646: $1.25 million — up 44%.

Costa Mesa 92626: $1.25 million — up 33%.

Ladera Ranch 92694: $1.2 million — up 36%.

Irvin 92604: $1.17 million — up 30%.

Orange 92867: $1.16 million — up 28%.

Huntington Beach 92647: $1.15 million — up 37%.

Irvin 92606: $1.14 million — up 20%.

Brea 92821: $1.06 million — up 34%.

Lake Forest 92630: $1.06 million — up 21%.

Irvin 92614: $1.06 million — up 33%.

Fontaine Valley 92708: $1.05 million — up 15%.

Laguna Hills 92653: $1.04 million — up 6%.

Orange 92869: $1.04 million — up 14%.

Mission Viejo 92691: $1.02 million — up 23%.

Fullerton 92835: $1.01 million — up 26%.

Anaheim 92808: $1.01 million — up 6%.

Always members

Seven-digit zip codes who were club members in April 2021…

Newport Beach 92661: $4.55 million — up 32%.

Newport Beach 92662: $4.43 million — unchanged in 12 months.

Corona del Mar 92625: $3.81 million — up 42%.

Newport Hill 92657: $3.8 million — up 15%.

Irvin 92603: $2.85 million — up 20%.

Laguna Beach 92651: $2.75 million — up 18%.

Newport Beach 92660: $2.68 million — up 20%.

Villa Park 92861: $2.18 million — up 25%.

Dana Point 92624: $1.83 million — up 12%.

Irvin 92602: $1.82 million — up 24%.

Saint Clement 92672: $1.8 million — up 61%.

Newport Beach 92663: $1.64 million — less than 2%.

Trabuco/Coto 92679: $1.63 million — up 39%.

San Juan Capistrano 92675: $1.59 million — up 35%.

Irvin 92620: $1.53 million — up 49%.

Saint Clement 92673: $1.52 million — up 28%.

Santa Ana 92705: $1.51 million — up 26%.

Yorba Linda 92887: $1.48 million — up 39%.

Los Alamitos 90720: $1.42 million — up 18%.

Point Dana 92629: $1.4 million — up 14%.

Irvin 92618: $1.39 million — up 30%.

Huntington Beach 92648: $1.34 million — up 3%.

Seal Beach 90740: $1.3 million — less than 7%.

Lagoon Niguel 92677: $1.2 million — up 10%.

Yorba Linda 92886: $1.2 million — up 20%.

Huntington Beach 92649: $1.1 million — 6% discount

OC ‘bargains’

Orange County ZIP Codes Under $750,000 in 2021…

Bosquet Garden 92843: $725,000 — up 10%.

Santa Ana 92703: $705,000 — up 12%.

Santa Ana 92704: $700,000 — up 27%.

Santa Ana 92707: $670,000 — up 17%.

Santa Ana 92701: $625,000 — up 97%.

Orange 92868: $620,000 — 15% discount.

Stanton 90680: $592,500 — up 1%.

Wood Laguna 92637: $456,250 — up 9%.

Jonathan Lansner is the business columnist for the Southern California News Group. He can be contacted at [email protected]

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