Published May 21, 2020
Orange County Market Report : April 2020
Reading the Report
Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue influence.
Average Price per Square Foot: The price of each property divided by their respective square footage then averaged across all properties sold in the area for a given time period.
Properties Sold: The number of property transactions that closed and transferred ownership.
Properties Pending Sale: The number of properties that entered escrow in preparation for sale.
Properties For Sale: The number of properties on the market and seeking buyers.
Days of market (Pending Sale): The number of days that properties currently in escrow were on the market.
Month’s Supply of Inventory: The number of months it would take to sell all the properties listed for sale at the current pace of sales and if no new listings entered the market.
Percent Under Contract: The ratio of properties for sale to properties pending sale.
Average Median Price for Last 12: The Average Median Price for the Last 12 Months is sales data from 12 months ending in the identified month.
Orange County
Orange County Macro Aliso Viejo Balboa Peninsula Corona Del Mar - Spyglass Coto De Caza Crystal Cove Dana Point East Bluff - Harbor View East Costa Mesa Costa Mesa Fountain Valley Huntington Beach Irvine Ladera Ranch | Laguna Beach Laguna Hills Laguna Niguel Laguna Woods Lake Forest Lantern Village In Dana Point Lower Newport Bay - Balboa Island Mission Viejo Monarch Beach Nelle Gail Newport Beach Newport Coast Newport Heights Rancho Santa Margarita | San Clemente San Juan Capistrano Seal Beach Shady Canyon Turtle Ridge Turtle Rock Westminster West Bay - Santa Ana Heights West Newport - Lido Yorba Linda |
Orange County
DATA APR 2019 6 MONTH 3 MONTH APR 2020 % CHANGE
| Median Price | $820,000 | $815,000 | $851,000 | $859,000 | 4.8% |
| Average Price per Square Foot | $474 | $502 | $512 | $481 | 1.5% |
| Properties Sold | 1667 | 1621 | 1134 | 1048 | -37.1% |
| Properties Pending Sale | 1832 | 1560 | 1335 | 849 | -53.7% |
| Properties For Sale | 7,410 | 6,472 | 4,650
| 4,398 | -40.6% |
| Days on Market (Pending Sale) | 45 | 49 | 49 | 38 | -16.4% |
| Month’s Supply of Inventory | 4.4 | 4 | 4.1 | 4.2 | -5.6% |
| Percent Under Contract | 24.7% | 24.1% | 28.7% | 19.3% | -21.9% |
| Average Median Price for Last 12 Months | $809,125 | $851,958 | $869,667 | $835,827 | 3.3% |
Current Market Snapshot
$859,000Median sales price $481Average price per square foot 4.2Month’s supply of inventory |
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