The OC Real Estate Mid Year Report from the Orange County Register and CoreLogic shows a first half year of record shattering highs and lows.
$657,500 - Orange County’s median home price reached a record high in June, surpassing the June 2007 peak of $645,000 for the second month in a row. The new median was up 4.6 percent - or $29,000, over June 2015. See what the median home price will be you in Laguna Beach and Corona Del Mar here.
18,470 - The number of Orange County homes sold, up 2.4 percent over the first half of last year.
22.1% - Newly built home sales were up over the first six month of 2015. This year, 2,141 new homes were sold, compared to 1,754 last year.
23.7% - The percentage of all homes that were purchased with cash, down from a cash share of 26.1 percent in the first half of last year. Cash buyers were drawn to coastal communities.
$45 million - Twin Points, a Laguna Beach estate with two headlands projecting hundreds of feet into the Pacific Ocean, sold in February, setting a record price in Orange County. The house and guest house on the unique parcel between Crescent Bay and Shaw's Cove were relatively modest. Previously, the top sale was a newly built 12,000-square-foot, multilevel house in Laguna Beach that went for $35.5 million in August 2014.
$69 million - The priciest home on the Multiple Listing Service: President Nixon's Western White House in San Clemente, owned by retired Allergen CEO Gavin S. Herbert for more than three decades. The iconic, 5.44-acre estate, reduced from an original price of $75 million, is secluded behind private walls and fences, with about 15,000 square feet among all the structures, including a 9,000-square-foot main residence.
390 square feet - The smallest standalone house selling on the MLS had an unusual feature: A Sycamore tree poking through it. The house, set on a 7,841-square-foot lot in Modjeska Canyon by the Cleveland National Forest. was thought to be 268-square-feet, but an appraisal eeked out more. The home, at 28882 Foothill Drive, went for $315,000 in April.
$140,000 - A Trabuco Canyon home listed at $200,000 was the cheapest standalone house sale. The residence, with 475 square feet and a 7420 square foot lot, had one bedroom and one bathroom. If your budget is between $200,000-$300,000 there are 29 available properties in Orange County for you.
$1,770 - It's a good time to be a landlord. The average price for Orange County rents in the second quarter, up $62 or 3.6 percent year over year, according to real estate data firm Reis Inc. A survey by Real Answers, limited to large-complex apartments, showed a higher average - $1,946, up $98 or 5.3 percent for the same period in 2015.
53.6% - Slightly more than half of houses and apartments for rent in the county were considered affordable as of April, down from 64.3 percent in April 2015, according to a Trulia analysis. Orange County placed No. 2 for its shrinking affordability in the 25 rental markets around the nation that the real estate website analyzed.