OC Market Update

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REAL ESTATE
REPORT

Q1 2024

ORANGE COUNTY

Dear Friends and Family,

This Quarterly Report offers insight into residential real estate sales activity and regional trends. It complements the Area Report, giving you a broader look at the real estate market. If you are interested in receiving the Area Report, please let me know. I would be happy to set that up for you.
The market summary below offers a look at sales activity for the prior quarter and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments. Please contact me if you would like more information on your current market.

LAURA PALACIOS

Lic.# : 01991330

Direct: 949-310-0030

laurapalace@gmail.com

www.coldwellbanker.com

REAL ESTATE
SNAPSHOT

ORANGE COUNTY

Q1 2024

3.57% PROPERTIES SOLD ALL PROPERTY TYPES	14.86% AVERAGE SOLD PRICE ALL PROPERTY TYPES	15.02% MEDIAN SOLD PRICE ALL PROPERTY TYPES
5.48% NEW LISTINGS ALL PROPERTY TYPES	12.64% AVERAGE LIST PRICE ALL PROPERTY TYPES	11.34% MEDIAN LIST PRICE ALL PROPERTY TYPES
26.16% LIST/SELL PRICE RATIO ALL PROPERTY TYPES	-30.23% AVERAGE DAYS ON MARKET ALL PROPERTY TYPES	-48.00% MEDIAN DAYS ON MARKET ALL PROPERTY TYPES

	New Listings		%	Properties Sold		%	Median Sold Price		%	Median DOM		%
	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change
Aliso Viejo	96	97	-1.03%	83	55	51%	$863 K	$757 K	14%	9	20	-55%
Single Family	25	29	-14%	19	7	171%	$1.20 M	$1.37 M	-12%	14	20	-30%
Condo	71	68	4.41%	64	48	33%	$845 K	$740 K	14%	8	20	-60%
Anaheim	286	292	-2.05%	207	220	-5.91%	$865 K	$769 K	12%	14	25	-44%
Single Family	162	178	-8.99%	125	149	-16%	$918 K	$805 K	14%	13	26	-50%
Condo	124	114	8.77%	82	71	15%	$688 K	$575 K	20%	14	23	-39%
Anaheim Hills	111	105	5.71%	87	88	-1.14%	$1.03 M	$917 K	12%	13	21	-38%
Single Family	82	71	15%	66	63	4.76%	$1.27 M	$1.01 M	26%	14	28	-50%
Condo	29	34	-15%	21	25	-16%	$730 K	$690 K	5.80%	10	16	-38%
Brea	69	73	-5.48%	45	56	-20%	$965 K	$933 K	3.49%	8	17	-53%
Single Family	52	58	-10%	33	45	-27%	$1.06 M	$965 K	9.64%	9	17	-47%
Condo	17	15	13%	12	11	9.09%	$664 K	$750 K	-12%	6	13	-54%
Buena Park	78	109	-28%	65	90	-28%	$910 K	$790 K	15%	11	28	-61%
Single Family	58	85	-32%	51	69	-26%	$925 K	$803 K	15%	13	20	-35%
Condo	20	24	-17%	14	21	-33%	$838 K	$750 K	12%	6	33	-82%
Corona Del Mar	80	76	5.26%	62	48	29%	$3.80 M	$3.39 M	12%	37	39	-5.13%
Single Family	48	54	-11%	34	31	9.68%	$5.14 M	$3.98 M	29%	35	27	30%
Condo	32	22	45%	28	17	65%	$2.74 M	$2.30 M	19%	38	60	-37%

ORANGE COUNTY

REAL ESTATE SNAPSHOT | Q1 2024

	New Listings		%	Properties Sold		%	Median Sold Price		%	Median DOM		%
	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change
Costa Mesa	136	169	-20%	121	115	5.22%	$1.35 M	$1.14 M	19%	12	22	-45%
Single Family	94	119	-21%	78	78	0.00%	$1.56 M	$1.26 M	24%	12	21	-43%
Condo	42	50	-16%	43	37	16%	$815 K	$720 K	13%	12	23	-48%
Coto De Caza	52	40	30%	42	22	91%	$2.00 M	$1.83 M	9.44%	8	35	-77%
Single Family	47	37	27%	39	21	86%	$2.06 M	$1.83 M	12%	8	44	-82%
Condo	5	3	67%	3	1	200%	$925 K	$754 K	23%	12	5	140%
Cypress	65	73	-11%	62	56	11%	$992 K	$829 K	20%	11	17	-35%
Single Family	46	53	-13%	43	39	10%	$1.00 M	$944 K	5.93%	10	15	-33%
Condo	19	20	-5.00%	19	17	12%	$850 K	$685 K	24%	17	19	-11%
Dana Point	134	147	-8.84%	75	74	1.35%	$1.58 M	$1.50 M	5.44%	16	16	0.00%
Single Family	84	87	-3.45%	41	51	-20%	$1.75 M	$1.72 M	2.04%	12	17	-29%
Condo	50	60	-17%	34	23	48%	$1.02 M	$950 K	7.63%	19	13	46%
Fountain Valley	83	100	-17%	75	89	-16%	$1.29 M	$1.14 M	14%	10	24	-58%
Single Family	65	78	-17%	56	67	-16%	$1.36 M	$1.19 M	14%	8	22	-64%
Condo	18	22	-18%	19	22	-14%	$709 K	$678 K	4.65%	12	33	-64%
Fullerton	226	165	37%	167	137	22%	$1.00 M	$873 K	15%	12	18	-33%
Single Family	174	117	49%	131	112	17%	$1.13 M	$948 K	19%	11	20	-45%
Condo	52	48	8.33%	36	25	44%	$605 K	$585 K	3.33%	17	14	21%
Garden Grove	152	177	-14%	106	134	-21%	$898 K	$793 K	13%	12	22	-45%
Single Family	111	119	-6.72%	71	84	-15%	$960 K	$873 K	10%	12	17	-29%
Condo	41	58	-29%	35	50	-30%	$570 K	$559 K	1.97%	12	34	-65%
Huntington Beach	384	385	-0.26%	307	281	9.25%	$1.20 M	$1.13 M	6.19%	23	27	-15%
Single Family	236	245	-3.67%	185	173	6.94%	$1.42 M	$1.28 M	11%	20	25	-20%
Condo	148	140	5.71%	122	108	13%	$713 K	$747 K	-4.62%	27	27	0.00%
Irvine	613	521	18%	483	427	13%	$1.53 M	$1.33 M	15%	10	24	-58%
Single Family	275	198	39%	215	192	12%	$2.20 M	$1.98 M	11%	11	27	-59%
Condo	338	323	4.64%	268	235	14%	$1.25 M	$1.05 M	19%	10	20	-50%
La Habra	94	83	13%	68	62	9.68%	$800 K	$758 K	5.54%	14	22	-36%
Single Family	56	58	-3.45%	48	40	20%	$863 K	$848 K	1.77%	17	14	21%
Condo	38	25	52%	20	22	-9.09%	$515 K	$615 K	-16%	10	24	-58%
La Palma	21	13	62%	17	29	-41%	$1.13 M	$975 K	15%	14	44	-68%
Single Family	19	12	58%	15	27	-44%	$1.13 M	$1.00 M	13%	14	44	-68%
Condo	2	1	100%	2	2	0.00%	$670 K	$619 K	8.32%	12	58	-79%
Ladera Ranch	64	78	-18%	49	56	-13%	$1.24 M	$1.08 M	15%	13	25	-48%
Single Family	34	45	-24%	29	32	-9.38%	$1.87 M	$1.88 M	-0.69%	13	27	-52%
Condo	30	33	-9.09%	20	24	-17%	$904 K	$746 K	21%	12	25	-52%
Laguna Beach	123	106	16%	63	50	26%	$3.00 M	$2.83 M	6.19%	54	49	10%
Single Family	101	91	11%	52	39	33%	$3.12 M	$2.90 M	7.41%	54	49	10%
Condo	22	15	47%	11	11	0.00%	$2.32 M	$1.60 M	45%	54	59	-8.47%

ORANGE COUNTY

REAL ESTATE SNAPSHOT | Q1 2024

	New Listings		%	Properties Sold		%	Median Sold Price		%	Median DOM		%
	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change
Laguna Hills	68	71	-4.23%	54	55	-1.82%	$955 K	$1.01 M	-5.45%	10	36	-72%
Single Family	44	47	-6.38%	33	36	-8.33%	$1.25 M	$1.29 M	-3.10%	8	32	-75%
Condo	24	24	0.00%	21	19	11%	$626 K	$553 K	13%	11	38	-71%
Laguna Niguel	183	164	12%	129	119	8.40%	$1.33 M	$1.20 M	11%	12	36	-67%
Single Family	104	103	0.97%	78	80	-2.50%	$1.70 M	$1.42 M	20%	9	42	-79%
Condo	79	61	30%	51	39	31%	$780 K	$660 K	18%	18	33	-45%
Laguna Woods	116	121	-4.13%	86	81	6.17%	$420 K	$325 K	29%	28	30	-6.67%
Single Family	1	1	0.00%	1	0		$375 K	$0		4	0
Condo	115	120	-4.17%	85	81	4.94%	$424 K	$325 K	30%	28	30	-6.67%
Lake Forest	190	216	-12%	163	160	1.88%	$1.15 M	$988 K	16%	11	21	-48%
Single Family	122	133	-8.27%	99	108	-8.33%	$1.40 M	$1.18 M	18%	11	20	-45%
Condo	68	83	-18%	64	52	23%	$639 K	$618 K	3.33%	14	24	-42%
Los Alamitos	26	18	44%	16	18	-11%	$1.22 M	$1.18 M	3.48%	28	39	-28%
Single Family	21	14	50%	12	16	-25%	$1.36 M	$1.21 M	12%	29	29	0.00%
Condo	5	4	25%	4	2	100%	$755 K	$833 K	-9.41%	14	80	-83%
Midway City	7	12	-42%	5	1	400%	$1.06 M	$850 K	25%	32	14	129%
Single Family	4	11	-64%	4	1	300%	$1.08 M	$850 K	27%	72	14	414%
Condo	3	1	200%	1	0		$600 K	$0		32	0
Mission Viejo	229	235	-2.55%	169	222	-24%	$1.06 M	$927 K	14%	12	18	-33%
Single Family	161	181	-11%	125	164	-24%	$1.20 M	$1.03 M	17%	12	17	-29%
Condo	68	54	26%	44	58	-24%	$753 K	$700 K	7.50%	12	24	-50%
Newport Beach	245	197	24%	130	121	7.44%	$2.98 M	$2.55 M	17%	22	26	-15%
Single Family	172	130	32%	86	72	19%	$4.38 M	$3.21 M	36%	28	31	-9.68%
Condo	73	67	8.96%	44	49	-10%	$1.49 M	$1.34 M	11%	17	18	-5.56%
Newport Coast	33	41	-20%	21	29	-28%	$4.58 M	$4.43 M	3.27%	38	59	-36%
Single Family	22	28	-21%	12	23	-48%	$8.23 M	$4.75 M	73%	35	36	-2.78%
Condo	11	13	-15%	9	6	50%	$1.73 M	$1.70 M	1.95%	46	75	-39%
North Tustin	34	55	-38%	23	32	-28%	$1.70 M	$1.55 M	9.63%	11	16	-31%
Single Family	34	55	-38%	23	32	-28%	$1.70 M	$1.55 M	9.63%	11	16	-31%
Condo	0	0		0	0		$0	$0		0	0
Orange	194	170	14%	169	164	3.05%	$1.04 M	$895 K	16%	9	39	-77%
Single Family	140	125	12%	124	123	0.81%	$1.10 M	$970 K	13%	9	34	-74%
Condo	54	45	20%	45	41	9.76%	$675 K	$655 K	3.05%	8	44	-82%
Placentia	94	77	22%	78	74	5.41%	$1.00 M	$857 K	17%	9	26	-65%
Single Family	66	53	25%	59	55	7.27%	$1.09 M	$925 K	18%	8	29	-72%
Condo	28	24	17%	19	19	0.00%	$695 K	$512 K	36%	13	17	-24%
Rancho Mission Viejo	95	70	36%	69	35	97%	$1.02 M	$908 K	12%	17	31	-45%
Single Family	53	46	15%	40	19	111%	$1.28 M	$1.17 M	9.62%	15	27	-44%
Condo	42	24	75%	29	16	81%	$775 K	$792 K	-2.15%	19	35	-46%

ORANGE COUNTY

REAL ESTATE SNAPSHOT | Q1 2024

	New Listings		%	Properties Sold		%	Median Sold Price		%	Median DOM		%
	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change
Rancho Santa Margarita	130	133	-2.26%	112	119	-5.88%	$973 K	$865 K	13%	9	26	-65%
Single Family	72	74	-2.70%	60	64	-6.25%	$1.30 M	$1.13 M	16%	9	26	-65%
Condo	58	59	-1.69%	52	55	-5.45%	$697 K	$669 K	4.20%	9	26	-65%
Rossmoor	14	17	-18%	18	10	80%	$1.68 M	$1.53 M	10%	8	6	33%
Single Family	14	16	-13%	18	9	100%	$1.68 M	$1.55 M	8.23%	8	6	33%
Condo	0	1		0	1		$0	$700 K		0	17
San Clemente	206	159	30%	136	124	9.68%	$1.64 M	$1.60 M	2.47%	20	32	-38%
Single Family	163	128	27%	99	95	4.21%	$1.80 M	$1.70 M	5.88%	21	32	-34%
Condo	43	31	39%	37	29	28%	$960 K	$940 K	2.13%	18	33	-45%
San Juan Capistrano	122	98	24%	83	78	6.41%	$1.29 M	$1.24 M	4.78%	20	24	-17%
Single Family	87	74	18%	63	55	15%	$1.74 M	$1.65 M	5.78%	23	23	0.00%
Condo	35	24	46%	20	23	-13%	$972 K	$855 K	14%	12	28	-57%
Santa Ana	282	255	11%	176	170	3.53%	$797 K	$718 K	11%	13	23	-43%
Single Family	148	145	2.07%	105	110	-4.55%	$900 K	$795 K	13%	13	19	-32%
Condo	134	110	22%	71	60	18%	$475 K	$425 K	12%	16	36	-56%
Seal Beach	49	27	81%	25	26	-3.85%	$1.35 M	$1.41 M	-4.42%	36	15	140%
Single Family	34	17	100%	16	20	-20%	$1.37 M	$1.63 M	-16%	39	15	160%
Condo	15	10	50%	9	6	50%	$565 K	$568 K	-0.44%	36	22	64%
Silverado	2	0		1	0		$2.80 M	$0		11	0
Single Family	2	0		1	0		$2.80 M	$0		11	0
Condo	0	0		0	0		$0	$0		0	0
Silverado Canyon	9	5	80%	4	3	33%	$762 K	$735 K	3.64%	28	87	-68%
Single Family	9	5	80%	4	3	33%	$762 K	$735 K	3.64%	28	87	-68%
Condo	0	0		0	0		$0	$0		0	0
Stanton	42	34	24%	34	31	9.68%	$630 K	$705 K	-11%	18	31	-42%
Single Family	11	20	-45%	11	17	-35%	$910 K	$775 K	17%	10	36	-72%
Condo	31	14	121%	23	14	64%	$620 K	$575 K	7.83%	19	23	-17%
Sunset Beach	5	5	0.00%	2	0		$2.36 M	$0		99	0
Single Family	3	2	50%	1	0		$2.28 M	$0		42	0
Condo	2	3	-33%	1	0		$2.45 M	$0		156	0
Trabuco Canyon	25	6	317%	12	11	9.09%	$1.21 M	$1.27 M	-4.55%	7	24	-71%
Single Family	19	5	280%	9	7	29%	$1.51 M	$1.50 M	0.67%	7	24	-71%
Condo	6	1	500%	3	4	-25%	$580 K	$608 K	-4.53%	42	29	45%
Tustin	130	108	20%	107	87	23%	$1.05 M	$951 K	10%	9	20	-55%
Single Family	61	69	-12%	56	51	9.80%	$1.41 M	$1.25 M	13%	9	14	-36%
Condo	69	39	77%	51	36	42%	$739 K	$639 K	16%	8	30	-73%
Villa Park	12	24	-50%	14	11	27%	$2.06 M	$1.98 M	4.30%	13	18	-28%
Single Family	12	24	-50%	14	11	27%	$2.06 M	$1.98 M	4.30%	13	18	-28%
Condo	0	0		0	0		$0	$0		0	0

ORANGE COUNTY

REAL ESTATE SNAPSHOT | Q1 2024

	New Listings		%	Properties Sold		%	Median Sold Price		%	Median DOM		%
	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change	Q1 2024	Q1 2023	Change
Westminster	78	74	5.41%	62	56	11%	$1.05 M	$840 K	25%	10	16	-38%
Single Family	69	70	-1.43%	56	49	14%	$1.06 M	$880 K	21%	11	14	-21%
Condo	9	4	125%	6	7	-14%	$790 K	$690 K	14%	8	61	-87%
Yorba Linda	172	161	6.83%	120	127	-5.51%	$1.34 M	$1.07 M	25%	9	30	-70%
Single Family	136	114	19%	95	95	0.00%	$1.47 M	$1.27 M	16%	9	38	-76%
Condo	36	47	-23%	25	32	-22%	$665 K	$663 K	0.38%	9	28	-68%
Total	5662	5367	5.50%	4202	4056	3.60%	$1.12 M	$975 K	15%	13	25	-48%
Single Family	3556	3429	3.70%	2635	2637	-0.08%	$1.34 M	$1.18 M	14%	13	24	-46%
Condo	2106	1938	8.67%	1567	1419	10%	$775 K	$710 K	9.15%	13	27	-52%

REAL ESTATE
SNAPSHOT

ORANGE COUNTY

MARKET OVERVIEW

Q1 2024 | Single Family

-0.08% PROPERTIES SOLD SINGLE FAMILY	17.30% AVERAGE SOLD PRICE SINGLE FAMILY	14.04% MEDIAN SOLD PRICE SINGLE FAMILY
3.70% NEW LISTINGS SINGLE FAMILY	14.98% AVERAGE LIST PRICE SINGLE FAMILY	9.54% MEDIAN LIST PRICE SINGLE FAMILY
40.74% LIST/SELL PRICE RATIO SINGLE FAMILY	-33.33% AVERAGE DAYS ON MARKET SINGLE FAMILY	-45.83% MEDIAN DAYS ON MARKET SINGLE FAMILY

LISTING INVENTORY AND NUMBER OF SALES

Q1 2024 | Single Family

Quarterly inventory of properties for sale along with number of sales

MEDIAN SALES PRICE AND NUMBER OF SALES

Q1 2024 | Single Family

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.

AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET

Q1 2024 | Single Family

Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM

Q1 2024 | Single Family

Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Days on Market | Average days on market for all properties sold.

AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE

Q1 2024 | Single Family

Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of quarter.

PROPERTIES FOR SALE AND SOLD PROPERTIES

Q1 2024 | Single Family

Properties for Sale | Number of properties listed for sale at the end of quarter.
Sold Properties | Number of properties sold.

MONTHS SUPPLY OF INVENTORY

Q1 2024 | Single Family

Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

REAL ESTATE
SNAPSHOT

ORANGE COUNTY

MARKET OVERVIEW

Q1 2024 | Condo

10.35% PROPERTIES SOLD CONDO	13.23% AVERAGE SOLD PRICE CONDO	9.15% MEDIAN SOLD PRICE CONDO
8.61% NEW LISTINGS CONDO	11.29% AVERAGE LIST PRICE CONDO	6.34% MEDIAN LIST PRICE CONDO
1.69% LIST/SELL PRICE RATIO CONDO	-30.95% AVERAGE DAYS ON MARKET CONDO	-51.85% MEDIAN DAYS ON MARKET CONDO

LISTING INVENTORY AND NUMBER OF SALES

Q1 2024 | Condo

Quarterly inventory of properties for sale along with number of sales

MEDIAN SALES PRICE AND NUMBER OF SALES

Q1 2024 | Condo

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.

AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET

Q1 2024 | Condo

Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM

Q1 2024 | Condo

Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Days on Market | Average days on market for all properties sold.

AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE

Q1 2024 | Condo

Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of quarter.

PROPERTIES FOR SALE AND SOLD PROPERTIES

Q1 2024 | Condo

Properties for Sale | Number of properties listed for sale at the end of quarter.
Sold Properties | Number of properties sold.

MONTHS SUPPLY OF INVENTORY

Q1 2024 | Condo

ADDITIONAL
REPORTS

ORANGE COUNTY

Q1 2024

ALISO VIEJO (CA)

ANAHEIM (CA)

ANAHEIM HILLS (CA)

BREA (CA)

BUENA PARK (CA)

CORONA DEL MAR (CA)

COSTA MESA (CA)

COTO DE CAZA (CA)

CYPRESS (CA)

DANA POINT (CA)

FOUNTAIN VALLEY (CA)

FULLERTON (CA)

GARDEN GROVE (CA)

HUNTINGTON BEACH (CA)

IRVINE (CA)

LA HABRA (CA)

LA PALMA (CA)

LADERA RANCH (CA)

MONTHLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
QUARTERLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Cities, areas, neighborhoods or property types within a county that are not represented indicate there is not enough sold data to produce a monthly or quarterly report for that specific city. If you are interested in information for a specific city, area, neighborhood and/or property type, please contact a Coldwell Banker Independent Sales Associate.