Buena Park homebuying slips 6.5% in first half

Homebuying in Buena Park in 2017’s first half could not keep pace with countywide sales activity.

Using CoreLogic data, we compared sales patterns from the six months ended in June vs. the first half of 2016.

Sales in Buena Park fell as 362 residences sold through June vs. 387 in 2016. That’s a loss of 6.5 percent vs. a 2.2 percent gain countywide.

Neighborhood trends in Buena Park from the CoreLogic report:

Buena Park ZIP code 90620 — 226 homes sold in the latest period vs. 193 last year. That’s a sales gain of 17.1 percent. Median selling price of $549,000 vs. $ 512,500 in ’16, a gain of 7.1 percent.

Buena Park ZIP 90621 — 136 homes sold in the latest period vs. 194 last year. That’s a sales loss of 30 percent. Median of $535,750 vs. $ 505,000 in ’16, a gain of 6.1 percent.

Here are six countywide trends to ponder, first half 2017 vs. first half 2016 …

1. Prices rose in 70 of 83 Orange County ZIPs. Sales rose in 50 of the 83.

2. In the 27 least expensive ZIPs — median price at $597,500 and below -– 5,258 homes sold. That’s up 0.8 percent.

3. In the 27 priciest ZIPs — median price of $755,000-plus -– 6,431 homes sold. That’s up 5.7 percent.

4. In nine ZIPs with medians above $1 million, sales totaled 1,256 homes, up 7.8 percent.

5. In 16 beach-close ZIPs, 3,158 homes sold, up 3.27 percent.

6. There were 10 ZIPs with median prices under $500,000 with total sales of 1,799 homes. A year ago, 18 ZIPs had medians under $500,000 with 2,793 sales.

DID YOU SEE? It’s been 10 years since Orange County’s housing bubble … or … Half of us rent: L.A.-Orange County homeownership rate 2nd lowest in U.S.

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