Homebuying in Newport Beach in the third quarter managed to keep pace with countywide sales activity even though the city is home to Orange County’s six priciest ZIP codes.
Using CoreLogic data, we compared sales patterns for all residences in the July-to-September period vs. a year ago. Sales in Newport Beach rose as 433 residences were purchased this year vs. 424 a year ago. That’s a gain of 2.1 percent vs. an increase of 2.2 percent countywide.
Neighborhood trends in Newport Beach for the summer quarter from CoreLogic’s report, ranked by median sales price:
Newport Beach ZIP 92662, Orange County’s priciest: 10 homes sold vs. 6 a year ago. That’s a sales gain of 67 percent. Median of $3.12 million vs. $2.4 million a year ago, a gain of 30 percent.
Newport Beach ZIP 92661, O.C.’s No. 2: 17 homes sold, same as a year ago. Median of $3.03 million vs. $1.86 million a year ago, a gain of 62 percent.
Newport Coast ZIP 92657 — 63 homes sold vs. 80 a year ago. That’s a sales loss of 21.3 percent. Median of $2.72 million vs. $2.62 million a year ago, a gain of 3.9 percent. That median ranked No. 3 highest out of Orange County’s 83.
Corona del Mar ZIP 92625 — 79 homes sold vs. 73 a year ago. That’s a sales gain of 8.2 percent. Median of $2.15 million vs. $2.23 million a year ago, a loss of 3.3 percent. That median ranked fourth out of 83.
Newport Beach ZIP code 92660 — 162 homes sold in the period vs. 163 a year ago. That’s a sales loss of 0.6 percent. Median selling price of $1.8 million vs. $1.6 million a year ago, a gain of 12.5 percent. No. 5 median out of 83 Orange County ZIPs.
Newport Beach ZIP 92663 — 102 homes sold vs. 85 a year ago. That’s a sales gain of 20 percent. Median of $1.75 million vs. $1.45 million a year ago, a gain of 20.6 percent. No. 6 countywide out of 83.
Eight countywide trends from the summer quarter vs. 2016:
1. Prices were up in 75 of 83 Orange County ZIP codes compared to the previous year.
2. Sales rose in 38 of 83 ZIPs vs. year-ago period.
3. Builder sales were up 16.7 percent from a year ago.
4. In the 27 least expensive ZIP codes — median sales price at $610,000 and below — sales fell 1.9 percent compared to a year ago.
5. In the 27 priciest ZIPs — median sales price beginning at $775,000 and higher — sales rose 10.7 percent vs. a year ago.
6. In the nine Orange County ZIP codes with median above $1 million, sales totaled 693 homes, up 3.27 percent vs. a year ago.
7. In the county’s 16…