County, CA city has the most affordable housing? Which city
has the lowest prices for leasing? Which city has the most
expensive single family homes? I created several charts to
help answer these questions. For all of the charts I used
year-to-date sales for 2013, for closed sales and leases. For
condos (attached housing) I looked at 2 bedroom condos with
700 to 1,200 square feet. For average single family homes I
used 3 bedroom units with 1,500 to 2.500 square feet. Luxury
level homes had 4+ bedrooms and 3,000 to 5,00 square feet. For
leases, I complied charts for both monthly rental cost and
number of available homes for lease. It's not surprising that
the most expensive homes are on the coast. A few surprises
however with the more affordable housing in San Juan
Capistrano (condos), Anaheim Hills (single family homes) and
Lake Forest (luxury level homes).
County housing prices for condos
chart was compiled from closed homes sales in Orange County
for 2013, using attached homes (condominiums), 2 bedrooms,
between 700 and 1.200 square feet. Santa Ana, Placentia,
Anaheim, and Westminister have the most affordable condos in
the north part of the county, while San Juan Capistrano looks
like the best bargain in south OC. Laguna Beach and Corona del
Mar have the most expensive condos in OC.
County housing prices for average single family homes
this chart I used an "average" single family homes
with 3 bedrooms and between 1,500 and 2,500 square feet.
Anaheim has the most affordable homes while Corona del Mar has
the most expensive. Anaheim Hills, Brea, and Fullerton look
like good buys in the north part of the county, while Rancho
Santa Margarita looks like a good value in south county.
Orange County housing prices
for luxury level single family homes
This chart was
complied form home sales for 2013 using luxury level homes. I
defined these as single family homes with 4 + bedrooms and
3,000 to 5,000 square feet. Anaheim has the most affordable
luxury level homes while Laguna Beach has the most expensive.
Lake Forest and Rancho Santa Margarita look like good values
in the south part of the county. Brea, Placentia, and
Westminister are among the least expensive in the north part
of the county.
County home lease prices
chart shows average monthly rental cost for
homes in major OC cities. The statistics were pulled for
"average" homes (3 bedrooms, 1,500 to 2,500 square
feet, both condos and single family homes) from both closed
leases and actively listed homes in 2013. The city of Laguna
Beach has the highest average lease cost, followed by Corona
del Mar, Newport Coast and Newport Beach. The cities of Dana
Point and Coto de Caza also surpass the $3,000 per month
average rental cost. The lowest cost leases appear to be in
Anaheim, Fullerton, Orange, and Laguna Hills.
The next chart
shows the number of homes available for
lease during the same period. The highest number
leases in OC are available in the city of Irvine, followed by
Laguna Niguel, Aliso Viejo, Dana Point, and Mission Viejo. Far
fewer leases are available in Coto de Caza, Brea, Laguna
Hills, San Juan Capistrano, and Newport Coast.
I hope you found
these home price statistics to be helpful! Please call me if
you are interested in finding a home in Orange County,