Orange County
INCLUDES ORANGE COUNTY PRIME MARKETS: NEWPORT BEACH, LAGUNA BEACH, DANA POINT, AND NEWPORT COAST
SINGLE-FAMILY RESIDENCES
2019 Market Overview Home sales in Orange County’s prime coastal markets—Dana Point, Laguna Beach, Newport Beach, and Newport Coast— strengthened in 2019 following a pullback in closings the previous year. A strong second half of home buying—boosted by a downward correction in home prices—helped the market rebound after a slow start to the year. Laguna Beach and Newport Beach recorded the strongest year-over-year increase in home sales with the latter also seeing an upward movement
in home prices. While tighter inventory conditions compared to a year ago have placed moderate upward pressure on list prices, they were below peak levels.
Inventory
YEAR
SALES
MEDIAN PRICE
MEDIAN PPSF
SOLD VS. LIST
MEDIAN DOM
YEAR
ACTIVE UNITS
MEDIAN PRICE
MEDIAN PPSF
MONTHS OF INVENTORY
2019
1,389
$2,000,000
$842
-4.1%
46
2019
745
$2,995,000
$997
6.4
YoY
3.9%
-2.6%
-0.3%
-
9.5%
YoY
-5.5%
5.1%
2.8%
25.2%
2018
1,337
$2,053,702
$845
-4.1%
42
2018
788
$2,850,000
$971
7.1
2017
1,479
$1,990,000
$800
-3.9%
49
2017
686
$2,965,000
$999
5.6
2016
1,446
$1,822,500
$767
-3.8%
70
2016
738
$2,717,500
$922
6.1
70
2015
612
$2,499,500
$882
5.1
2015
1,429
$1,775,000
$729
-3.8%
1,400
$3,500,000
1,200
$3,000,000
1,000
$2,500,000
800
$2,000,000
600
$1,500,000
400
$1,000,000
200
$500,000
0
$0 Q3-15
Q4-15
Q1-16
Q2-16
Q3-16
Q4-16
Sales
Q1-17 Active Units
Sales by Price Range
Q1-18
Median Sale Price
Q2-18
Q3-18
Q4-18
Q1-19
Q2-19
Q3-19
Q4-19
Median Active Price
519 478
100
41
60 48
62
65 52
34 26
24
20 32
44
96
76
75
115
40
40
60
2019
176
142
165
164
2018
55
63
320
311
80
300
0
Q4-17
120
400
100
Q3-17
Median DOM by Price
600 500
Q2-17
114
Q2-15
94
Q1-15
200
Price
5 Year History
Units
+ THE AGENCY REPORT 2019
Sales
0
$0 - $999,999 $1,000,000 - $2,000,000 - $3,000,000 - $4,000,000 - $5,000,000 - $10,000,000 $1,999,999 $2,999,999 $3,999,999 $4,999,999 $9,999,999 +
$0 - $999,999 $1,000,000 - $2,000,000 - $3,000,000 - $4,000,000 - $5,000,000 - $10,000,000 + $1,999,999 $2,999,999 $3,999,999 $4,999,999 $9,999,999
2018 2019