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    Real Estate Sales Up in OC’s Million-Dollar Zip Codes

    Home owners ready to list their luxury home in one of Orange County, California’s million-dollar zip codes deserve real estate marketing at the highest level. Because the stakes are so high, it is important to work with an exceptional Realtor who can sell your exceptional property. According to a recent report in the ocregister.com that looked at the OC’s million-dollar zip codes, home sales are up 20 percent in the prestigious areas. The article cited housing data by CoreLogic. In OC’s most exclusive zip codes, there were 218 sales in May compared to 181 a year ago. The median selling price was more than $1 million. If you are curious about what your particular home could sell for, talk to the Brad Feldman Group. Looking at all of OC (not just the million-dollar zip codes), the median selling price is about $600,000, a 1.5 percent increase from one year ago. If you are wondering what your neighbor’s homes sold for, the CoreLogic report proved enlightening.

    Zip Code: 92651 (Laguna Beach)

    According to CoreLogic, there were 51 homes sold, which is up 8.5 percent in one year for Laguna Beach’s zip code 92651. The median sales price was $1.73 million, which is down 9.2 percent from one year ago.

    Zip Code: 92663 (Newport Beach)

    In Newport Beach, 36 properties sold, which is up 5.9 percent in one year. The median price was $1.6 million, which indicates an uptick of 15.1 percent compared to one year ago.

    Zip Code: 92660 (Newport Beach)

    In Newport Beach’s 92660 zip code, 62 homes sold. The homes sold represents a 59 percent increase compared to one year ago. In this zip code, the median price was $1.38 million. The price is 4.6 percent compared to one year ago.

    Zip Code: 92657 (Newport Coast)

    In Newport Coast, 27 homes sold, which is an increase of 35 percent in one year. The median price of homes here is $2.6 million. Values went up 39.8 percent in just one year.

    Zip Code: 92662 (Newport Beach)

    In this zip code, only 2 sold, which is down 33.3 percent in one year. However, there aren’t a lot of properties in this area. The median sales price was an above-average $2.66 million, which is a big increase of 15.7 percent from one year ago.

    Zip Code: 92861 (Villa Park)

    In Villa Park, 10 properties sold, which is up a huge 150 percent in one year. The median home price is $1.29 million representing a 10.3 percent increase from one year ago.

    Zip Code: 92625 (Corona del Mar)

    In Corona del Mar, 23 properties sold, which is down 8 percent in one year. Here, the median price is $1.7 million, up a mere 3 percent from one year ago.

    Zip Code: 92661 (Newport Beach)

    In this zip code, 7 homes sold, which is down 22 percent in a year. The median sales price is $2.91 million, which is up a sharp 38.7 percent from one year ago.

    The Brad Feldman Group is here to help you list your luxury property with our expertise and negotiation skills. We specialize in high-end marketing. To buy or sell in the million-dollar zip codes of Orange County, California, please contact us.

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