Oranggye County - Uniti Realty · 2013. 4. 2. · Laguna Beach city 16,500 4.9% Laguna Hills city 18,100 5.7% Laguna Niguel cityLaguna Niguel city 38 10038,100 53%5.3% Laguna Woods

Orange Countyg yMarch 2013

Economic Profile

The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this report by any means, including facsimile or computerized formats. Copyright © 2012 CALIFORNIA ASSOCIATION OF REALTORS®g p py g

County Profile

Characteristic Statistic State Rank2012 Population Estimate 3,055,792 3

% Population Change 2000-2010 5.8% 38

% Population Change 1990-2000 18.1% 19

% White 2012 45.6%

% Hispanic 2012 39.8%

% Black 2012 1.5%

% Asian & Pacific Islander 2012 18.0%

2010 Per Capita Income $31,373

2010 Median Household Income $70,880

2010 Median Age 36.12010 Median Age 36.1

Land Area Square Miles 789 47

2009 Total Establishments 87,483 2

2010 Civilian Employment 1 414 260

SOURCE: U.S. Census Bureau, CA Dept. of Finance, 2009 County Business Patterns

2010 Civilian Employment 1,414,260

Sales of Existing Detached Homes and Pacific West Consumer ConfidenceOrange County, January 2013: 1,202 Units, Up 22.3% YTD, Up 22.3% YTY

1403,000 Sales Consumer ConfidenceINDEXUNITS

100

120

2,000

2,500

60

801,500

20

40

500

1,000

0

20

0

500

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;The Conference Board

Sales of Existing Detached HomesOrange County, 2011: 15,529 Units, Down 5.0% YTY

MONTHLYANNUAL30,000 2,000

25,000

1 400

1,600

1,800

15,000

20,000

1,000

1,200

1,400

10,000

400

600

800

0

5,000

0

200

400

2010 2011 2012 2013

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Median Price of Existing Detached HomesOrange County, January 2013: $566,500, Up 17.2% YTY

$800 000

$900,000

$600,000

$700,000

$800,000

$400,000

$500,000

$600,000

$200,000

$300,000

$0

$100,000


Median Price Annual ComparisonOrange County, 2011: $512,500, Down 6.2% YTY

ANNUAL MONTHLY$800,000 $700,000

$600,000

$700,000

$500,000

$600,000

$400,000

$500,000 $400,000

$500,000

$200,000

$300,000

$200,000

$300,000

$-

$100,000

$0

$100,000

n b r r y n l g t t v c

2010 2011 2012 2013


Jan

Feb

Mar Ap

rM

ay Jun

Ju Aug

Sep

tO

ctN

ovD

ec

Median Home Sales PriceOrange County

Jan‐13 Jan‐12Yearly % Change

ALISO VIEJO $399,000 $377,500 5.7%ALISO VIEJO $399,000 $377,500 5.7%ANAHEIM $370,000 $320,000 15.6%BREA $475,000 $400,000 18.8%BUENA PARK $382,500 $331,000 15.6%CAPISTRANO BEACH $645,500 $385,000 67.7%CORONA DEL MAR $1,487,500 $1,340,000 11.0%COSTA MESA $492,000 $424,000 16.0%CYPRESS $501,500 $325,000 54.3%DANA POINT $615,000 $585,000 5.1%FOOTHILL RANCH $270,000 $303,500 ‐11.0%FOUNTAIN VALLEY $545 000 $472 500 15 3%FOUNTAIN VALLEY $545,000 $472,500 15.3%FULLERTON $420,000 $367,000 14.4%GARDEN GROVE $360,000 $335,000 7.5%

SOURCE: DataQuick Information Systems. The price statistics are derived from all types of home sales -- new and existing, condos and single-family.

Median Home Sales Price Cont.Orange County


HUNTINGTON BEACH $565 000 $480 000 17 7%HUNTINGTON BEACH $565,000 $480,000 17.7%IRVINE $610,000 $515,000 18.5%LA HABRA $375,000 $327,500 14.5%LA PALMA $573,500 $515,000 11.4%LADERA RANCH $470,000 $515,000 ‐8.7%LAGUNA BEACH $1,422,500 $875,000 62.6%LAGUNA HILLS $492,250 $417,500 17.9%LAGUNA NIGUEL $525,000 $528,500 ‐0.7%LAKE FOREST $422,500 $248,000 70.4%LOS ALAMITOS $720,000 $572,500 25.8%

$ $ %MISSION VIEJO $509,000 $430,750 18.2%NEWPORT BEACH $1,200,000 $790,000 51.9%NEWPORT COAST $1,650,000 $1,432,500 15.2%


Median Home Sales Price Cont.Orange County


ORANGE $405 000 $373 000 8 6%ORANGE $405,000 $373,000 8.6%PLACENTIA $489,500 $422,500 15.9%RANCHO SANTA MARGARITA $377,000 $285,000 32.3%SAN CLEMENTE $650,000 $550,000 18.2%SAN JUAN CAPISTRANO $553,000 $419,500 31.8%SANTA ANA $335,000 $277,000 20.9%SEAL BEACH $542,500 $605,000 ‐10.3%STANTON $273,500 $239,000 14.4%TRABUCO CANYON $652,500 $600,000 8.8%TUSTIN $526,000 $400,000 31.5%

$ 080 000 $ 0 000 96 %VILLA PARK $1,080,000 $550,000 96.4%WESTMINSTER $382,500 $379,000 0.9%YORBA LINDA $589,000 $495,000 19.0%ORANGE COUNTY $460 000 $392 000 17 4%


ORANGE COUNTY $460,000 $392,000 17.4%

Unsold Inventory IndexOrange County, January 2013: 3.5 Months

0


Note: The Unsold Inventory Index represents the number of months it would take to deplete the remaining inventory at the end of a particular month with the sales rate of the month in consideration. Inventory includes listings with “Active”, “Pending”, and “Contingent” (when available) statuses.

Unsold Inventory By Price RangeOrange County Existing Homes Jan. 2012 vs. Jan. 2013

Last Year This Year

$1,000K+13.7

9.0

8.5

$750-1000K

$500-750K

9.0

7.7

4.1

2.7

$300-500K6.6

6.8

2.5

0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0

$0-300K6.8

2.3


Note: The Unsold Inventory Index represents the number of months it would take to deplete the remaining inventory at the end of a particular month with the sales rate of the month in consideration. Inventory includes listings with “Active”, “Pending”, and “Contingent” (when available) statuses.

Median Time on the MarketOrange County - Single-Family Homes, Jan. 2013: 55.1 Days

120

DAYS ON THE MARKET

80

100

60

80

20

40

0


Median Time on the MarketOrange County - Single-Family Homes, 2012 Q4: 56.0 Days

90

100

DAYS ON THE MARKET

70

80

90

40

50

60

20

30

40

0

10


ForeclosuresOrange County

4,500

3,000

3,500

4,000

2,000

2,500

3,000

1,000

1,500

0

500

SOURCE: Real Estate Research Council

Ratio of Foreclosures to Home SalesOrange County

45%

30%

35%

40%

20%

25%

30%

10%

15%

20%

0%

5%

SOURCE: Real Estate Research Council

1994 1996 1998 2000 2002 2004 2006 2008 2010 2012

Mortgage Rates

7%

8% FRM ARM Federal Funds

5%

6%

3%

4%

1%

2%

0%

SOURCE: Federal Home Loan Mortgage Corporation

Housing Affordability IndexOrange County, 4th Quarter 2012: 34%

40%

% OF HOUSEHOLDS THAT CAN BUY

30%

35%

20%

25%

5%

10%

15%

0%

5%


First-time Buyer Housing Affordability IndexOrange County, 4th Quarter 2012: 57%

% OF HOUSEHOLDS THAT CAN BUY70%

% OF HOUSEHOLDS THAT CAN BUY

50%

60%

30%

40%

10%

20%

0%

10%


Nonfarm EmploymentOrange County, December 2012: Up 1.0% YTY

4%ANNUAL PERCENT CHANGE

0%

2%

-4%

-2%

8%

-6%

-10%

-8%

SOURCE: CA Employment Development Division

Unemployment RateOrange County, December 2012: 6.8%

12%

8%

10%

6%

2%

4%

0%

SOURCE: CA Employment Development Division

Unemployment RateOrange County – December 2012

Area Name Labor Force RateAliso Viejo CDP 28,300 3.5%j ,Anaheim city 177,300 8.7%Brea city 21,700 4.6%Buena Park city 42,800 8.5%C t M it 67 500 6 0%Costa Mesa city 67,500 6.0%Coto de Caza CDP 7,000 2.9%Cypress city 27,600 7.1%Dana Point city 22,600 4.9%Dana Point city 22,600 4.9%Foothill Ranch CDP 6,900 2.2%Fountain Valley city 33,300 5.6%Fullerton city 72,100 7.6%Garden Grove city 86,000 8.5%Huntington Beach city 123,800 5.5%Irvine city 84,800 5.1%

SOURCE: CA Employment Development DepartmentCCD Census County DivisionCDP Census Designated Place


Area Name Labor Force RateLa Habra city 32,100 7.6%La Palma city 9,100 7.5%Laguna Beach city 16,500 4.9%Laguna Hills city 18,100 5.7%Laguna Niguel city 38 100 5 3%Laguna Niguel city 38,100 5.3%Laguna Woods city 2,700 9.3%Lake Forest city 37,300 4.7%Las Flores CDP 3,600 3.3%Los Alamitos city 6,800 3.7%Mission Viejo city 55,800 4.9%Newport Beach city 45,300 4.2%Orange city 74 000 6 2%Orange city 74,000 6.2%Placentia city 28,400 6.0%Portola Hills CDP 4,100 3.7%



Area Name Labor Force RateRancho Santa Margarita city 29,500 4.3%g y ,Rossmoor CDP 5,600 4.1%San Clemente city 29,700 5.5%San Juan Capistrano city 17,900 6.0%p ySanta Ana city 162,100 10.8%Seal Beach city 11,500 4.9%Stanton city 18,700 11.0%Tustin city 42,400 6.7%Tustin Foothills CDP 13,500 4.3%Villa Park city 3,500 3.9%Westminster city 46,800 7.5%Yorba Linda city 35,900 4.5%Orange County 1,624,200 6.8%


Taxable SalesOrange County

ANNUAL PERCENT CHANGE

10%

0%

5%

-5%

0%

15%

-10%

-20%

-15%

SOURCE: CA State Board of Equalization

New Housing PermitsOrange County, December 2012: 599 Units, Up 42.8% YTD

1,600 Single Family Multi-Family

1,200

1,400

800

1,000

400

600

0

200

SOURCE: Construction Industry Research BoardNote: Current data is not available.

Median Price for New HomesOrange County 4Q12, Detached: $701,670 • Attached: $447,500

$1,400,000 Detached Attached

$1,000,000

$1,200,000

$600,000

$800,000

$200 000

$400,000

$0

$200,000

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®; Hanley Wood

New Home SalesOrange County (Attached), 2012 Q4 Sales: 202 Units

1,200

800

1,000

600

800

200

400

0

200

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;Hanley Wood

New Home SalesOrange County (Detached), 2012 Q4 Sales: 384 Units

800

600

700

400

500

200

300

0

100

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®; Hanley Wood

Asking Rents for Class A&B ApartmentsOrange County, 2012 Q4: $1,637, Up 4.9% YTY

$1,800

$1 200

$1,400

$1,600

$800

$1,000

$1,200

$400

$600

$0

$200

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®; REALFACTS

Vacancy Rates for Class A&B ApartmentsOrange County, 2012 Q4: 4.8%

VACANCY RATE

8%

6%

7%

4%

5%

2%

3%

0%

1%

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®; REALFACTS

Population Percent ChangesOrange County (1971-2011)

4 5%

5.0% Orange County CA Nation

3.5%

4.0%

4.5%

2 0%

2.5%

3.0%

1.0%

1.5%

2.0%

0.0%

0.5%

SOURCE:U.S. Census Bureau; California Department of Finance; CALIFORNIA ASSOCIATION OF REALTORS®

Sources of Population GrowthOrange County (1981-2011)

THOUSANDS

60 Net Migration Natural Increase

30

40

50

10

20

30

-10

0

10

-30

-20

SOURCE: CA Department of Finance

Net Immigration Vs. Domestic MigrationOrange County

40Net Immigration Domestic Migration

THOUSANDS

20

-20

0

60

-40

-80

-60

SOURCE: CA Department of Finance

Household RelocationsOrange County

County Outflow Inflow Net OutflowLos Angeles County, CA 15,148 19,127 -3,979Riverside County CA 8 205 5 963 2 242Riverside County, CA 8,205 5,963 2,242San Diego County, CA 3,156 3,058 98San Bernardino County, CA 3,156 2,997 159Santa Clara County, CA 598 599 -1Alameda County, CA 450 424 26Ventura County, CA 417 457 -40Sacramento County, CA 347 319 28K C t CA 310 324 14Kern County, CA 310 324 -14Contra Costa County, CA 272 272 0Total-Top 10 32,059 33,540 -1,481All Migration 52 541 50 573 1 968All Migration 52,541 50,573 1,968Total Number of Households 1,048,907

Top 10 as % of All Households -0.1%All Net Mig as % of All Households 0.2%

Source: NAR Relocation Report 2010 – IRS Data; Item 187-06059, US Census Bureau

Where are new Orange County households coming from?g

•Los Angeles (19,127)g ( , )•Riverside (5,963)•San Diego (3,058)•San Bernardino (2,997)•Santa Clara (599)T t l i i f 2010 50 573•Total incoming for 2010: 50,573

•Total outgoing for 2010: 52,541

Source: NAR Relocation Report 2010 – IRS Data; Item 187-06059

Net Immigration by Ethnic GroupOrange County (1990 Census to 2000 Census)

Bl k Af A N Hi

Amer. Indian & Alaska Native, Non-Hisp.

Asian/Pacific Islander

Black or Afr. Amer., Non-Hisp.

Hispanic

200 000 100 000 0 100 000 200 000

White, Non-Hispanic

SOURCE: CA Dept. of Finance

-200,000 -100,000 0 100,000 200,000

Number of Households by EthnicityOrange County (2000 Census vs. 2010 Census)

2010 2000

Black

Asian/Pacific Islander

Hispanic

White

SOURCE: U.S. Census Bureau

0 100,000 200,000 300,000 400,000 500,000 600,000 700,000

Top 10 Home Buyer SurnamesOrange County

NGUYENNGUYEN

TRAN

LEE

KIM

PHAM

CHENCHEN

CHANG

VU

WANG

PARK

SOURCE: DataQuick Information Systems

Note: Data is based on 2010 data.0 100 200 300 400 500

Population by Age GroupOrange County (2000-2010)

700,0002000 2010

500 000

600,000

400,000

500,000

200,000

300,000

0

100,000

SOURCE: California Department of Finance; CALIFORNIA ASSOCIATION OF REALTORS®

0-14 15-24 25-34 35-44 45-54 55-64 65-74 75+

Homeownership RatesOrange County, 2004: 61.4%

70%

50%

60%

30%

40%

20%

30%

0%

10%

SOURCE: U.S. Census Bureau

Homeownership Rates by AgeOrange County (2000 Census)

90% 82% 80%

70%

80%

90%

70%

78%82% 80%

69%

50%

60%

36%

59%

20%

30%

40%

13%

36%

0%

10%

20% 13%

SOURCE: California Department of Finance; CALIFORNIA ASSOCIATION OF REALTORS®

15-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Documents

Oranggye County - Uniti Realty · 2013. 4. 2. · Laguna Beach city 16,500 4.9% Laguna Hills city 18,100 5.7% Laguna Niguel cityLaguna Niguel city 38 10038,100 53%5.3% Laguna Woods