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Orange County June 2012 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®
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Page 1: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Orange Countyg yJune 2012

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

Page 2: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

County Profile

Characteristic Statistic State Rank

2012 Population Estimate 3,055,792 3

% Population Change 2000-2010 5.8% 38

% Population Change 1990-2000 18.1% 19

% White 2012 45 6%% White 2012 45.6%

% Hispanic 2012 39.8%

% Black 2012 1.5%

% A i & P ifi I l d 2012 18 0%% Asian & Pacific Islander 2012 18.0%

2010 Per Capita Income $31,373

2010 Median Household Income $70,880

2010 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

Page 3: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Sales of Existing Detached Homes and Pacific West Consumer ConfidenceOrange County, April 2012: 1,560 Units, Up 10.5% YTD, Up 19.2% YTY

3000 160

Sales Consumer Confidence INDEXUNITS

2500

120

140

1500

2000

80

100

500

1000

40

60

0

500

-90

-91

-92

-93

-94

-95

-96

-97

-98

-99

-00

-01

-02

-03

-04

-05

-06

-07

-08

-09

-10

-11

-12

0

20

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;The Conference Board

Page 4: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

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

UNITS

30,000 2,000

MONTHLYANNUAL

25,0001,600

1,800

15,000

20,000

1,000

1,200

1,400

10,000600

800

20082009

0

5,000

9 1 3 5 7 9 1 3 5 7 9 1 0

200

4002009201020112012

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

2011 0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov Dec

Page 5: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Median Price of Existing Detached HomesOrange County, April 2012: $513,950, Down 3.1% YTY

$900,000

$600 000

$700,000

$800,000

$400,000

$500,000

$600,000

$200,000

$300,000

$0

$100,000

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12

Jan-

9

Jan-

9Ja

n-9

Jan-

9Ja

n-9

Jan-

9

Jan-

9Ja

n-9

Jan-

9Ja

n-9

Jan-

0

Jan-

0Ja

n-0

Jan-

0Ja

n-0

Jan-

0

Jan-

0Ja

n-0

Jan-

0Ja

n-0

Jan-

1

Jan-

1Ja

n-1

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Page 6: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

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

$800,000 $900,000

ANNUAL MONTHLY

$600,000

$700,000

$700,000

$800,000

$400,000

$500,000

$500,000

$600,000

$200,000

$300,000

$300,000

$400,000

2008

$-

$100,000

89 92 95 98 01 04 07 10 $

$100,000

$200,000 2009201020112012

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

198

199

199

199

200

200

200

201 $-

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov Dec

Page 7: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Median Home Sales PriceOrange County

Apr-11 Apr-12 Yearly % Change

ALISO VIEJO $406,000 $350,000 -13.8%$ $ANAHEIM $328,750 $340,750 3.7%

BREA $450,000 $505,000 12.2%BUENA PARK $345,000 $339,000 -1.7%CAPISTRANO BEACH $413 500 $812 000 96 4%CAPISTRANO BEACH $413,500 $812,000 96.4%CORONA DEL MAR $1,519,000 $1,362,500 -10.3%COSTA MESA $457,000 $450,000 -1.5%CYPRESS $495 000 $378 500 23 5%CYPRESS $495,000 $378,500 -23.5%DANA POINT $640,000 $460,000 -28.1%FOOTHILL RANCH $212,000 $463,000 118.4%FOUNTAIN VALLEY $500 000 $475 000 5 0%FOUNTAIN VALLEY $500,000 $475,000 -5.0%FULLERTON $338,000 $373,500 10.5%GARDEN GROVE $350,000 $316,000 -9.7%HUNTINGTON BEACH $525 250 $499 000 -5 0%HUNTINGTON BEACH $525,250 $499,000 -5.0%

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

Page 8: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Median Home Sales Price Cont.Orange County

Apr-11 Apr-12 Yearly % Change

IRVINE $518,500 $525,000 1.3%$ $LA HABRA $302,500 $283,000 -6.5%

LA PALMA $492,750 $522,500 6.0%LADERA RANCH $487,000 $431,000 -11.5%LAGUNA BEACH $911 500 $1 230 000 34 9%LAGUNA BEACH $911,500 $1,230,000 34.9%LAGUNA HILLS $450,000 $460,000 2.2%LAGUNA NIGUEL $550,000 $525,000 -4.6%LAKE FOREST $405 000 $391 250 3 4%LAKE FOREST $405,000 $391,250 -3.4%LOS ALAMITOS $677,000 $610,000 -9.9%MIDWAY CITY $320,000 $329,000 2.8%MISSION VIEJO $435 000 $425 500 2 2%MISSION VIEJO $435,000 $425,500 -2.2%NEWPORT BEACH $997,500 $1,175,000 17.8%NEWPORT COAST $1,510,000 $1,185,000 -21.5%ORANGE $417 000 $410 750 -1 5%

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

ORANGE $417,000 $410,750 -1.5%

Page 9: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Median Home Sales Price Cont.Orange County

Apr-11 Apr-12 Yearly % Change

RANCHO SANTA MARGARITA $350,000 $357,750 2.2%$ $SAN CLEMENTE $602,500 $651,750 8.2%

SAN JUAN CAPISTRANO $286,797 $315,000 9.8%SANTA ANA $295,000 $293,000 -0.7%SEAL BEACH $860 000 $622 500 27 6%SEAL BEACH $860,000 $622,500 -27.6%SILVERADO $453,000 $330,000 -27.2%STANTON $280,000 $213,000 -23.9%TRABUCO CANYON $645 000 $567 000 12 1%TRABUCO CANYON $645,000 $567,000 -12.1%TUSTIN $490,000 $420,000 -14.3%VILLA PARK $1,027,500 $1,050,000 2.2%WESTMINSTER $426 000 $370 000 13 2%WESTMINSTER $426,000 $370,000 -13.2%YORBA LINDA $610,000 $530,000 -13.1%ORANGE COUNTY $430,000 $420,000 -2.3%

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

Page 10: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Unsold Inventory IndexOrange County, April 2012: 4.8 Months

25

MONTHS

20

10

15

5

0

Jan-

92

Jan-

93

Jan-

94

Jan-

95

Jan-

96

Jan-

97

Jan-

98

Jan-

99

Jan-

00

Jan-

01

Jan-

02

Jan-

03

Jan-

04

Jan-

05

Jan-

06

Jan-

07

Jan-

08

Jan-

09

Jan-

10

Jan-

11

Jan-

12

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

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.

Page 11: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Unsold Inventory By Price RangeOrange County Existing Homes April 2011 vs. April 2012

13.2$

Months Supply

13.2

8.0

9.6

5.5

$1,000K+

$750-1000K

ands

)

6.9

5.5

3.9$500-750K

ange

(Tho

usa

Last Year

This Year

6.13.2

$300-500K

Pric

e R

a

7.54.6

0 2 4 6 8 10 12 14

$0-300K

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

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.

Page 12: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

ForeclosuresOrange County

4000

4500

3000

3500

4000

2000

2500

1000

1500

0

500

1/89

1/90

1/91

1/92

1/93

1/94

1/95

1/96

1/97

1/98

1/99

1/00

1/01

1/02

1/03

1/04

1/05

1/06

1/07

1/08

1/09

1/10

1/11

1/12

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

SOURCE: Real Estate Research Council

Page 13: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Ratio of Foreclosures to Home SalesOrange County

45%

35%

40%

45%

25%

30%

10%

15%

20%

0%

5%

10%

4 5 6 7 8 9 0 2 3 4 5 6 7 8 9 0

1994

1995

1996

1997

1998

1999

2000

2001

200 2

2003

2004

2005

2006

2007

2008

2009

2010

2011

SOURCE: Real Estate Research Council

Page 14: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Median Time on the MarketOrange County - Single-Family Homes, April 2012: 61.7 Days

120

80

100

60

20

40

0

an-8

9an

-90

an-9

1

an-9

2an

-93

an-9

4an

-95

an-9

6an

-97

an-9

8an

-99

an-0

0an

-01

an-0

2an

-03

an-0

4an

-05

an-0

6an

-07

an-0

8an

-09

an-1

0an

-11

an-1

2

Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Page 15: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Median Time on the MarketOrange County - Single-Family Homes, 2012 Q1: 76.3 Days

120

80

100

60

20

40

0

/88

/89

/90

/91

/92

/93

/94

/95

/96

/97

/98

/99

/00

/01

/02

/03

/04

/05

/06

/07

/08

/09

/10

/11

/12

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Page 16: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Asking Rents for Class A&B ApartmentsOrange County, 2012 Q1: $1,578, Up 4.8% YTY

$1,600

$1,700

$

$1,300

$1,400

$1,500

$

$1,000

$1,100

$1,200

$

$700

$800

$900

$400

$500

$600

91 94 96 97 98 99 99 00 01 02 02 03 04 05 05 06 07 08 08 09 10 11 11

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®; REALFACTS

199

199

Q2/

9

Q3/

9

Q2/

9

Q1/

9

Q4/

9

Q3/

0

Q2/

0

Q1/

0

Q4/

0

Q3/

0

Q2/

0

Q1/

0

Q4/

0

Q3/

0

Q2/

0

Q1/

0

Q4/

0

Q3/

0

Q2/

1

Q1/

1

Q4/

1

Page 17: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Vacancy Rates for Class A&B ApartmentsOrange County, 2012 Q1: 5.2%

8%

VACANCY RATE

6%

7%

4%

5%

2%

3%

0%

1%

90 94 96 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®; REALFACTS

19 19 Q4/

Q1/

Q1/

Q1/

Q1/

Q1/

Q1/

Q1/

Q1/

Q1/

Q1/

Q1/

Q1/

Q1/

Q1/

Q1/

Page 18: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Mortgage Rates

9%

10%

6%

7%

8%

4%

5%

6%

2%

3% FRMARMFederal Funds

0%

1%

n-91

n-92

n-93

n-94

n-95

n-96

n-97

n-98

n-99

n-00

n-01

n-02

n-03

n-04

n-05

n-06

n-07

n-08

n-09

n-10

n-11

n-12

SOURCE: Federal Home Loan Mortgage Corporation

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Page 19: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Housing Affordability IndexOrange County, 1st Quarter 2011: 39%

60%

% OF HOUSEHOLDS THAT CAN BUY

50%

60%

QTRLYMonthly

30%

40%

10%

20%

0%

10%

n-88

n-89

n-90

n-91

n-92

n-93

n-94

n-95

n-96

n-97

n-98

n-99

n-00

n-01

n-02

n-03

n-04

n-05 ---

-

08.4

11.4

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

200

201

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Page 20: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

First-time Buyer Housing Affordability IndexOrange County, 1st Quarter 2012: 62%

100%% OF HOUSEHOLDS THAT CAN BUY

70%80%90%

40%50%60%

20%30%40%

0%10%

/03

3/03 /04

3/04 /05

3/05 /06

3/06 /07

3/07 /08

3/08 /09

3/09 /10

3/10 /11

3/11 /12

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Page 21: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Nonfarm EmploymentOrange County, April 2012: Up 1.8% YTY

Y-T-Y PERCENT CHANGE

2%

4%

6%

-2%

0%

-8%

-6%

-4%

-10%

Jan-

91

Jan-

92

Jan-

93

Jan-

94

Jan-

95

Jan-

96

Jan-

97

Jan-

98

Jan-

99

Jan-

00

Jan-

01

Jan-

02

Jan-

03

Jan-

04

Jan-

05

Jan-

06

Jan-

07

Jan-

08

Jan-

09

Jan-

10

Jan-

11

Jan-

12

J J J J J J J J J J J J J J J J J J J J J J

SOURCE: CA Employment Development Division

Page 22: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Unemployment RateOrange County, April 2012: 7.4%

12%

8%

10%

6%

2%

4%

0%

an-9

0an

-91

an-9

2an

-93

an-9

4an

-95

an-9

6an

-97

an-9

8an

-99

an-0

0an

-01

an-0

2an

-03

an-0

4an

-05

an-0

6an

-07

an-0

8an

-09

an-1

0an

-11

an-1

2

J J J J J J J J J J J J J J J J J J J J J J J

SOURCE: CA Employment Development Division

Page 23: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Unemployment RateOrange County – April 2012

Area Name Labor Force RateAliso Viejo CDP 28,000 3.9%j ,Anaheim city 176,500 9.5%Brea city 21,500 5.1%Buena Park city 42,600 9.3%C t M it 67 000 6 6%Costa Mesa city 67,000 6.6%Coto de Caza CDP 6,900 3.2%Cypress city 27,400 7.8%Dana Point city 22,400 5.4%Dana Point city 22,400 5.4%Foothill Ranch CDP 6,800 2.4%Fountain Valley city 33,000 6.2%Fullerton city 71,700 8.3%Garden Grove city 85,600 9.3%Huntington Beach city 122,800 6.1%Irvine city 84,100 5.6%

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

Page 24: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Unemployment RateOrange County – April 2012

Area Name Labor Force RateLa Habra city 31,900 8.4%La Palma city 9,100 8.2%Laguna Beach city 16,400 5.4%Laguna Hills city 18,000 6.3%Laguna Niguel city 37 800 5 8%Laguna Niguel city 37,800 5.8%Laguna Woods city 2,700 10.2%Lake Forest city 36,900 5.1%Las Flores CDP 3,500 3.6%Los Alamitos city 6,700 4.1%Mission Viejo city 55,300 5.4%Newport Beach city 44,800 4.6%Orange city 73 500 6 8%Orange city 73,500 6.8%Placentia city 28,200 6.6%Portola Hills CDP 4,000 4.1%

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

Page 25: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Unemployment RateOrange County – April 2012

Area Name Labor Force RateRancho Santa Margarita city 29,200 4.7%g y ,Rossmoor CDP 5,600 4.6%San Clemente city 29,400 6.0%San Juan Capistrano city 17,800 6.6%p ySanta Ana city 161,700 11.8%Seal Beach city 11,400 5.4%Stanton city 18,700 12.0%Tustin city 42,100 7.3%Tustin Foothills CDP 13,400 4.8%Villa Park city 3,400 4.2%Westminster city 46,500 8.3%Yorba Linda city 35,600 4.9%Orange County 1,613,400 7.4%

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

Page 26: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Taxable SalesOrange County

15%ANNUAL PERCENT CHANGE

5%

10%

-5%

0%

-15%

-10%

-25%

-20%

9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0

Q1/

89Q

1/90

Q1/

91Q

1/92

Q1/

93Q

1/94

Q1/

95Q

1/96

Q1/

97Q

1/98

Q1/

99Q

1/00

Q1/

01Q

1/02

Q1/

03Q

1/04

Q1/

05Q

1/06

Q1/

07Q

1/08

Q1/

09Q

1/10

SOURCE: CA State Board of Equalization

Page 27: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

New Housing PermitsOrange County, March 2012: 309 Units, Up 20.0% YTD

4000

4500

3000

3500Single Family Multi-Family

1500

2000

2500

500

1000

1500

0

an-8

8an

-89

an-9

0an

-91

an-9

2an

-93

an-9

4an

-95

an-9

6an

-97

an-9

8an

-99

an-0

0an

-01

an-0

2an

-03

an-0

4an

-05

an-0

6an

-07

an-0

8an

-09

an-1

0an

-11

an-1

2

J J J J J J J J J J J J J J J J J J J J J J J J J

SOURCE: Construction Industry Research BoardNote: April 2012 data is not available.

Page 28: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Median Price for New HomesOrange County 1Q12, Detached: $662,500 • Attached: $471,670

$1,400,000

$1,000,000

$1,200,000

Detached

$600,000

$800,000

Detached

Attached

$200 000

$400,000

$ ,

$0

$200,000

/88

/89

/90

/91

/93

/94

/95

/96

/98

/99

/00

/01

/03

/04

/05

/06

/08

/09

/10

/11

Q1/

Q2/

Q3/

Q4/

Q1/

Q2/

Q3/

Q4/

Q1/

Q2/

Q3/

Q4/

Q1/

Q2/

Q3/

Q4/

Q1/

Q2/

Q3/

Q4/

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®; Hanley Wood

Page 29: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

New Home SalesOrange County (Attached), 2012 Q1 Sales: 85 Units

1400

1000

1200

600

800

200

400

0

Q2/

88

Q2/

89Q

2/90

Q2/

91

Q2/

92Q

2/93

Q2/

94Q

2/95

Q2/

96Q

2/97

Q2/

98

Q2/

99Q

2/00

Q2/

01Q

2/02

Q2/

03

Q2/

04Q

2/05

Q2/

06Q

2/07

Q2/

08Q

2/09

Q2/

10

Q2/

11

Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;Hanley Wood

Page 30: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

New Home SalesOrange County (Detached), 2012 Q1 Sales: 229 Units

3000

2000

2500

1500

2000

500

1000

0

500

/88

/89

/90

/91

/92

/93

/94

/95

/96

/97

/98

/99

/00

/01

/02

/03

/04

/05

/06

/07

/08

/09

/10

/11

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

Q2/

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®; Hanley Wood

Page 31: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Population Percent ChangesOrange County (1971-2011)

4 5%

5.0%

3.5%

4.0%

4.5%Orange CountyCANation

2 0%

2.5%

3.0%

1.0%

1.5%

2.0%

0.0%

0.5%

971

973

975

977

979

981

983

985

987

989

991

993

995

997

999

001

003

005

007

009

011

19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20

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

Page 32: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Sources of Population GrowthOrange County (1981-2011)

60

THOUSANDS

40

50

60Natural IncreaseNet Migration

20

30

10

0

10

-30

-20

-10

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

SOURCE: CA Department of Finance

Page 33: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Net Immigration Vs. Domestic MigrationOrange County

30

THOUSANDS

10

20 Net ImmigrationDomestic Migration

-10

0

-30

-20

50

-40

30

-501991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011

SOURCE: CA Department of Finance

Page 34: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Household RelocationsOrange County

County Outflow Inflow Net OutflowLos Angeles County, CA 14,724 17,814 (3,090) Riverside County CA 6 970 6 165 805Riverside County, CA 6,970 6,165 805 San Diego County, CA 3,237 3,199 38 San Bernardino County, CA 3,108 3,067 41 Maricopa County, AZ 1,447 959 488 Clark County, NV 1,185 905 280 Santa Clara County, CA 708 660 48 King County, WA 548 364 184 S F i C t CA 536 343 193San Francisco County, CA 536 343 193 Alameda County, CA 520 475 45 Total-Top 10 32,983 33,951 (968) All Migration 55 597 51 960 3 637All Migration 55,597 51,960 3,637 Total Number of Households 1,004,405

Top 10 as % of All Households -0.1%All Net Mig as % of All Households 0.4%

Source: NAR Relocation Report 2008 – IRS Data; Item 187-06059, US Census Bureau

Page 35: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Where are new Orange County households coming from?g

•Los Angeles (17,814)g ( , )•Riverside (6,165)•San Diego (3,199)•San Bernardino (3,067)•Maricopa (959)T t l i i f 2008 51 960•Total incoming for 2008: 51,960

•Total outgoing for 2008: 55,597

Source: NAR Relocation Report 2008 – IRS Data; Item 187-06059

Page 36: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

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

White, Non-Hispanic

Hispanic

Asian/Pacific Islander

Black or Afr. Amer.,Non-Hisp.

-200 -150 -100 -50 0 50 100 150

Amer. Indian & AlaskaNative, Non-Hisp.

-200 -150 -100 -50 0 50 100 150Thousands

SOURCE: CA Dept. of Finance

Page 37: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

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

Black

Asian/Pacific Islander2000 2010

Asian/Pacific Islander

Hispanic

0 100 000 200 000 300 000 400 000 500 000 600 000 700 000 800 000

White

0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000

SOURCE: U.S. Census Bureau

Page 38: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Top 10 Home Buyer SurnamesOrange County

NGUYEN

TRAN

LEE

KIM

PHAM

CHEN

CHANG

VU

0 50 100 150 200 250 300 350 400 450 500

WANG

PARK

0 50 100 150 200 250 300 350 400 450 500Number of Buyers

SOURCE: DataQuick Information Systems

Note: Data is based on 2010 data.

Page 39: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Population by Age GroupOrange County (2000-2010)

700Thousands

20002010

500

600

300

400

200

300

0

100

0 14 1 24 2 34 3 44 4 4 64 6 40-14 15-24 25-34 35-44 45-54 55-64 65-74 75+

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

Page 40: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Homeownership RatesOrange County, 2004: 61.4%

65%70%

45%50%55%60%

30%35%40%45%

15%20%25%30%

0%5%

10%15%

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

SOURCE: U.S. Census Bureau

Page 41: Oranggye Countyleadmarketer.com/el/assetmanager/usermedia/oc_economic_report_jun… · Median Home Sales Price Orange County Apr-11 Apr-12 Yearly % Change ALISO VIEJO $406,000 $350,000

Homeownership Rates by AgeOrange County (2000 Census)

80%

90%

60%

70%

80%

40%

50%

60%

20%

30%

40%

0%

10%

20%

0%15-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

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


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