OC Real Estate Voice» Jonathon Lansner

State of the OC Market

Linsey Planeta — Sat, 28 Feb 2009 17:13:53 +0000

Recently Jonathon Lansner posted a podcast that he did with Steven Thomas of Altera Real Estate. Great information whether you are a buyer or seller in Orange County. Mr. Thomas posts his Market Time Report every two weeks and continues to be an excellent resource for analysis on Orange County real estate.

If you are sizing up a purchase or sale, looking for an opinion on ‘the bottom’, this is worth 13 minutes.

Best and Worst Performing Orange County Zip Codes

Linsey Planeta — Thu, 02 Oct 2008 14:28:05 +0000

The Orange County Register’s Jonathon Lansner put together his Zippy’s, an analysis of the 83 Orange County zip codes. The chart gives a year over year breakdown of sales volume, price changes, and number of foreclosures in each of the 83 zip codes.

The chart is definitely worth taking a few minutes to look at for the zip you are living in or if you considering a purchase in an Orange County city.

Some of the worst performing zip codes continue to be those in Santa Ana. In one of its zip codes, 92701, 23.3 of every 1000 homes is in foreclosure ranking it the worst in the county. Ladera Ranch, the home to much speculative purchases and high loan to value lending, ranked 81 with a 34% fall in sales activity and 26% fall in prices.

Newport Beach is the number 1 zip code with zero foreclosures per 1000 and one of the few places where positive numbers are seen in sales and pricing, but I’ll be interested to see if they continue to remain untouched by these markets. With the financial and economic woes becoming more widespread, we may see a ‘trickle up’ to this market in the coming months.

Orange County Sales – 1 in 4 Have Been In Foreclosure

Linsey Planeta — Mon, 04 Aug 2008 15:16:32 +0000

‘Foreclosure frequency in O.C. looks pretty good vs. the rest of the state, where 40% of second-quarter sales had previously been through a foreclosure (And it was 73.3% in Merced!)’, according to Jonathon Lansneron his Orange County Real Estate Blog. He also stated that Orange County didn’t look too bad by comparison. 25.1% of OC sales ‘were residences that had been involved in a foreclosure in the previous 12 months’.

Unfortunately, the numbers are likely to get worse before they get better. The nice pick up in the market that we saw in May and June(characteristic of some summer buying activity) had some wondering if the bottom was in sight. But July’s Indymac crisis brought showing activity to a near stand still. New escrows have dropped dramatically and we may have seen the summer buying activity come to an early end.

The road is likely going to continue to be rocky for sellers in the coming months. With the election fast approaching, past election years have shown us that buyers like to take a wait-and-see approach to the real estate market.

Aren’t I just full of good news on this Monday morning!

The Hits Just Keep on Coming…Another Bank Bites the Dust

Linsey Planeta — Fri, 01 Aug 2008 21:44:49 +0000

Another bank falls apart, 1st Heritage Bank. This is the first local one to fail in Orange County since 1994, according to Jonathon Lansner. Check out Jonathon’s article for full details.

We’re not through this thing yet, not by a long shot.