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O.C. BUSINESS PLUS | O.C. Business Databank

June Housing Trends

July 16, 1999

Most expensive areas by ZIP Code:

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ZIP Code Community Median price 1. 92625 Corona Del Mar $650,000 2. 92861 Villa Park 625,000 3. 92661 Newport Beach 622,500 4. 92660 Newport Beach 580,000 5. 92657 Newport Beach 571,500

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Least expensive:

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ZIP Code Community Median price 1. 90650 Stanton $135,750 2. 92844 Garden Grove 142,500 3. 92701 Santa Ana 143,000 4. 92707 Santa Ana 150,000 5. 92703 Santa Ana 151,000

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Highest Priced Sales

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Location Price(millions) Sq. ft Buyer Shorecliff Road Corona Del Mar $5.4 7,255 Massey Trust Ocean Way Laguna Beach 5.15 2,197 Cannell Trust Ridgeline Drive Newport Beach 3.7 9,418 Cocco Trust Bayshore Dr. Newport Beach 3.2 1,792 Sheperdson Trust Ocean Boulevard Corona Del Mar 2.75 1,910 Albert and Gloria Barnett

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Mortgage Rate Trend

Rate averages for 30-year fixed conforming with one point:

1998

July 2 6.869%

Aug. 6 6.887

Sept. 3 6.708

Oct. 1 6.403

Nov. 5 6.714

Dec. 3 6.582

1999

Jan. 7 6.626

Feb. 11 6.682

March 4 7.101

April 1 6.875

May 6 6.982

June 3 7.370

July 1 7.533

Sources: Acxiom/Dataquick Real Estate Systems Inc., Mortgage News Co.

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