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The latest home price cut rates in Orange County are a smidge higher than the nation — 26.8% vs. 26 %, according to the latest numbers from Trulia.com.
The O.C. rate is down from 29% in August.
The 92844 ZIP code in Garden Grove shows the fewest listings with prices cut — 7% — while the 92845 of that city is seeing the most — 43% — in the county.
National trends are below the O.C. chart!
| City |
Zip code |
% with price cuts |
Avg price after cut |
Avg cut |
| Garden Grove |
92845 |
43% |
$1,334,345 |
12% |
| Irvine |
92603 |
40% |
$2,271,942 |
13% |
| Yorba Linda |
92887 |
39% |
$883,793 |
9% |
| Corona Del Mar |
92625 |
36% |
$2,318,583 |
10% |
| Newport Beach |
92657 |
36% |
$1,807,571 |
10% |
| Orange |
92865 |
36% |
$814,053 |
11% |
| Dana Point |
92624 |
36% |
$1,121,172 |
11% |
| Newport Beach |
92660 |
36% |
$4,096,600 |
16% |
| Seal Beach |
90740 |
36% |
$347,804 |
10% |
| Santa Ana |
92704 |
35% |
$1,053,033 |
12% |
| Newport Beach |
92663 |
35% |
$1,137,351 |
14% |
| Los Alamitos |
90720 |
35% |
$1,032,125 |
9% |
| Silverado |
92676 |
35% |
$824,061 |
9% |
| San Clemente |
92672 |
34% |
$912,101 |
10% |
| Buena Park |
90623 |
33% |
$542,933 |
6% |
| Aliso Viejo |
92656 |
33% |
$3,406,679 |
11% |
| San Clemente |
92673 |
33% |
$1,501,802 |
12% |
| Irvine |
92604 |
33% |
$579,756 |
6% |
| Newport Beach |
92661 |
33% |
$2,074,800 |
8% |
| Huntington Beach |
92649 |
33% |
$3,299,708 |
14% |
| Dana Point |
92629 |
32% |
$1,824,667 |
12% |
| Placentia |
92870 |
32% |
$937,913 |
10% |
| Santa Ana |
92705 |
31% |
$621,922 |
9% |
| Newport Beach |
92662 |
31% |
$2,089,836 |
14% |
| Laguna Beach |
92651 |
31% |
$773,552 |
10% |
| Laguna Niguel |
92677 |
31% |
$1,175,522 |
8% |
| Yorba Linda |
92886 |
31% |
$800,168 |
8% |
| Tustin |
92780 |
31% |
$818,044 |
7% |
| Orange |
92866 |
31% |
$614,112 |
8% |
| Fullerton |
92831 |
30% |
$359,809 |
12% |
| Orange |
92868 |
30% |
$945,877 |
9% |
| Mission Viejo |
92675 |
30% |
$611,380 |
9% |
| Mission Viejo |
92691 |
30% |
$575,061 |
7% |
| Fullerton |
92833 |
29% |
$714,106 |
11% |
| Irvine |
92620 |
29% |
$612,577 |
8% |
| Anaheim |
92808 |
29% |
$327,794 |
8% |
| Mission Viejo |
92692 |
28% |
$874,381 |
12% |
| Brea |
92823 |
28% |
$746,056 |
7% |
| Garden Grove |
92840 |
28% |
$322,021 |
9% |
| Irvine |
92614 |
28% |
$593,414 |
7% |
| Brea |
92821 |
27% |
$718,989 |
11% |
| Irvine |
92618 |
27% |
$860,423 |
8% |
| Orange |
92869 |
27% |
$619,640 |
8% |
| Buena Park |
90621 |
26% |
$465,624 |
7% |
| Irvine |
92612 |
26% |
$571,675 |
11% |
| Foothill Ranch |
92610 |
26% |
$447,496 |
7% |
| Huntington Beach |
92646 |
26% |
$514,015 |
6% |
| Huntington Beach |
92648 |
26% |
$1,183,972 |
11% |
| Lake Forest |
92630 |
25% |
$348,544 |
9% |
| Laguna Woods |
92637 |
25% |
$214,546 |
11% |
| Sunset Beach |
90742 |
25% |
$2,012,963 |
7% |
| Fullerton |
92832 |
25% |
$569,049 |
9% |
| Anaheim |
92807 |
25% |
$683,500 |
7% |
| Anaheim |
92806 |
24% |
$723,488 |
9% |
| Midway City |
92655 |
24% |
$478,952 |
9% |
| Irvine |
92606 |
24% |
$557,436 |
3% |
| Cypress |
90630 |
24% |
$454,252 |
8% |
| Laguna Hills |
92653 |
24% |
$40,280 |
12% |
| Santa Ana |
92707 |
23% |
$395,464 |
7% |
| Westminster |
92683 |
23% |
$415,724 |
11% |
| La Habra |
90631 |
23% |
$528,957 |
14% |
| Rancho Santa Margarita |
92688 |
22% |
$461,304 |
7% |
| Buena Park |
90620 |
22% |
$544,331 |
10% |
| Costa Mesa |
92627 |
21% |
$671,675 |
12% |
| Fountain Valley |
92708 |
21% |
$442,045 |
11% |
| Irvine |
92602 |
21% |
$772,050 |
5% |
| Huntington Beach |
92647 |
21% |
$562,480 |
8% |
| Fullerton |
92835 |
21% |
$307,140 |
11% |
| Orange |
92861 |
21% |
$525,704 |
6% |
| Orange |
92867 |
20% |
$343,211 |
13% |
| Anaheim |
92804 |
20% |
$461,078 |
9% |
| Trabuco Canyon |
92679 |
20% |
$449,458 |
8% |
| Tustin |
92782 |
20% |
$261,663 |
13% |
| Anaheim |
92801 |
19% |
$188,477 |
16% |
| Costa Mesa |
92626 |
19% |
$637,700 |
9% |
| Santa Ana |
92701 |
19% |
$276,630 |
15% |
| Stanton |
90680 |
18% |
$232,874 |
7% |
| Ladera Ranch |
92694 |
18% |
$299,322 |
15% |
| Anaheim |
92802 |
16% |
$403,893 |
8% |
| Santa Ana |
92703 |
16% |
$240,003 |
16% |
| Garden Grove |
92843 |
16% |
$682,139 |
6% |
| Santa Ana |
92706 |
15% |
$437,854 |
12% |
| Anaheim |
92805 |
15% |
$244,546 |
8% |
| Garden Grove |
92841 |
15% |
$450,746 |
7% |
| Garden Grove |
92844 |
7% |
$531,950 |
4% |
On the national level:
- The percentage of price reductions has increased every month from June (23.6%) to September (26%). Trulia says because summer is the peak buying season, homeowners have been rushing to sell their homes and have been forced to reduce home prices.
- 13 of the top 50 cities have seen consecutive monthly increases during the past 4 months.
- 23 of the top 50 cities have price reduction levels above the national average of 26%.
- The luxury market continues to see the biggest discount rates – homes greater than $2 million average a 14% reduction, while homes less than $2 million average a 10% reduction.
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