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March 2008 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 © 2006, CALIFORNIA ASSOCIATION OF REALTORS® Orange County Economic Profile
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County Profile CharacteristicStatisticState Rank 2006 Population Estimate3,072,3362 % Population Change 1990-200018.1%19 % Population Change 1980-199024.71%32 % White 200664.8% % Hispanic 200632.9% % Black 20061.7% % Asian & Pacific Islander 200616.1% 2006 Per Capita Income$31,869 2006 Median Household Income$70,232 2006 Median Age35.3 Land Area Square Miles78947 2000 Total Establishments78,5562 2006 Civilian Employment1,538,059
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Sales of Existing Detached Homes and Pacific West Consumer Confidence Orange County, January 2008: 634 Units, Down 38.3% Y-T-D, Down 38.3% Y-T-Y SOURCE: California Association of REALTORS®; The Conference Board INDEXUNITS
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Sales of Existing Detached Homes Orange County, 2007: 13,555 Units, Down 22.7% Y-T-Y SOURCE: California Association of REALTORS® UNITS MONTHLY ANNUAL
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Median Price of Existing Detached Homes Orange County, January 2008: $609,030, Down 11.6% Y-T-Y SOURCE: California Association of REALTORS®
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Median Price Annual Comparison Orange County, 2007: $699,590, Down 1.3% Y-T-Y SOURCE: California Association of REALTORS® ANNUAL MONTHLY
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Median Home Sales Price Orange County SOURCE: C.A.R.; DataQuick Information Systems. The price statistics are derived from all types of home sales -- new and existing, condos and single-family.
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Median Home Sales Price – Cont. Orange County SOURCE: C.A.R.; DataQuick Information Systems. The price statistics are derived from all types of home sales -- new and existing, condos and single-family.
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Unsold Inventory Index Orange County, January 2008: 33.4 Months SOURCE: California Association of REALTORS® MONTHS
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SOURCE: California Association of REALTORS® Months Supply Unsold Inventory By Price Range Orange County Existing Homes January 2008 vs. January 2007
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Foreclosures Orange County SOURCE: Real Estate Research Council
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Proportion of Foreclosures in Housing Transfers Orange County SOURCE: Real Estate Research Council
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Median Time on the Market Orange County - Single-Family Homes, 2007 Q4: 68.6 days SOURCE: California Association of REALTORS®
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Asking Rents for Class A&B Apartments Orange County, 2007 Q4: $1,595, Up 5.1% Y-T-Y SOURCE: California Association of REALTORS®; REALFACTS
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Vacancy Rates for Class A&B Apartments Orange County, 2007 Q4: 6.0% SOURCE: California Association of REALTORS®; REALFACTS VACANCY RATE
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Mortgage Rates SOURCE: Federal Home Loan Mortgage Corporation
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Housing Affordability Index Orange County, December 2005: 10% SOURCE: California Association of REALTORS® % OF HOUSEHOLDS THAT CAN BUY
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First-time Buyer Housing Affordability Index Orange County, 4th Quarter 2007: 28% SOURCE: California Association of REALTORS® % OF HOUSEHOLDS THAT CAN BUY
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Nonfarm Employment Orange County, January 2008: Down 0.9% Y-T-Y SOURCE: CA Employment Development Division Y-T-Y PERCENT CHANGE
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Unemployment Rate Orange County, January 2008: 4.4% SOURCE: CA Employment Development Division
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Unemployment Rate Orange County -- January 2008 SOURCE: CA Employment Development Department CCD Census County Division CDP Census Designated Place
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Unemployment Rate – Cont. Orange County -- January 2008 SOURCE: CA Employment Development Department CCD Census County Division CDP Census Designated Place
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Unemployment Rate – Cont. Orange County -- January 2008 SOURCE: CA Employment Development Department CCD Census County Division CDP Census Designated Place
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Taxable Sales Orange County ANNUAL PERCENT CHANGE SOURCE: CA State Board of Equalization
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New Housing Permits Orange County, January 2008: 118 Units, Down 75.1% Y-T-D SOURCE: Construction Industry Research Board
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Median Price for New Homes Orange County 4Q07 Detached: $936,000, Attached: $506,990 SOURCE: California Association of REALTORS®; Hanley Wood
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New Home Sales Orange County (Attached), 2007 Q4 Sales: 254 Units SOURCE: California Association of REALTORS®; Hanley Wood
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New Home Sales Orange County (Detached), 2007 Q4 Sales: 134 Units SOURCE: California Association of REALTORS®; Hanley Wood
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Population Percent Changes Orange County (1971-2006) SOURCE:U.S. Census Bureau; California Department of Finance; California Association of REALTORS®
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Sources of Population Growth Orange County (1981-2006) THOUSANDS SOURCE: CA Department of Finance
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Net Immigration Vs. Domestic Migration Orange County THOUSANDS SOURCE: CA Department of Finance
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Household Relocations Orange County Source: NAR Relocation Report 2005 – IRS Data; Item 187-06061, US Census Bureau
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Where are new Orange County households coming from? Los Angeles (18,884) Riverside (4404) San Diego (3188) San Bernardino (2833) Santa Clara (740) Total incoming for 2005: 50,276 Total outgoing for 2005: 62,463 Source: NAR Relocation Report 2005 – IRS Data; Item 187-06057
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Net Immigration by Ethnic Group Orange County (1990 Census to 2000 Census) SOURCE: CA Dept. of Finance
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Number of Households by Ethnicity Orange County (1990 Census vs. 2000 Census) SOURCE: U.S. Census Bureau
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Top 10 Home Buyer Surnames Orange County (2006) SOURCE: DataQuick Information Systems
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Population by Age Group Orange County (2000-2010) SOURCE: California Department of Finance; California Association of REALTORS®
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Homeownership Rates Orange County, 2004: 61.4% SOURCE: U.S. Census Bureau
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Homeownership Rates by Age Orange County (2000 Census) SOURCE: California Department of Finance; California Association of REALTORS®
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