Real Estate Market Update for 92840 (Garden Grove, CA)

Video: Real Estate Community Tour for 92840 (Garden Grove, CA)

See Real estate community tour for 92840 (Garden Grove, CA)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 49% from one year earlier, and down 13% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was 480-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 22%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 470-thousand dollars. The number of units sold increased 6% year-over-year, and increased 40% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 92840 (Garden Grove, CA)
Area Information for 92840 (Garden Grove, CA)
  • Population: 56,344
  • Median Age: 34 yr
  • Median Commute Time: 23.39 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 10,831/sq mi
  • Population Change Since 2000: 8.3%
  • Closest Airport: John Wayne Airport-orange County
  • Closest College: Argosy University Orange County
  • Closest Jr. College: Concorde Career College
  • Median Household Income: $62,116
  • Annual Residential Turnover: 18.46%
  • Median Years in Residence: 3.15 yr
  • Median Home Sales Price: $324,750
  • Closest Major Sports Team: Angels
  • Change Avg. Household Income Since 2000: 33%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 92840 (Garden Grove, CA)
Median Age: 34 Married: 28% Number of Households: 15,521 Households with Children: 6,880
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 92840 (Garden Grove, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St Olaf Preschool 0.3 mi Private PRESCHOOL-PRESCHOOL 0 0
      Stanley Elementary School 0.3 mi Public K-6 3 4
      Crosby (genevieve M.) Elementary 0.5 mi Public K-6 2-5 3
      Mark Twain Special Center 0.5 mi Public K-12 0 0
      Garden Grove High School 0.6 mi Public 9-12 4 3
      Violette (c. C.) Elementary 0.6 mi Public K-6 2 4
      Ralston (dr. Walter C.) Intermediate 0.7 mi Public 7-8 2-5 4
      Izaak Walton Intermediate 0.7 mi Public 7-8 2-5 4
      Evans (ethel M.) Elementary 0.8 mi Public K-6 3 4
      St Columban 0.8 mi Catholic PRESCHOOL-8 0 4
      Saint Columban School 0.8 mi Catholic PRESCHOOL-8 0 0
      Village Bible Academy 0.9 mi Private K-12 0 4
      Parkview Elementary 0.9 mi Public K-6 4 4
      Simmons (linton T.) Elementary 0.9 mi Public K-6 2-5 0
      Luis Lake Intermediate 1.1 mi Public 7-8 3 3
      Faylane Elementary 1.3 mi Public K-6 3 4
      Warren (earl) Elementary 1.3 mi Public K-6 2-5 4
      Children Of The Light School, Inc 1.6 mi Private PRESCHOOL-K 0 0
      O.c Kids Preschool 1.7 mi Private PRESCHOOL-K 0 0
      Christine North School 1.7 mi Private 1-11 0 5
      Lampson Elementary 1.8 mi Public PRESCHOOL-5 1 3
      Shepards Grove Schools 2.1 mi Private K-12 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 92840 (Garden Grove, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.