Condos Can Cost Up to $569,000

For many Orange County buyers, condominiums are lower-priced alternatives to single-family homes. But you can also spend up to $569,000 on a condo here.

That was the basic price for a top-of-the-line condo at the Laguna Sur development in Laguna Niguel, according to a recent survey of the county’s condominium market by First American Title Insurance Co.

At the opposite end of the price scale, American Skylines Real Estate Services was selling condos at its Cabrillo Park development in Santa Ana for $62,900.

The survey, based on data compiled in November from all developments selling units, disclosed that the median price of a new condominium in the county was $141,900, and the average price was $176,033.

CONDOS FOR SALE IN ORANGE COUNTY Survey of all condominium projects in county that were selling units in November, 1988. Does not include projects that were under construction or between phases of construction.

Number of Propsed Total City Developments Basic Price Range Total Units Sold Anaheim Hills 1 $290,000 16 14 Coto de Caza 1 280,000-375,000 72 64 Fountain Valley 2 139,900-229,990 389 332 Garden Grove 2 64,900-118,000 194 163 Huntington Beach 3 129,900-249,900 332 197 Irvine 1 203,900-229,900 284 104 Laguna Hills 1 115,000-170,495 200 116 Laguna Niguel 2 100,900-569,000 497 278 Lake Forest 1 158,900 160 159 Newport Beach 1 495,000-515,000 132 129 Rancho Santa Margarita 3 80,990-125,000 535 454 San Clemente 2 130,000-400,000 401 390 Santa Ana 1 62,900-117,000 106 32 Tustin 2 163,900-207,400 393 206

Source: First American Title Insurance Co.