Dana Point , CA

Monthly Housing Development Update | October 2021

General statistics, market trends and outlook for housing development in Dana Point, CA

City Housing Update for October 2021

Current Trends:

During this past month of September, the median rental price for a single family home in Dana Point was $4,437 and median sale price for a single family home in the city was $940,900. There were approximately 233 homes listed for sale in the city at the end of September, compared with 246 in August. During the last month, homes sold within 91 days on the market and received 1 offers per sale on average.

City Housing Supply:

As of the end of 2017, the total count of existing housing units in the city was 16,081. Single family housing units make up the majority 67.14% of Dana Point's housing units, 10,796 units total. Multifamily units make up 31 percent, or approximately 5,037. As of last year, the average housing density (people per household) was 2.39, compared with the state average of 2.97. At the end of the period, about 1,923 of housing units in the city were unoccupied, suggesting a vacancy rate of 0 percent.

Regulations & Outlook:

The City has finalized updates to it's residential zoning code that fully comply with State Laws SB 1069 and AB 2299 which allow for Accessory Dwelling Units (ADUs) to be developed on most single family lots. More commonly referred to as “Granny Flats” and “In-Law Units”, in Dana Point as many as 6,369 homes may now be eligible to add some form of second dwelling unit. These laws are intended by The State to boost opportunities for housing production in cities in an effort to address the growing housing deficits local communities face accross The State. Typically secondary units are constructed by homeowners in backyards, converted garages and basements of single family residences. These new regulations could now allow individual homeowners to play a significant role to increase housing production in Dana Point over the coming years. Consider for example, if just one percent of eligible homeowners in Dana Point built an ADU each year, it would contribute an additional 318 units to the city's housing stock over the next five years and create hundreds of new local construction jobs.

Local News & Policy:

The city's latest residential zoning requirements for ADUs can be found on the Dana Point City Page using the link or search bar at the bottom of this report. Recently More information on the latest local policies and requirements for ADUs will be available as they are passed. Check back each month for the latest changes in Dana Point.

Get Involved:

For homeowners and local developers who are interested in getting involved in the ADU movement locally in Dana Point, use Housable to get insights about the ADU housing development potential of specific properties. Housable provides zoning, permitting, estimation and design tools, many of them free of charge, to help homeowners at any step plan, permit and build their ADU projects. Use property design and calculation tools any time, get low cost insights about the ADU potetnial of your property and connect with local professionals who can help with the process when you're ready to get started. Stay up to date with the latest local trends in housing production and join the ADU movement to create more housing in Dana Point, one garage, basement, or backyard at a time.

Exerpts From City Housing Reports

In 2010 14,708 households (occupied residences) resided in Dana Point, with approximately 64% (9,402) owner occupied and the remaining 37% (5,419) renter occupied. The City added 1,263 housing units between 1990 and 2010, growing to an estimated 15,924 units in 2010. Housing units have increased slowly, averaging only 24 units per year since 2000. Household size in 2000 was 2.4 persons; with the decrease in population it fell to 2.3 in 2010.

Source: 2000 and 2010 Census. Note: Occupied housing units are referred to as households. The total number of households is not representative of the total number of housing units.

The future housing need for extremely low income households can be estimated (per state law) at one-half of the City's very low income housing allocation. The City's very low income housing allocation for the 2014'2021 planning period is 76 units (see Table HI-1). Accordingly, the City's projected need for extremely low income households is approximately 38 units.

The City's vacant land could provide approximately 247 units of new housing, of which 157 units could be made affordable to lower income households. Even greater development potential could be achieved in the event of a density bonus.

Current Market Stats October 2021

Median Sales Price $940,900.00

Median Rental Price $4,437.00 Based on 840 sqft unit

Total Homes on Market 233

Average Days on Market 91

Average Offers per Sale 1

City Housing Stock 2017

Total Housing Units 16081

Single-Family Units 10796

Other Type Units 248

Unit Vacancy Rate 0.1196

Annual Units Produced (2017) 28

Go to Dana Point ADU Zoning Page

General City Info Dana Point, CA

City Population 33,351

City Area 6.5 sq. mi.

We have our final inspection TODAY and do expect it will go well. We’ve been lucky to have a nice inspector. I’ll send you more pics this weekend!

Fiona K. in Bell Canyon, CA

The plans were approved and I received the permit today. Thank you for all your help with the process!

Jannie B. in Los Angeles, CA

My experience with Housable was exceptional. The team was extremely helpful and responsive. I am very satisfied and happy to have used these services. As a homeowner I do not know the construction lingo or process but the Housable team very kind and helpful and patient with me. My expectations were exceeded. Thank you for everything.

Monica H. in Oakland, CA

City & State Housing News

State of CA Wieckowski, Herrera: Secondary units can help housing crisis www.mercurynews.com 14/11/2016

State of CA [CA] Governor Brown Issues Legislative Update http://imperialvalleynews.com/ 08/10/2017

State of CA More Cities Say Yes to Granny Apartments, ADUs https://efficientgov.com/ 07/11/2017

Go to Dana Point ADU Zoning Page

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