Another amazing month for Anaheim Hills home values, the median for all homes sold in Anaheim Hills rose 40% to $559,750. That’s almost $20K higher than last month and $40K higher than November. This is great news compared to the rest of Orange County.
Over the past 12 months, the median value for all homes sold has increased 19.6% to $550,000. But, that’s $20K lower than last month’s median. Similarly, Condominium values rose 23.8% to $371,025 or $750 lower than last month’s median. Resale homes had year-over-year gains to 15.4% to $600,000. That’s $39K lower than last month.
New construction had 3% price increase during the same period with a median sale price of $710,000.
All-in-all, it appears that home values are beginning to come down from the major price gains seen in November and December of 2013 – just two months ago. In 2013, We had predicted that the median value of all homes sold in Orange county would settle somewhere around $540K. It looks like our timeline for predicting at what price the OC median will settles was premature. But, as the Federal Reserve continues to tapper back its bond buying initiatives, we firmly believe that OC home values can only move down from here.
For more info go to: http://dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx