The August Dataquick home values report is out for Orange County (OC). Over the past 12-months, the median value for all homes sold in the OC has increased 6.0%, from August of last year, to $445,000. Conversely, that’s $8,000 lower than July 2012’s median. For the year, condos have increased 11.3% to $295,000 and resale homes 7.9% at $518,000 – which is $3,000 higher than last month’s median value for resale homes.
Here in sunny Anaheim Hills, North Orange County, California the news is not as upbeat. Median home values, for all homes sold in the 92808 and 92807 zip codes, has decreased 16.6% over the past 12-months – coming in at a $392,000 median. That’s also $80,000 lower than last month’s median for Anaheim Hills – ouch.
This Realtor speculates that the Anaheim Hills data is a very rare statistical anomaly due to possibly an increase of condominium sales and a lack of inventory in the $500,000 to $750,000 price point. Anaheim Hills inventory of homes for sale remains at historic recorded lows and there are multiple offers on properties that are priced reasonably.
For more info go to: http://dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx