The November Dataquick home values report is out and Orange County (OC) home values (for all sales) have decreased, over the past 12 months, as follows: condos have dropped 12.7% dropping to $255,000; resale homes 8% coming in at $460,000, and the median sale value for all homes settling at $400,000.
Here in sunny Anaheim Hills, North Orange County, California the news is similar. Median home value for all homes sold in the 92808 and 92807 zip codes has dropped by 18.25% to $391,500.
This Realtor continues to project additional decreases in OC home values by year’s end – settling at $399,000 for all homes in Orange County with additional declines coming in 2012. I hope that I’m wrong – Merry Christmas.
To view the full report, click on the following link: http://dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx