The December 2012 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 17.5%, from one year ago today, to $470,000. That’s $20K greater than last month’s median for all homes.Also, condominium values rose 17.3% to $305,000 ($2.5K lower than last month’s median) and resale homes 17.5 % to $527,500 ($5.5K greater than last month’s median).
Here in sunny Anaheim Hills, North Orange County, California the news is similar. Median home values, for all homes sold in the 92808 and 92807 zip codes, rose 6.5% over the past 12-months to $495,500. That’s $15.75K greater than last month’s median for Anaheim Hills and more than $30K over the past two months.
What the above also means is that we may have turned the corner on the $700K to 1.5M market. This fact is also attested to because the median sales price for our neighboring communities has increased significantly these past tow months. For example, the Villa Park median rose 600% to $1.4M . Similarly, in the 92887 zip code of Yorba Linda, the median home price rose by 50% to $697,500. The above two markets are very good indicators for the higher end market and shows that the appetite for homes above the modified conforming loan limits ($617K) is on the rise!
For more info go to: http://dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx