The February 2013 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 22.3%, from one year ago today, to $477,000. That’s $17K higher than last month’s median for all homes. Also, condominium values rose 30% to $325,000 ($20K more than last month’s median) and resale homes 16.4% to $529,000 ($9K more than last month’s median). New construction also saw 21.1% price increases during the same period with a median price of $676,000.
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 17.5% over the past 12-months to $440,750. That’s $31.6K higher last month’s median for Anaheim Hills.
All-in-all, we continue to see steady increases in home values across the board including condos, resale and new construction homes. Another interesting thing to note is that distressed home sales are no longer a significant part of OC inventory. This is great news for those seeking to bring a resale home to market.
For more info go to: http://dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx