The February Dataquick home values report is out for Orange County (OC). Over the past 12 months, home values have decreased as follows: condos have dropped 13.8% settling at $250,000; resale homes 4.2% at $455,000, and the median sale value for all OC homes is $388,500; posting a 5.2% decrease in total.
Here in sunny Anaheim Hills, North Orange County, California the news is about the same. Median home values, for all homes sold, in the 92808 and 92807 zip codes has decreased 5.2% over 12 months – coming in at a $434,500 median.
With interest rates inevitably on the rise and tight lending practices, this Realtor continues to project net decreases in 2012. By the end of the year, the median value for all OC homes will be $388,000 — for a total 3% decline for the 12 month period.