The June 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 20.3% to $545,000. That’s $5K higher than last month’s median for all homes sold. Also, condominium values rose 30.2% to $384,000 ($19 K higher than last month’s median) and resale homes 18.4% to $610,000 ($10K higher than last month’s median). New construction had a 10.2% price increase during the same period with a median sale price of $681,000 ($4K lower than last month’s median).
Here in sunny Anaheim Hills, California the news is similar. Median home values, for all homes sold in the 92808 and 92807 zip codes, rose 19.5% over the past 12 months to $515,500. That’s $21K lower than last month’s median for Anaheim Hills. For more info go to: http://dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx
Although home values have risen sightly county-wide, the last two months demonstrate a home value slowing trend. My hunch is that values in the North OC have peeked for the short term and may even decline 2% to 3% through the end of the year and even more than that if the Fed Chair continues to back-paddle on his promise to keep interest rates in-line with published schedules..