The May 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 24.1% to $540,000. That’s $5K higher than last month’s median for all homes sold. Also, condominium values rose 30.8% to $365,000 ($250 higher than last month’s median) and resale homes 21.2% to $600,000 ($9K higher than last month’s median). New construction had a 13.8% price increase during the same period with a median sale price of $685,000 ($15K 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 $536,500. That’s nearly $26K higher than last month’s median for Anaheim Hills. For more info go to: http://dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx
For another month, we continue to see major increases in home values with some signs of prices leveling off. All eye’s will be on the Federal Reserve Chairman, Ben Barnanke, for his July report and recommendation on future monetary policy.