In Anaheim Hills, the median price for a single-family residence in January 2014 was $580,000 in (zip92807) and $715,000 in (zip92808). This represents an increase of 26% in 92807 and an increase of 0.1% in 92808 compared to the same month last year. The median price per sq. ft. was $300 in 92807 and $301 in 92808.
Orange County Real Estate
The median price paid for a single family residence home in January 2014 was $600,000, an increase of 15.14% over the same period last year. The total number of homes sold in January was 1,299 and the total number of condos sold was 583.
California Real Estate Market
Statewide, an estimated 24,832 new and resale houses and condos sold in January 2014. That is down 26.1% from 34,949 in December 2013, and down 10.5% from 28,871 in last January 2013 according to DataQuick.
January 2014 sales have varied from a low of 19,145 in 2008 to a high of 47,138 in 2004. Last month’s sales were 17.7% below the average of 31,393 sales for all the months of January since 1988, when DataQuick’s statistics begin. California sales haven’t been above average for any particular month in more than seven years.
The median price paid for a home in California in January 2014 was $353,000, down 3.3% from $365,000 in December 2013 and up 21.7% from $290,000 in January 2013. Last month was the 23nd consecutive month in which the state’s median sales price rose year-over-year, and the 14th straight month with a gain exceeding 20 percent.
In March/April/May 2007 the median peaked at $484,000. The post-peak trough was $221,000 in April 2009.
Of the existing homes sold in January 2014, 7.7% were properties that had been foreclosed on during the past year. That was up from a revised 6.9 percent in December 2013 and down from 19.0% a year earlier. Foreclosure resales peaked at 58.8 percent in February 2009.
Short sales – transactions where the sale price fell short of what was owed on the property – made up an estimated 11.5% of the homes that resold in January 2014. That was down from an estimated 13.1% from the month before and down from 23.9% a year earlier.
Average Mortgage Rate
As of February 27, 2014, the 30-year fixed is 4.37 percent, the 15 year fixed is 3.39 percent, and the 1 year adjustable is 2.52 percent.