Anaheim Hills Real  Estate Market Update – July 2015

In Anaheim Hills,the median price for a single-family residence in July was $675,000 in zip 92807 (43 homes sold) and $775,000 in zip 92808 (25 homes sold). This represents an increase of 15.9% in 92807 and 15.7% in 92808 compared to the same month last year. The median price per sq. ft. was $353 in 92807 and $369 in 92808.
Anaheim ARTIC2
Orange County Real Estate 
The median price paid for a single family residence home in July was $680,000, an increase of 6.0% over the same period last year. The total number of SF Homes sold in July was 2,374 and the total number of condos sold was 1,090.

California Pending Home Sales Climb in July
California Pending Home Sales Soared to post eight straight months of annual gains from the previous year in July and posted the strongest year-over-year increase in more than six years.

In a separate report, California REALTORS® responding to C.A.R.’s July Market Pulse Survey saw a reduction in floor calls, listing appointments, and open house traffic, compared with June. The Market Pulse Survey is a monthly online survey of more than 300 California REALTORS®, which measures data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year.

Pending home sales data:

• The Pending Home Sales Index (PHSI)* climbed 17 percent on an annual basis to 122.3 in July, based on signed contracts. The July 2015 index was up from the 104.5 index recorded a year ago and marked the eighth straight month of year-to-year gains and the sixth straight month of double-digit advances.

• Statewide pending home sales in July also reversed a three-month decline, rising 1.6 percent on a month-to-month basis. The PHSI was up from the 120.4 index in June. The month-to-month increase was higher than the average June-July loss of 2 percent observed in the last seven years.

• At the regional level, pending sales rose in the San Francisco Bay Area to an index of 129.6, up 1.3 percent from June and up 9.2 percent from July 2015.

• Pending home sales in Southern California were essentially flat, dipping 0.3 percent from June to reach an index of 109.3 in July but up 16.8 percent from a year ago.

• Central Valley pending sales rose in July, increasing 3.1 percent from June to reach an index of 102.6 in July and up 20.7 percent from July 2015.

Equity and distressed housing market data:

• The share of equity sales – or non-distressed property sales – increased in July to post its highest level since late 2007. Equity sales made up 93 percent of all home sales in July, up from 92.4 percent in June and 90.2 percent in July 2014.

• Conversely, the combined share of all distressed property sales (REOs and short sales) fell in July to 7 percent of total sales, down from 7.6 percent in June and 9.8 percent a year ago.

• Twenty-two of the 43 counties that C.A.R. reports showed month-to-month decreases in their share of distressed sales, with San Francisco having the smallest share of distressed sales at 1 percent, followed by San Mateo (1.6 percent), and Alameda (2.1 percent). Solano County had the highest share of distressed sales at 24 percent, followed by Mendocino (18 percent) and Siskiyou (17 percent).

Anaheim Hills Market Update-June 2015

In Anaheim Hills, the median price for a single-family residence in June was $575,000 in zip 92807 (39 homes sold) and $775,000 in zip 92808 (24 homes sold). This represents an increase of 1.8% in 92807 and an increase of 6.7% in 92808 compared to the same month last year. The median price per sq. ft. was $339 in 92807 and $354 in 92808.
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Orange County Real Estate 
The median price paid for a single family residence home in June was $680,000, an increase of 4.6% over the same period last year. The total number of SF Homes sold in June was 2,366 and the total number of condos sold was 1,033.

Anaheim Hills Market Update-May 2015

 In Anaheim Hills, the median price for a single-family residence in May was $629,000 in zip 92807 (34 homes sold) and $655,000 in zip 92808 (12 homes sold). This represents an increase of 3.1% in 92807 and a decrease of -13.3% in 92808 compared to the same month last year. The median price per sq. ft. was $336 in 92807 and $386 in 92808.

Orange County Real Estate
The median price paid for a single family residence home in May was $668,000, an increase of 3.5.% over the same period last year. The total number of houses sold in May was 2,163 and the total number of condos sold was 1,017.

Anaheim Hills Market Update-February 2015

In Anaheim Hills, the median price for a single-family residence in February was $674,000 in zip 92807 (24 homes sold) and $1,128,000 in zip 92808 (6 homes sold). This represents increases of 22.6% in 92807 and 52.9% in 92808 compared to the same month last year. The median price per sq. ft. was $326 in 92807 and $525 in 92808.

Orange County Real Estate
The median price paid for a single family residence home in February was $640,000, an increase of 31.% over the same period last year. The total number of houses sold in February was 1,305 and the total number of condos sold was 553.

California Real Estate Market
An estimated 25,585 new and resale houses and condos were sold in California in February 2015. That was up 1.0% month over month from 25,325 sales in January 2015, and down 0.4% year over year by 2.0% percent from 25,680 sales in February 2014.

February home sales have varied from a low of 20,513 sales in 2008 to a high of 48,409 sales in 2004. The February 2015 sales were the lowest for that month since 2008, and they were 18.7% lower than the February average of 31,454 sales since 1988, when CoreLogic DataQuick data began.

The median price paid for a home in California in February 2015 was $378,000, up 0.5% month over month from $376,000 in January 2015 and up 6.5% year over year from $355,000 in February 2014.

February 2015 marked the 36th consecutive month in which the state’s median sale price has increased on a year-over-year basis. The peak year-over-year price gain was 29.2 percent in July 2013. Since then the annual gains have generally trended downward and have been single-digit since July 2014.

The February 2015 median price was 21.9% lower than California’s peak median price of $484,000, reached in March/April/May 2007.

Of the existing homes sold statewide in February 2015, 6.8% were properties that had been foreclosed on during the past year. That was up from a revised 6.7% in January 2015 and down from 8.0% in February 2014. Statewide foreclosure resales peaked at 58.8 percent in February 2009.

Short sales made up an estimated 6.2 percent of homes that resold in February 2015, down slightly month over month from 6.7% in January 2015 and down year over year from 9.0 percent in February 2014. Short sales are transactions in which the sale price fell short of what was owed on the property.

The typical monthly mortgage payment for California home buyers in February 2015 was $1,394, up from $1,379 in January 2015 and down from $1,405 in February 2014. Adjusted for inflation, the February 2015 typical payment was 39.7% below the typical payment in the spring of 1989, which was the peak of the prior real estate cycle. It was 51.1% below the current cycle’s peak in June 2006 and 51.2% above the January 2012 trough of the current cycle.

Source: CoreLogic DataQuick; DQNews.com

Average OC Lender Mortgage Rate
As of February 26, 2015, the 30-year fixed was 3.80 percent, and the 15 year fixed was 3.07 percent.

ZIP Codes: 92807, 92808