In Anaheim Hills, the median price for a single-family residence in August was $619,000 in zip 92807 (45 homes sold) and $750,000 in zip 92808 (18 homes sold). This represents an increase of 7.1% in 92807 and an increase of 7.1% in 92808 compared to the same month last year. The median price per sq. ft. was $334 in 92807 and $282 in 92808.
Orange County Real Estate
The median price paid for a single family residence home in August was $649,000, an increase of 3.8% over the same period last year. The total number of homes sold in August was 1,898 and the total number of condos sold was 813.
California Real Estate Market
Statewide, an estimated 37,228 new and resale houses and condos sold in August. That was down 6.0% from 39,608 in July 2014, and down 12.5% from 42,546 sales in August 2013 according to Corelogic DataQuick data.
Last month’s sales were 21.6% below the average of 47,456 sales for all the months of August since 1988, when Irvine-based Corelogic DataQuick’s statistics begin. California sales haven’t been above average for any month in more than eight years.
The median price paid for a home in California this August was $393,000, up 0.3% from $392,000 the previous month and up 8.9% from $352,000 in August 2013. August marked the 30th consecutive month in which the state’s median sales price rose year-over-year.
During the March-April-May 2007 period, the median sales price peaked at $484,000; while the post-peak trough in April 2009 dropped to a median sales price of $221,000.
Of the existing homes sold in August 2014, 5.4% were properties that had been foreclosed on during the past year. That was down from 5.6% in July 2014 and down from 7.8% 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 6.0% of the homes that resold in August 2014. That was unchanged from the month before and down from 11.4% a year earlier.
Average OC Lender Mortgage Rate
As of Aug 28, 2014, the 30-year fixed is 4.10 percent, and the 15 year fixed is 3.25 percent.