- Housing prices have
greatly appreciated year-over-year and have begun to forcibly
recover – March 2013’s median home price is $505,000, an increase
of $28,000 over February 2013 and an $85,000 increase over February
2012. This is the highest median home price seen since April 2008.
- Average apartment rents have spiked with housing price growth, nearing $100 more
on average than the previous year. February 2013 saw an average
rent of $1,630, a $39 decrease from the previous month but trending
upward, but March 2013 brought the average rent back to $1,651,
a $21 increase over the previous month.
- The number of building permits in Orange County spiked drastically in April 2011,
Before regressing back to average 2010 numbers in July 2011. 2012
was overall a healthier period for housing permits, with relatively
sustained growth throughout the year and currently carrying momentum
into February 2013.