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Housing View Other Metric Periods
February 2014 Metrics

Overview:
  • Housing prices have tremendously appreciated year-over-year and have surpassed all median home prices for the County since 2008, closing out 2013 at five-year highs. January 2014’s median price is $550,000, a slight decline of $20,000 since December 2013 but a $90,000 increase compared to the previous January.
  • Average apartment rents for Orange County have spiked with housing price growth, typically $60 more on average for 2013 each month compared to the previous year’s equivalent average. Average rental rates for Orange County made a recovery in January 2014, rising to an average of $1,714 (an increase of $2 versus December 2013).
  • The number of residential 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 carrying momentum into May 2013. After the large spike in building permits for July in Orange County, the following three months in 2013 has brought permits to more moderate levels. December 2013 saw 1,172 total permits for Orange County – a large spike and the second month in 2013 to surpass 1,000 active permits in the county. Unlike previous months, Irvine comprised a relatively small 16 of the total permits active, while Tustin comprised over 45 percent.
Introduction picture:  Wide view of several homes
Table of Contents (click to jump to a specific measure):



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Orange County Median Home Prices 2003-2014
Orange County Median Home Prices 2002-2010: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The median sales price of Orange County homes since 2002 is shown on this line chart showing the trend over time.

Source: Dataquick
http://www.dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx




Average Apartment Rents Orange County and by Major City
Average Apartment Rents Orange County and by Major City: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the average apartment rent for major Orange County cities and for the county average as a whole. The county average as a whole is not the average of the seven cities shown in this chart but for all the cities in Orange County.

Source: Rentbits.com
http://rentbits.com/rb/s/find-rentals




Total Foreclosures by County
Total Number of Homes Foreclosed: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator measures the number of homes that have foreclosed each month by county.

Source: Default Research Inc.
http://market.defaultresearch.com/stats/ca




Total Number of Homes Foreclosed
Total Number of Homes Foreclosed: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator measures the number of homes that have foreclosed each month by county.

Source: Default Research Inc.
http://market.defaultresearch.com/stats/ca




Building Permits by County
Building Permits by County : Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the number of building permits granted by jurisdictions in each county from December 2008 to the present time.

Source: Construction Industry Research Board



Building Permits by Jurisdiction in Orange County 2009-2013
Building Permits by Jurisdiction in Orange County: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the number of building permits granted by jurisdictions in Orange County from January 2009 to the present time.

Source: Construction Industry Research Board



Orange County Total Number of Housing Permits Granted 2007 - 2013
Orange County Total Number of Housing Permits Granted: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the number of building permits granted in Orange County since January 2007.

Source: Construction Industry Research Board
Developed and Maintained in partnership with Orange County Business Council
The Orange County Workforce Investment Board is an equal opportunity entity. Auxiliary aids and services are available upon request to individuals with disabilities.
TDD line: (714) 834-7163