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Housing View Other Metric Periods
July 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. June 2014 saw a milestone increase in the median, rising by $5,000 to a countywide median price of $600,000. This is the highest median home price since August 2007 and an increase of $55,000 over the previous June.
  • Average apartment rents for Orange County have spiked with housing price growth, with an average of $46 higher rents in 2014 compared to the previous year’s equivalent average. The Orange County average rental rates in June 2014 are the second highest for the year thus far, increasing since the previous month to an average of $1,736 – a small boost of $6 versus May 2014 and an increase of $49 compared to last May. The gap between years is slowly closing, implying a stabilizing price level for rental homes.
  • The number of residential building permits in Orange County receded significantly in January 2014 but saw ample growth in February 2014. Orange County permits fell slightly to 872 in May, the first month-over-month decline in new residential permits for Orange County. Nonetheless, permit activity is up since the previous year supporting healthy growth. Irvine comprised a smaller share of permit activity than usual, claiming only 23 percent of May’s residential permits. Anaheim leads permit activity for May 2014, with 427 permits recorded – nearly 50 percent of the county’s permits in this month.

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 2004-2014
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




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

Orange County’s median home price is compared to other regions, showing the year-over-year and month-over-month change in value.

Source: Dataquick



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 2009 - 2014
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