- 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.Housing prices have tremendously appreciated year-over-year
and have rapidly recovered, surpassing all median home prices
for the County since 2008. April 2013’s median home price is $535,000,
an increase of $30,000 since March 2013 and an $115,000 increase
over March 2012.
- Average apartment rents for Orange County have spiked with housing price growth,
nearing $100 more on average than the previous year. For April
2013, the average rent totaled $1,638, a slight decline of $13
compared to March 2013 but a $47 increase year-over-year compared
to April 2012.
- 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 March 2013. All counties except Alameda/Contra Costa County
saw a month-over-month decline in permits issued from February
2013 to March 2013.