Tag Archives: average home cost orange county

OC median home price tops $700k–a new record!

Home for sale in Dana Point. Click photo for details.

According to this article from the OC Register, property values throughout Orange County have risen to a record high for the third month in a row.

Highlights from the article:

  • The median price of a home hit $710,000 last month, up 10.9%
  • That’s up $25,000 from August’s median of $685,000, the sixth-biggest one-month price gain in records dating back to 1988
  • Home prices also rose in September throughout Southern California, pushing the regionwide median to its bubble-era high of $505,000 for the first time in a decade

Last month’s median almost elevates Orange County home values to Bay Area levels, where the nine-county median was $742,000 in August.

Will values keep going up? Only time will tell.