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.