Home Price Update for Southern California
Home prices in Southern California are continuing to rise at a very fast pace! Orange County, Los Angeles County, San Diego County, San Bernardino County, and Santa Barbara County all saw the median home price increase by over 4% from February 2022 – March 2022. This is an absolutely massive price increase in one month. This is a similar rate of appreciation that we saw to start 2021. If home prices continue to rise at that rate, 2022 would be another year of massive home price appreciation in those counties.
Other counties did not see the same level of appreciation. We also cover what happened in Riverside County and Ventura County. They both had increases in the median home price, but it was at a slower rate. In this video we are analyzing the median home price for all property types and in all price ranges. We also cover the Year-to-Date appreciation for each county. Some counties saw double-digit price appreciation from December 2021 – March 2022.
If you want a detailed analysis like this for your city and ZIP code just let me know. I also offer free Home Valuation Reports. If you want to know what your home might sell for, I can put together one of these reports for you. Simply call, text or email me anytime if you want one.
Below are a few interesting charts related to housing market values:
Stocks vs. Home Values: https://www.longtermtrends.net/stocks-to-real-estate-ratio/
Home Values vs. Median Income: https://www.longtermtrends.net/home-price-median-annual-income-ratio/
Home Values vs. Inflation https://www.longtermtrends.net/home-price-vs-inflation/
Get More Real Estate News: https://stellarquest.com/category/news/
StellarQuest Real Estate – Lic #02077900
www.StellarQuest.com Video
By: Tim Hamilton
Broker Associate
Lic# 01959966
(714) 486-4086
timsellsca@gmail.com