Southern California Home Prices are Rising Quickly!
Home prices in Southern California are starting to take off again in some counties! Orange County and Riverside County saw the median home price increase by over 4% from January 2022 – February 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.
Some Counties are Appreciating more than Others
Other counties did not see quite the same level of appreciation. We also cover what happened in Los Angeles County, San Diego County, and San Bernardino County. Every county saw the median home price increase, but some saw more than others. In this video we are analyzing the median home price for all property types and in all price ranges. If you would like to learn more about any of these topics please feel free to let me know and I will send you the articles you are interested in.
Residential Real Estate is Local
All housing markets are local. Some states, counties, cities, and ZIP codes will perform better than others. If you want to get a detailed analysis for your city, ZIP code, or even your specific neighborhood please let us know. We can prepare a free Home Valuation Report for you. It will include detailed information about some of the most recent home sales in your neighborhood.
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