Trulia recently analyzed median home values from the period 1986 to 2016 of the 100 largest metro areas.
What was learned is that real estate in the Western U.S. (metropolitan areas in California, Oregon, Washington, and Hawaii) generated the highest return of investment, fetching nine spots in the top ten. Trulia determined that people's rising income in the region along with new housing developments were largely responsible for adding to the region's housing price appreciation.
In Orange County, CA the historical statistics are
1986 median home value: $143,210
2016 median home value: $643,483
Gain: 349.3%
For new homes in the period ended Aug. 8, 2016, Orange County’s median selling price was $742,000, a decline of 7.2 percent from the prior year.
Reports from analysts at PropertyRadar and the California Association of Realtors showed.
1. Sales Decline: Californians purchased 37,823 single-family homes and condominiums in July, which is a decrease of 12.8 percent from July 2015. Year to date, home buyers have purchased 2 percent less from 2015.
The median price of a home in California was $438,000, an increase of 5 percent from 2015. The median-priced for a condo was $417,000, which is a rise of 4.3 percent from $400,000 in July 2015.
Less all-cash buyers in 2016: Does it mean there's less cash-rich buyers or just more people applying for and getting financing? Not really, as there were 13 percent less buyers not obtaining mortgages in July compared to July 2015. All-Cash purchases accounted for 18.1 percent of total purchases compared to 19.9 percent from July 2015, and 40 percent of all purchase transactions in August 2011.
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