In Anaheim Hills, the median resale price for a single-family residence in November 2008 was $545,000 (zip92807) and $528,000 (zip92808). This represents a decrease of -6% in 92807 and a decrease of -38% in 92808 compared to the same month last year. Keep in mind that monthly statistics can be misleading as they may only represent 1-15 homes sold within a particular zip code. The median price per sq. ft was $285 in 92807 and $298 in 92808.
Orange County Real Estate Market The median price for a resale single-family detached home for November 2008 was $430,000 a -34.4% decrease compared to the same period last year. The median price per sq. ft was $278.00 The total of all homes sold in November was 1,365 The total of all condos 575. A decrease -38.0% from the same month last year.
California An estimated,32,163 new and resale houses and condos were sold statewide last month. That was down 24.0% from 42,293 in October and up 25.7% from 25,578, in November last year.
Sales have increased on a year over year basis over the last 5 months. California sales for the month of November have varied from last years low, to a peak of 60,326 in 2004 .
The median price paid for a home in California was $258,000, down 7.2% from $278,000 for the month before, and down 37.7% from $414,000 in November a year ago.
Average Mortgage Rate As of January 01, 2009, the 30-year fixed-rate mortgage averaged 5.01percent, 15 year 4.65 percent , 1 year adjustable 4.95 percent.
