Median price for existing OC house: $760,000 (LA & IE prices rise faster than OC) (San Diego: rent, condo)

[LuvSouthOC]

Originally Posted by pacific2

Up, up and away.

Southern California house prices hit 10 1/2-year high, Realtors report
https://www.ocregister.com/2018/04/1...altors-report/

"The median price of an existing Los Angeles County house, for example, jumped 13.6 percent to $528,980, Realtor figures show. That’s up $63,000 from March 2017.

Orange County’s median – or price at the midpoint of all sales – rose 8.5 percent or more than $64,000 to an all-time high of $824,450. That’s was the seventh highest median among California’s 58 counties."

Bay Area prices, here we come...

[Finper]

Originally Posted by pacific2

Up, up and away.

Southern California house prices hit 10 1/2-year high, Realtors report
https://www.ocregister.com/2018/04/1...altors-report/

"The median price of an existing Los Angeles County house, for example, jumped 13.6 percent to $528,980, Realtor figures show. That’s up $63,000 from March 2017.

Orange County’s median – or price at the midpoint of all sales – rose 8.5 percent or more than $64,000 to an all-time high of $824,450. That’s was the seventh highest median among California’s 58 counties."

OMG

[BRinSM]

Originally Posted by LuvSouthOC

Bay Area prices, here we come...

Doubtful.

[LuvSouthOC]

Originally Posted by BRinSM

Doubtful.

OC simply does not have more than a fraction of the Bay Area's many high salaried positions, so I concede it is not likely. Nonetheless, we have moved very close in that direction. Perhaps you have not noticed the prices and compared them to the counties around us.

[BRinSM]

Originally Posted by LuvSouthOC

OC simply does not have more than a fraction of the Bay Area's many high salaried positions, so I concede it is not likely. Nonetheless, we have moved very close in that direction. Perhaps you have not noticed the prices and compared them to the counties around us.

I own a home in LA, have family and friends in OC, and currently live in Silicon Valley. Of those three, OC is the only location where I could afford a home that is close to major job centers and has good schools. OC is not cheap, but it does have surprising value when compared to LA and the Bay Area.

[quizzer25]

Originally Posted by BRinSM

I own a home in LA, have family and friends in OC, and currently live in Silicon Valley. Of those three, OC is the only location where I could afford a home that is close to major job centers and has good schools. OC is not cheap, but it does have surprising value when compared to LA and the Bay Area.

+1
Lived in bay area for 8 years before moving to OC.

[Electrician4you]

Originally Posted by pacific2

Up, up and away.

Southern California house prices hit 10 1/2-year high, Realtors report
https://www.ocregister.com/2018/04/1...altors-report/

"The median price of an existing Los Angeles County house, for example, jumped 13.6 percent to $528,980, Realtor figures show. That’s up $63,000 from March 2017.

Orange County’s median – or price at the midpoint of all sales – rose 8.5 percent or more than $64,000 to an all-time high of $824,450. That’s was the seventh highest median among California’s 58 counties."

Wow.

Originally Posted by BRinSM

Doubtful.

Never say never. At one time if someone told me that my house or my rentals would be worth well over 1/2 of a million to well over over a million I would laugh. I’m not laughing.
All it’s gonna take to make the market here go nuclear is the big Internet powerhouses like Amazon or Google or Facebook say we’re gonna open up a second headquarters in LA or OC. You’ll have 25% increases within a day of breaking ground.

I had a friend who moved to SF bay. The has to fight to get a place. Paying $3500 a month. The LL told him as he was signing the lease that expect a $500 increase when the lease comes up for renewal. My buddy had a job offer at 165,000. He could barely keep up. Ended up moving. He figured he was gonna need 200,000 to make ends meet.

When they broke ground at the Rams stadium in Inglewood literally overnight the prices of every structure within a square mile doubled in price.

[BB_210]

We bought this past December in central/north OC for $650. We keep getting redfin mailers of the "new" value, saying it's now at $830. I highly doubt the number, but I can believe it would go for $700+.

[CaliRestoration]

Most of my home purchases in South OC are up 30%-50% since 2012.

[BB_210]

Originally Posted by CaliRestoration

Most of my home purchases in South OC are up 30%-50% since 2012.

I had a property appraised at end of 2016 that I bought in 2012 and it was about 40% up.