The statistics surrounding Anaheim real estate showed both positive growth and negative steps back as the local economy and real estate market has tried to recover amidst the global economic crisis. According to recent Yahoo! Real Estate reports, Anaheim’s homes for sale had a median price of $365,000 in October which marked a 1.4 percent increase from the previous month while foreclosures rested at $358,572, a 0.6 percent decrease. The biggest hit was taken in the new homes sector where the median price dropped over ten percent to just under $458,000. Overall, though,
Real estate reporter for the OC Register Marilyn Kalfus recommended that people looking into discounted Orange County homes look at Anaheim homes for sale. According to MDA DataQuick and The Register, Anaheim’s many zip codes have fallen between three and ten percent from 2008 but have increase sales and have been able to maintain satisfactory median sale prices. As of October, the median sale price of an Anaheim home was about $392,000, very close to the median selling price for all Orange County homes, which was $429,000. These numbers show that Anaheim has remained relatively steady compared to several other regions in the Southern California area that have lost significant amounts of value since the peak of housing prices in 2007.
The OC Register also talked to an economist from the Institute for Trend Research in New Hampshire, Alan Bealieu. He says that “We don’t think the U.S. returns to sustained growth until after 2013. If you’re holding your breath waiting for 2007 to return you die. We’re not going back there.” Several analysts of the current economic conditions and real estate markets across the nation recognize real estate in Anaheim as some of the best because of Anaheim’s location relative to the rest of Orange County’s glitziest and priciest homes and properties. Analysts also recommend that buyers with available cash make purchases now, as prices should only increase as the United States economy begins to recover and revitalize itself.
