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The Anaheim real estate market, which depends heavily on and reflects the larger Orange County real estate market, continued to improve slightly in recent months. According to an April 13, 2010 article in OCLNN, “The Orange County housing market continues to slowly improve, with an increase in prices and sales volume reported for March. According to numbers released Tuesday by DataQuick, the median sales prices for an OC home was $432,000 in March, up 12.2 percent from March 2009 and 3 percent from February 2010. Sales, meanwhile, also increased in OC: There were 2,652 sales in March, up 9 percent from March 2009.” The piece, written by Mike Reicher, continued to note that “An uptick in sales volume is common from February to March. This is the 20th gain in sales compared to the previous year during the last 21 months. The sales volume, however, is still below the historical average.”
The same general picture regarding the cost of an Anaheim home for sale was reported in an April 13, 2010 article from the OC Metro. This piece noted that “Orange County’s median home price shot up 12.2 percent in March, compared to the same time last year, according to a new report released by DataQuick. The number hit $432,000 in the period, up from $385,000 at the same time last year.” The article, written by Kristen Schott, continued to say that “The price also increased over February, when the region’s median came in at $417,000. The news points to a continued steady improvement in O.C.’s and Southern California’s residential real estate industry, according to DataQuick.”
Still, the Anaheim real estate market continued to face some serious problems, according to a May 2, 2010 article in OC Metro, which found that “Orange County’s housing market is among the riskiest in the nation, according to a new study from Walnut Creek-based PMI Group.” The piece, composed by Kristen Schott, continued to say that “The second-quarter U.S. Market Risk Index, which bases its statistics on fourth-quarter data, shows that there’s a 99.8 percent chance that home prices will decline in the Santa Ana-Anaheim-Irvine metropolitan area over the next two years.”
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