Each month Redfin, a real estate brokerage (with agents in Anaheim), pulls neighborhood data on how frequently homes are selling, and at what price. If you are thinking about buying or selling a home in Anaheim, the data gives you a glimpse at how easy or difficult it will be based on recent market trends. Read on for more information on the state of the Anaheim real estate market over the past 90 days.
PRICES: The prices of sold homes in Anaheim continue to rise
Year-over-year, home prices have gone up in Anaheim. At this time last year, the median price for homes that sold was $232 dollars per square foot. Now, the median price per square foot is $282 dollars. That number has continued to rise since Feb. 2012, when prices were at their lowest level, at $220 dollars per square foot.
WHAT IT TAKES TO BUY: The market has cooled but remains competitive
Over the past 90 days, the average number of offers on homes for sale in Anaheim was 2.1. The median sale-to-list price was 100.4%, which means that most homes sold for slightly over the asking price. A total of 696 homes sold, and the median list price of those homes was $475,000. The average down payment on those homes was 19.7%. When you look at all the numbers, you can see that the market is competitive, and buyers are offering a substantial down payment and sometimes more than the asking price to land the home.
BIDDING WARS: Speed and flexibility key to purchasing your dream home
For each neighborhood that Redfin covers, Redfin real estate agents post information on what it took to get their client’s offer accepted, or why the offer was rejected. These posts are called “Offer Insights” and give you insight into what it takes to win when there are multiple offers on a home. In Anaheim there is a lot of demand for homes, which means sellers can be picky as to which offer they accept. Based on recent offer insights, homebuyers in Anaheim need to be prepared to offer the full price (or more) for the home, have a large down payment, move quickly, and be prepared to remove contingencies in the offer. Here are a few examples:
- “Buyer made an initial offer well over list price. Was countered asking to remove appraisal contingency and submit highest and best offer. Buyer accepted Counter Offer #1 and left their offered price as is. Per listing agent they had multiple other offers over our highest and best offered price.”
- “Buyers presented an under asking priced offer on an Anaheim flip home. Sellers had multiple offers and accepted an offer that had a higher price, more of a down payment and the capability to close faster.”
How Anaheim Compares
The prices of homes in Anaheim are slightly below average when compared to nearby cities. Check out the chart below to see how Anaheim compares:
|Nearby City||Median List $||$/Sq. Ft.||% Sale to List|
Homes for sale in Anaheim
The following listings are examples of homes for sale in the area, at varying price ranges. To check out additional homes for sale in Anaheim, visit Redfin.com.
Most Expensive Home in Anaheim
560 South Peralta Hills Dr
7 bd 8.25 ba
Listed by: Tarbell Realtors
Least Expensive Home in Anaheim
1008 South Citron St #12
2 bd 1 ba
Listed by: First Team Real Estate
Most Popular Home in Anaheim (based on views at Redfin.com)
2205 South Oertley Dr
3 bd 2.5 ba
Listed by: Mac 1 Funding
If you’re thinking about buying or selling a home soon and have any questions on this information, I’m happy to help. You can read my recent reviews from clients and view my contact information on Redfin.com.