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U.S. vs. Brea home values: How do they compare?


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A rendering of the new Brea Improv planned. Construction started this week. (Courtesy of Robert Hartmann)

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By  | jlansner@scng.com | Orange County Register
This is how Brea housing looks compared to the rest of the nation by Zillow’s math.
The online housing tracker’s national databases can help add some perspective to the high price of local living.
As of November, for example, Orange County real estate by Zillow’s math — the No. 5 nationally in housing market size — has a median home value of $696,200, 13th highest in the 1,700-plus U.S. counties tracked. That’s after surging 44.7 percent in the last five years, the 212th ranked gain nationally.
Here’s how Zillow sees home values in Brea as of November compared to some 13,000-plus other U.S. cities …
Market size: No. 1098 nationally, or in the top 9 percent.
Price: $690,100 — that’s No. 435 nationally or in the top 4 percent.
5-year gain: 40.8 percent — that’s No. 2,507 or in the top 20 percent.
10-year gain: 7.9 percent — that’s No. 4,874 or in the top 43 percent.
PS: All-time high value? $693,200 in May 2006.

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