In June the top community in the state with the largest jump in median home selling prices was Laguna Hills – where home prices were up 20.6% compared to the same month a year ago.  The median home in Laguna Hills in June was $375,000 – up from $311,000 in June 2008. 

Three other Orange County cities were among the top 10 with the greatest median home price increases in June compared to the same period a year ago.  Placentia had a median price of $469,000; Lake Forest had a median selling price of $425,00 and Dana Point had a median selling price of $715,000. 

Throughout Orange County the median sales price of existing single family homes fell by 14.6% in June to $488,320 compared to 2008.  The county’s median price in June was up 3% from May.  Last month single-family homes sales in the county were up 18.1% compared to last year and up 8.5% from May.  Existing single-family home sales increased at 20.1% annual rate in June and the median selling price of an existing single-family home increased 4.2% in June to $274,740.