My post on Monday inspired to me to dedicate this week’s posts to the pristineVilla Park. Villa Park may only consist of 2.1 sq miles, be entirely surrounded by the City of Orange, and have only 1,900 homes with only 6,500 people living in them, but it’s a small town that packs a mighty punch in desirable real estate.
And, why is Villa Park so desirable? Try the small town feel or the lowest crime rate in Orange County, or, better yet, try the highly rated schools. The median list price in Villa Park is $1.4M and the median sold price is $900k. With those numbers alone, it’s not hard to tell what demographics live in this city. Let’s try well-educated, high wager earners to start. It’s no wonder I think of Villa Park as the millionaire acres from the Game of Life.
A while back I posted on how Orange homes just neighboring Villa Park were more desirable. Just being close to this place helps you sell your house. And check out how Villa Park’s real estate has fared in comparison to it’s surrounding neighbor of Orange. In just looking at the list prices (more data available for list prices; so few sold that one abnormality throws the trend off), we see that, yes, Villa Park has dropped, but not so drastically. It’s performing more like Newport Beach, another millionaire acres, rather than its encompassing friend Orange.
Villa Park House: $/Sq. Ft. Orange House: $/Sq. Ft.
So, what can you get for your money in Villa Park? Well, you better have a lot of it. I checked out properties that have seen price reductions in the last few weeks and here’s what I found: