Orange County Real Estate Report February 2014

Orange County Real Estate – Are You Ready For Some Real Estate?

Now that the Super Bowl is over (congratulations to the Seahawks) the real estate market is ready to take off.

READ ABOUT THE DODD FRANK CHANGES HERE

Active Inventory  -remain on the lower side

Already this number is starting to tick up day after day, however this is VERY city specific so while some cities may be seeing a dramatic rise in inventory others are still very low. Overall we expect this number to just climb upwards from this point through the summer.

ORANGE COUNTY REAL ESTATE ACTIVE LISTINGS

The chart below represents single family homes, town homes & condos for all of Orange County.

orange county real estate report feb 2014.004

Sales Prices - continues to hold firm

Prices seem very committed to holding their gains over the past year and we only expect Orange County Real Estate prices to trend upwards going forwards.

ORANGE COUNTY REAL ESTATE MEDIAN SALES PRICE

The chart below represents all single family, town homes, and condos in all of Orange County.

orange county real estate report feb 2014.002

Months of Inventory - rose a bit as expected

This rise is really a seasonal factor, expect to see if start to fall over the next few weeks

ORANGE COUNTY REAL ESTATE MONTHS OF INVENTORY

The chart below represents all single family, town homes, and condos in all of Orange County.

orange county real estate report feb 2014.005

Volume - feel sharply

Let’s chalk this one up to post holiday hangover and pre Super Bowl preparations. This number ought to climb steadily and impressively over the next few weeks.

ORANGE COUNTY REAL ESTATE VOLUME

The chart below represents all single family, town homes, and condos in all of Orange County.

orange county real estate report feb 2014.003

Days to Sell - rises on us yet again 

Another seasonal factor, expect to see this number starting to trend down as the weeks go by.

ORANGE COUNTY REAL ESTATE DAYS TO SELL

The chart below represents all single family, town homes, and condos in all of Orange County.

orange county real estate report feb 2014.006

What all this Means to:

Sellers –  The slow days are most likely over for Orange County Real Estate sellers. Traditionally our market really starts to take off after the Super Bowl so expect to see rising volume as more and more people house hunt heading into summer.  If your curious how much your home is worth in this market simply fill out this home valuation request and I will gladly email you your free home value report.

Buyers - Buyers really had a great couple of months but tradition and statistics say that window is closing. If volume rises as expected buyers negotiating strength will erode quickly and price appreciation may price you out of the home of your dreams. So if you have been considering buying it might be best to do it now rather than wait.   If your  thinking about buying feel free to contact me and we can go over what’s going on and what your options are.

For more information or more details on a specific city please contact me direct at 949 599 6860, thanks Sherry

Find out how much your home is worth now with our home value email report

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Orange County Real Estate Report Feb 2014
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The Orange County Real Estate from your leading local real estate team 949hometeam! The market is tan, rested and ready to take off now that the super bowl is in our rear view.
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949hometeam

Providing the highest level of personal service in South Orange County Real Estate. Helping buyers and sellers in the 949 since 1999! Google

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