Orange County Real Estate Report March 2014

Orange County Real Estate – Will there also be a flood of Real Estate deals this month?

Kicking off the month with a wet start our Orange County Real Estate market is primed to take off at any point. We have been trucking along at a pretty steady rate the past few months and with Spring in the air, well wet in the air as the month begins but spring is right behind it, we are ready for take off.

Active Inventory  -ticking up

Active inventory is starting to rise but remains city specific for Orange County Real Estate. Expect to see this number continue to rise but remember real estate is hyperlocal so make sure you take into account your particular city’s situation.

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 mar 2014 copy.004

Sales Prices - slight uptick but still in range

Orange County Real Estate sales prices did move up a bit last month but are still in range of where they have been the past several months. This number should start trending upwards shortly assuming our market follows the same pattern of the past few years.

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 mar 2014 copy.002

Months of Inventory - rose a bit as expected

Rose with more inventory and less volume. Really not an issue at this point and this number should start trending downwards as the year progresses.

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 mar 2014 copy.005

Volume - slight drop for a short month

Just a slight drop but we do need this number to start to rise if we want to have anywhere near the year we had last year. We really don’t want to be hanging around 12 month trailing lows for very long so let’s hope this number rises next month showing renewed health in the market.

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 mar 2014 copy.003

Days to Sell - flat

Since we represent a good number of sellers we hope this number starts dropping quickly. Getting back to around 60 days would be great for sellers and a great statement on the overall health of the real estate market.

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 mar 2014 copy.006

What all this Means to:

Sellers –  You made it through what is probably going to be the slowest market for a few months so prepare for an increased in activity. This increase may come slowly so also prepare yourself for that  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 - Your window is closing for at least a few months. The Orange County Real Estate trend tends to be once prices start rising they continue to do so until around Thanksgiving 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 March 2014
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The Orange County Real Estate Report for March 2014 brought to you by your leading local real estate team 949hometeam helping buyers and sellers in the 949 since 1999
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