Orange County Real Estate Report March 2015

Orange County Real Estate -the market is starting to heat up

Things in Orange County Real Estate are starting to heat up as sales volume rose along with active inventory and the average days to sell fell. Look for this trend to continue as we work our way towards summer.

Active Inventory -rising nicely as the year progresses

Look for more home to hit the market as summer approaches.

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 march 15.004

 

Sales Prices - slight rise but still a steady and stable number

Sales prices is holding firm within a range, as we expect to occur throughout the year. We are in a stable and steady market so we shouldn’t see any wild swings in the median sales price as long as we remain in this type of market.

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 march 15.002

Months of Inventory - slight rise but still in range

Expected with more inventory coming to market, expect this number to start dropping 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 march 15.005

Volume - slight rise

Moving up from a slow January. This is another figure we expect to see rising over the next few weeks as the market starts to take off.

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 march 15.003

Days to Sell – nice decline

Decent decline over a 12 month high. We expect this number to continue to fall.

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 march 15.006

What all this Means to:

Sellers -Again this is a stable and steady market. Your home will sell in a reasonable amount of time at a reasonable price in comparison to comparative recent sales so don’t expect offers in hours at tens of thousands over the last sale  like we had during the bubble blow up. The market is a lot more stable and predictable right now so take advantage of it. Marketing is really essential in this type of market to present your home the absolute best way possible to lure more potential buyers through your front door because in this type of market you have to put more attention into competing for eye balls and buyer attention.  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 have a great market right now; lots of options, low interest rates and stable prices. There is nothing suggesting prices will be coming down anytime this year so buy now before the market begins to rise while you have time to make a decision and options to consider. 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 Swift

Broker Associate

 

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Orange County Real Estate Report March 2015
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The latest Orange County real estate report including charts, graphs and analysis brought to you by your leading local Orange County real estate team.
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