Orange County Real Estate Report November 2013

Orange County Real Estate – We are looking like we are in a pretty stable market for now

Active Inventory  -slight bump up

A rise in Orange County homes for sale is a benefit to buyers as more homes hit the market. As long as that number doesn’t move up to much Orange County real estate home sellers still have a very good market as well.

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

oc real estate report nov.004

Sales Prices - continues to level off

Orange County real estate prices have firmly planted themselves at this level and expect it to be that way through the rest of the year, so if your planning on selling your home price it at or around the most recent comparable sales so you get the type of attention that gets a home sold.

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

oc real estate report nov.002

Months of Inventory - leveled off

As long as we stay in this range Orange County real estate is looking like a pretty stable market which benefits both buyers and sellers.

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

oc real estate report nov.005

Volume - the drop off has dropped off a bit

While volume did drop it dropped a lot less than it had been dropping again hinting that we are in a pretty stable Orange County real estate market.

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

oc real estate report nov.003

Days to Sell - moving upward but slower

Sure it takes on average 62 days to sell a home in Orange County but just this time last year that number was 82, so while we are experiencing a slight temporary increase in the number of days to sell this number is also indicative of of stable Orange County real estate market. .

oc real estate report nov.006

What all this Means to:

Sellers -nothing shocking here, the market has moved neutral and remained that way as the holiday season hits, just as we expected. So price your home close to the recent comparable sales, make it available to show, promote it with good materials and have open houses and you will get offers. If you price it above market you need to either be prepared to lower your price, or just wait it out till the market catches up to you, but you won’t find buyers willing to pay over market for a home right now.

Buyers - this is the best time all year to be a buyer. You have options, you have stable prices and you have sellers looking to make deals with you. While nobody can predict the future if next year is anything like this year those who buy right now will be glad they did! If your curious about a particular area 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

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Orange County Real Estate Report November 2013
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Orange County real estate information including charts and graphs as well as insight from inside the trenches. Get the latest information on Orange County homes for sale and what is going on in the Orange County real estate market
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