As a full time realtor in Orange County since 1999 I’ve been around long enough to see all the ebbs and flows of Orange County Real Estate. We had the rise starting in 1998 all the way through 2007 then the downturn through fall of 2010 with all the short sales and foreclosures to the slow rise up in 2011 to the crazy spring of 2013! But in between all that craziness are the little sudden stops and starts like we experienced June of 2013 when Federal Reserve Chairman Ben Bernanke discussed scaling back on Quantitative Easing. Just the mention of this sent the interest rates skyrocketing up 1% point. Yes they were low but as you know a 1% rise in interest rates reducing a buyers buying power thus putting a significant slowdown in the rise in prices and home purchases. Of course they didn’t do anything at that time and slowly the market shifted back to where it was but it had an impact.
These little hiccups, if you will, are generally unnoticed by the general public. But I noticed them because I keep updated on all the things that impact the real estate market. With that said several weeks ago there was a shift in buyer interest. We are now seeing properties that were languishing on the market snatched up quickly and in many cities like, Dana Point, Laguna Niguel, and Aliso Viejo to name a few homes are selling quickly with multiple offers and many lately they have been over asking price! This upward move is a great time to get your home on the market and make your next move.
The Orange County Real Estate market moves on a week to week and sometimes a day-to-day basis. As your full time Orange County Realtor I will keep you informed on the sudden changes so that you too can take advantage of them and make informed decisions.
Contact me today for a complimentary consultation on the market so we can strategize on how to accomplish your real estate goals.
949 599 6860