When we say the inventory on the OC market has reached a record low, we aren't kidding. In the past decade, all years have had at least a 16% higher number of homes on the market. Take a look at the following chart to see exactly what that means:
When we say the inventory on the OC market has reached a record low, we aren't kidding. In the past decade, all years have had at least a 16% higher number of homes on the market. Take a look at the following chart to see exactly what that means:
Even in Orange County's super seller's market there are still properties that are taking time to sell. Before your judge your neighbor or beat yourself up over your failure to sell, let's take a closer look at what's actually happening in the market.
When we evaluate the current market …
View MoreThe home inventory in Orange County is starting to make people nervous, as the figures have dropped to a record low. With only 3,753 homes for sale in the entire county, the demand for well-priced property is hot and the O.C. has turned into a super seller's market.
Short sales are being swept off the market with record speeds, and the expected market time is down to 13 days. That
means that the bounty of short sale homes is slim and the likelihood of getting a phenomenal deal is even slimmer. We've talked a lot about the Orange …
The past few months have been tough on buyers here in Orange County, as the overall inventory of homes has suffered
from a dramatic drop, while the demand remains steady. This makes the competition fierce and it's a great time to sell your home.
Compared to last summer, there …
View MoreThe reign of foreclosures is over, as the number of closed foreclosure sales fell to only 8% of the market in August 2012. Simply put: foreclosures are becoming a rarity. That's great news for your neighbors, as it's an indicator that the housing market and economy are returning to its …
View MoreIf this isn't your first time on our website, you may notice
that things look different. We decided that it was time to upgrade our site and provide users with the best online real estate experience possible. We teamed up with an experienced website company and have put together this …