As your Orange County real estate agents, it is our job to keep you informed on local real estate trends and statistics, to help you make better choices when buying an Orange County home, selling your Orange County home, or both. Today, we’d like to also offer you tips on how to price your home properly when selling, for the best possible outcome!

The Orange County real estate market has been on fire for a while now, with constant increases in prices and sales. However, it saw a slight cool down in July. Home sales were down in July compared to July 2015, but prices still continue to increase and were 5 percent up from a year ago. Because of this, cash sales were down, which is good news for OC homebuyers who need to finance!

The number of Orange County homeowners in positive equity increased. Only 1 in 18 homeowners are in a negative-equity situation. Escrow is on the rise as well. Pending home sales were up 8 percent in Orange County!

Thirty-four percent of homes sold above the asking price in July, the same as a year ago, but down from May’s record 38 percent. So, as you can see, the market is in great shape for sellers, but sales are still down, and there aren’t enough homes on the market to meet the demand of buyers.

As Orange County real estate agents, we believe this is a prime time to sell your OC home, but pricing it properly is key! For more stats on the OC real estate market, check out this OC Register article. Here are some tips OC Register offers for pricing your home or investment property to sell:

  • Research what other homes or investment properties similar to yours have sold for in the area. Look for properties that are similar in size, location, freeway access, etc. for the best comparison.
  • Research what current homes or investment properties similar to yours are listed for on the Orange County real estate market right now. Note how many there are, what they are priced for, how long they’ve been on the market, and if they’ve dropped in price over time.
  • Research the current conditions of the market. The stats that we shared above offer a good start!

Check out the OC Register article about pricing to sell. As your Orange County real estate agents, we can help you with all of this research and information, so you can save yourself time, money and stress! We can also use our experience and expertise to help you price your Orange County home to sell right away, so that you can receive your best offer as soon as possible.

Contact us when ready to begin the home-selling process for your Orange County home or investment property, or contact us to learn more about 1031 exchange options for your investment property. We can help you with whatever path you decide to take!