2016 1st Quarter Orange County Real Estate Market Recap | Fridays with Fred

    It’s April 2016 and the Orange County Real Estate market is having another great year but, how many homes have been sold across the OC this year?

    During the first quarter of 2015 (January 1st through March 31st) we had a total of 6,048 homes sold across Orange County. Fast forward to the first quarter of 2016 and we’ve had 6,260 homes sold across Orange County.

    Great Time for You to Sell

    If you’ve been thinking about selling your home in Orange County, or elsewhere in Southern California, now is a great time to sell because, we’ve had a 3.5% increase in homes sold, year-over-year, in Orange County, and we can only expect better things to come especially as we enter the summer months.

    Besides the 3.5% increase in homes sold, we’ve also seen a 5% increase in homes values across many communities in Orange County and SoCal as a whole, and there’s still plenty of time for you to list your home since SoCal buyers will still be looking for homes even as we enter fall months thanks to the great weather here.

    Excellent Time to Buy

    Right now is also an excellent time for you to buy a home in Southern California, especially if you have a solid job, since mortgage interest rates are still at their all-time lows, and the Federal Reserve seems inclined to keep them low in order to keep the economy moving.

    Did you know that you still may be able to qualify for a mortgage loan even if you have a credit score under 600? That’s right. Thanks to FHA loans, buyers may be able to qualify for a 3.5% down payment mortgage loan, so there’s never been a better time to stop renting in SoCal, and start owning a home.

    Learn More about Local Real Estate

    At Fred Sed Realty Group we’re here for you regardless if you are planning on buying or selling a home. Contact us today by calling (800) 921-9231 or connect with us online.

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    Our agents write often to give you the latest insights on owning a home or property in the local area.