Right now, the Orange County real estate market is just as much a buyers market as it’s a sellers market because, everyone who is involved in this real estate market is enjoying low interest rates and excellent home prices which make the Orange County a great place for buying and selling.
Orange County Real Estate Market Breakdown
As of June 1st 2012, the average price for a home in Orange County California was $480,000 while the average price for a condo was $281,000; both of these prices are up overall compared to the same time last year and that’s good news for those Orange County realtors who waited for the real estate market to hit bottom and now are excited that we can only look up.
Aside from the increase in home values Orange County also has reason to celebrate in the development of new home communities being built around the Orange County area including The Branches, the first new home development to be built in OC within the last 15 years.
The Orange County real estate market has showed continued improvement for the last six months and people are flocking to Orange County to get their piece of the California real estate market.
You’ve Got To Be A Deal Hunter
For those home buyers who think that there aren’t any home deals left in Orange County, think again, there are plenty of home deals out there for under $400,000 but those deals are going quickly. To make sure that they get the home that they really want, Orange County home buyers should hire an assertive Orange County realtor because, in this market you have to act fast or risk missing out on a great home deal.
Home prices in Orange County are still lower than they were in 2003 so, if you’ve ever wondered what it would be like to go back in time, this is it, but these low prices may not last for long with our low inventory so you should contact our top Orange County realtors at Fred Sed & Associates today. We’re on top of the real estate market and will help you to get that Orange County home or condo that you’ve been dreaming about.