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What’s Happening in the Coastal Orange County Market?

Posted by astavros on May 16, 2017

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What’s going on in the coastal Orange County market right now?

The number of new homes coming onto the market is down 9.6% compared to April 2016 and the number of homes going under contract went up 1%. Of those homes, they stayed on the market for just 68 days on average compared to 108 days this time last year.

We have fewer homes available,

but more homes are selling than last year.

 

Not only are there fewer homes available, but we can see that more homes are selling, and they’re selling at a faster clip.

If you want to buy a home in this market, you’re probably pretty frustrated and wondering what happened to all the homes that were supposed to hit the market this spring. As a buyer in this market, it’s more important than ever to contact me so we can strategize to find a home. It’s important that once you find the right home for sale, you structure an offer that stands out from the others.

If you considered selling your home this year, you might want to consider selling it right now. We know inventory is extremely low and the demand from buyers is very high; unless you have a great reason for waiting, contact me soon for a strategy session so you can take advantage of this hot market. I look forward to helping you!

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Andy Stavros

Broker Associate
949.290.0139