What’s your favorite thing about living in Orange County? Is it the wide sandy beaches, the incredible mild climate, or just the coveted Southern California lifestyle in general? Whatever it is that draws you to this beautiful place, you aren’t alone!
For the past 10 years, housing prices have been steadily rising in the OC. This is mainly due to the housing shortage and high demand for real estate. In September, the median sales price for a detached home was $1,101,508 which is more than 20% higher than the same time last year. However, we’re starting to see a dip in sale prices which is forecasted to continue through 2022.
In addition to this, mortgage rates are also anticipated to increase in the coming months after a year of record low numbers.
What does this mean for you?
Whether you’re a buyer searching for your dream home or a homeowner who’s considering selling, reach out to me. I’d be happy to get you started on the process and to help you determine what the best timing is for you to maximize your investment!