The Tables Have Turned in Southern CA - It's a Seller's Market!

Across the country and throughout Orange County, the real estate market has made some dramatic shifts in the last few months. Right here in North Orange County, the number of available listings has decreased so significantly that offers are being made and accepted before properties hit the MLS. Most homes are receiving multiple offers above asking price, which may demonstrate that the market is in an upswing. While this may appear to benefit sellers, the number of Orange County homeowners listing their property has already dropped 12%, which is the lowest it’s been in nearly nine years.

Even though some homeowners want to list their home—and it seems like the right time to do it—they need to ensure they have somewhere to go.

With this current market stabilizing and perhaps improving, North Orange County is reporting less short sales and foreclosures. This certainly seems like a good sign for things to come and is excellent news to homeowners. But, for those looking to buy, be it investors or first-time buyers, right now it’s all about who you know and who they know.

If you are looking to sell in your property, now is the time: buyers are looking, prices are on the rise and homes are selling fast. Just make sure you have somewhere to move before you sell!

 

For questions about buying or selling your property in North Orange County, and the surrounding areas, call “JoSal Your Real Estate Gal” at 714.612.6446 or visit her on the web at www.HomesByJoSal.com.