Haninge Orange afoot County Homes – Sales up 10.1%, Prices Down 5.4%
According the Orange County Register, the number of homes sold has increased in the past year.
This would come as no surprise to many of my buyers who have had to make several offers, sometimes over listing price to compete in a market of few homes in certain price ranges.
In a time when some are heard to shout that it’s a buyers’ market, you may wonder how this can be. It’s basic supply and demand. In Costa Mesa, there is just over 2.5 months of inventory (meaning if no additional homes were put up for sale and sales continued at the current rate, how long it would take for all the current homes to sell)
You may have heard that real estate is local. Looking at the numbers for Orange County homes shows how true this is. Corona del Mar had a 110% increase in sales over last year, and median price drop of 24.3%. On the other hand, Laguna Woods had a 39.3% drop in the number of sales.
If you’re curious to learn about the numbers in your area of Orange County, please contact me at 714-319-9751.
Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!
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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.
Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.
Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
Click Orange County homes for sale to view all OC homes for sale. Copyright © 2009 by Christine Donovan, All Rights Reserved. Costa Mesa Real Estate Minute August 9, 2009 – Costa Mesa Market Report.