Orange County CA Home Selling Markets are Solid with Buyers

By
Real Estate Sales Representative with Coldwell Banker Previews, Irvine, South OC

ORANGE COUNTY HOUSING MARKET 

Jon Lansner at the Orange County Register reports about of local Orange County CA real estate markets.  I like his recent article - "Foundation builds for rebound in O.C. housing" - June 3, 2012, and here are some highlights:

  • April 2012 was the busiest Orange County home buying April since 2006.
  • 57 of 83 Orange County zip areas had year-over-year sales sales up - for thirty days prior to May 8, 2012.
  • OC beach towns recent home sales during that time were up 25 percent from last year.
  • South county inland areas had 14.3 percent home sale increase compared with last year.

HOME SELLING 2012

I also like the Steven Thomas at his ReportsOnHousing.com, and here are some highlights from his article as of May 24:

  • "Market time” is benchmark on how many months it theoretically takes to sell the entire inventory in the local MLS for-sale listings at the current pace of pending deals being made.
  • “Market time” was 1.57 months for Orange County buyers to buy all homes for sale at current pace vs. 3.68 months a year ago.
  • All OC home selling markets were faster during this time than one year ago.
  • Home Buyer demand at OC is very strong, with tight inventory of homes for sale.
  • Orange County home buyer demand is expected to remain strong through summer months this year. 

LIVE AT ORANGE COUNTY

 

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Information source is Jon Lansner, OCRegister.com and ReportsOnHousing.com

HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – attorney member of the California State Bar Association #69137

Professional REALTOR® agent representation - help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County CA real estate

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