Monday, May 15, 2017

Orange County April Real Estate Snaphot

If you are hearing the news lately there are confusing reports, Inventory is low, prices are increasing, inventory is growing, etc.  Orange County is a pretty big county so it is important when reviewing the market, that home sellers and buyers narrow down the area that is specific to their needs and use the overall county numbers as a guideline.

Below is a look how the real estate market performed in April for all of Orange County from the Association of Realtors.

Orange County Detached Home Sales April 2017

Orange County April Detached Single Family:
  • The median price in April of a detached home in Orange County was $775,000 and that is just over 4% from April 2016.
  • The Average Sales Price was $1,033,391 was up 11%, which means more higher end homes are selling.
  • Currently there are just over 3 months of Inventory.
  • Number of new listing is down 10% from last year.


Orange County April Attached Home Sales:
  • The median price in April of an attached home in Orange County was $467,000 and that is up just over 4% from April 2016.
  • Currently there is less then  2.5 months of Inventory.
  • Number of new listing is down 6% from last year.

Search Available Orange County Homes

In summary the April market remained very tight driving up pricing overall. Home Buyers would benefit with more homes coming on the market. Move up sellers have a real opportunity to get top dollar for their home as interest rates remain low

What's your Orange County Home Value?

If you are thinking of a move, don't hesitate to contact Chuck to review the current market and set a strategy in place that brings you top dollar for your home.

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