Read my blog

11
Jan

Orange County Housing Report

Most of 2016 offered the same monthly housing market highlights. As evidenced in the Orange County Housing Report the number of homes for sale was drastically down in year-over-year comparisons, along with time on the market and supply. Meanwhile, sales and prices were up in most markets. Unemployment rates were low, wages improved and, as the year drew to a close we elected a new president and mortgage rates increased.  neither of which are expected to have a negative impact on real estate in 2017.

Year over year new listings were down 9.2% for single family homes and 0.4% for townhouse-condo properties. Pending sales decreased 41.6% for single family homes and 41.0% for townhouse-condo units.  

The median sales price was up 4.5% to $626,000 for single family homes and up 4.9% to $398,444 for townhouse-condo properties. The supply of housing inventory decreased 12% for single family homes and decreased 14.3% for townhouse-condo units.

The general feeling about prospects for Orange County Housing for the immediate future is optimism. Despite continued challenges in this market, like low inventory and higher competition, there are still opportunities for buyers who are prepared to be creative and diligent.

For help with buying or selling real estate in Orange County please contact me.

To search for property please visit my website at www.fieldestates.net

For more valuable real estate tips and reports please visit my business Facebook page at Https://www.facebook.com/AllisonJamesOrangeCounty/

Source: Pacific West Association of Realtors

Blog Archives
Your Dedicated Agent

Elizabeth Field

CalBRE Lic#00605940 Mobile: (714)914-8100

Allison James of California Inc (CalBRE # 01885684)

I´m Here To Help

If you are ready to start your buying or selling process
give me a call at 714-914-8100 - I´m happy to answer all your questions.

Contact Me Today