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Orange County Home Values.. what is yours?
Can you believe it… we are already mid-month in August.  Fall is just around the corner.  It seems people are finishing up vacations and or taking kids back to school as overall the market has quieted down.  But to be expected with the summer distractions!  The biggest change in the market in July was in the inventory, with about a 10% increase over last year.  The increase came a bit early this year, we don’t normally see the increase till late August/September. 
Of course with the jump in inventory, we see a stabilization of price gains and homes not snatched up are seeing reduced pricing.     Though homes priced below the median are hot, hot, hot!
 
July 2016 Real Estate Recap:
 
Detached Median OC Price:  $739,000 up 1.6% - up 4.9% year-to-date Attached Median OC Price: $443,00 up 5.5% - up 7.1% year-to-date Average Days on the market:60 Months of Inventory (Overall) 3.75 up 10% from 2015 Sales Volume: Down 13% from 2015  
Below is a complete look from the Orange County Association of Realtors:
Looks like the O.C. is becoming more of a balanced market towards the 4th quarter of 2016.
WHAT'S THE VALUE OF MY ORANGE COUNTY HOME?
 
It always makes me wonder why sellers ... more

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