The Orange County Housing Market has heated up even more these days.  Those of us involved with real estate sales at Orange County have known for several months that buyer demand and sales have improved, particularly for homes at under $500k.

We and other Orange County REALTORS and real estate professionals have written and presented lots of purchase offers during the past ninety days. 

Why aren't some purchase offers been accepted?  Here's our experience:   

• Heated buyer demand
• Competition from other buyers
• Multiple offer situations
• Some buyers have expectations of success based upon 2008 slow market
• FHA buyers with 3.5% down are unable to compete with investors
• Owners are more confident now  

O.C. shoppers bought 2,985 homes during 22 business days ending August 24, which is up 6.6% as compared with one year ago buying.  So Orange County home sales continue on an upswing.    See Jon Lansner article at Orange County Register (click here). 

(Median Orange County Home sold prices during those 22 business days was $420,000, which is still 35% below June 2007's peak of $645,000.)

Orange County is a great place to work and live, with some of the best schools in the state.  Buyers and investors know this and see real value, buying more homes each day. 

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Contact us if you have questions about Orange County homes and real estate.  Thanks.  Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA.