Fall In Orange County

Ok this fall has not been a barn burner in Orange County. 

The statistics out of DataQuick and its analysts at DQNews the most current buying trends by tracking 98 out of the 100 largest real estate markets.  They use this data as a benchmark nationally.  It shows prices down and sales down. 

Clear Capital analysts' again shows a weak market.  Western U.S. prices fell at a 5.5 percent annual rate.  That would be the worst decline in the U.S. 

As consumer confidence continues to suffer we are going to see the market continue to drop.  Nothing in the near term would seem to be there to change the market at this time.  

As you can see in my previous blog on the market conditions for Orange County we are seeing a downward trend in prices and sales volume. 

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

www.markandtim.com

949-874-2247

 
Posted by Tim Lorenz - 949 874-2247 on 11/27/2011 02:23 PM   Comments (4)   Market Trends in the Real Estate Market Channel   market report  
Originally posted at: Tim's Blog: Fall In Orange County
Short URL: http://actvra.in/rFc
This post has been included in California Real Estate News Orange County, CA Real Estate News Mission Viejo, CA Real Estate News
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4 Comments on Fall In Orange County

NOV
27
2011
168,554 Points 3 Featured Posts Outside Blog Called Shot Master

Tim a recent Register newspaper article talked about the significant migration from Orange County back to Mexico. Just wondering want kind of trickle down effect that will have on transactions and prices?
3:56pm • #1
669,321 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

David

There are many factors including the negetive business climate in the state.
4:00pm • #2
NOV
28
2011
530,633 Points Outside Blog Called Shot Master

The news has not been great for South Orange County.
2:08am • #3
DEC
20
2011
669,321 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Mark

The news is going to get better.
3:32pm • #4


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Tim Lorenz - 949 874-2247 (TIM LORENZ of Keller Williams Realty) Rainmaker_large

Tim Lorenz - 949 874-2247

Mission Viejo, CA

More about me…

TIM LORENZ of Keller Williams Realty

Address: 27101 Puerta Real, Suite 150, Mission Viejo, CA, 92691

Office Phone: (949) 282-2521

Cell Phone: (949) 874-2247

Email Me

A real estate professional and investor for over 43 yrs look at the market, the laws, the trends and the condition of the market. A runing commentary of one persons professional's opinion.


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