Orange County Real Estate ~ Who's Hot and Who's Not in SoCal?

As we all know, the one-time red-hot Orange County real estate market has cooled it's heels along with other communities around the U.S. Now that's not to say all area have cooled equally, whether here or outside of CA. I'm told there are still several places in the county where properties are selling at a more substantial pace. That's always good news, most of which goes unreported.

Yet in this report we focusing in or NOC=North Orange County, well maybe some of central OC too. The statics listed are compiled for the  existing "month's supply" of re-sale homes currently for sale through our local multiple listing service.  You will see a wide range of "days on the market"  within this portion of the county. Some cities take twice as long to sell than others.  

Yes, all men (and women for that matter) may be created equal, yet not all areas are the same when it comes to good old real estate in So-Cal. Here's the latest for days on the market, measured in months for our residential real estate supply as calculated in January 2008.

• ANAHEIM ~ 14.6
• ANAHEIM HILLS ~ 6.2
• BREA ~ 7.0
• BUENA PARK ~ 10.1
• FULLERTON ~ 8.0
• GARDEN GROVE ~ 10.9
• LA HABRA ~ 11.2
• LA HABRA HEIGHTS ~ 15.1 (Actually located in Los Angeles County, yet used for analysis here.)
• LA PALMA ~ 8.2
• ORANGE ~ 9.3
• PLACENTIA ~ 9.0
• STANTON ~ 10.7
• TUSTIN ~ 9.7
• TUSTIN (NORTH) ~ 7.0
• VILLA PARK ~ 11.1
• YORBA LINDA ~ 7.3

Month's supply/inventory is based on several factors, first we assume there are no new propertiesentering the markeplace, right? Secondly, this calculation is based on an equal pace/rate of sales as experienced throughout 2007.

I'm often asked how long do you think it will take to sell my home?  Or when do you think I should put my home on the market? My answer is it depends. It depends on many factors, location (based on above data) price, condition and the agent you choose. You control three out of four, not bad.

If you're thinking of marketing and selling your Orange County home, contact me Lynda@PreferredHomeBrokers.com or text me at (714) 595-1494.

Preferred Home Brokers has proudly served home buyers and sellers for decades in Orange County. We're one of the oldest-established companies under the same Broker-Ownership ub exixtance in the county.

-Market data/SoCalMLS=Southern California Multiple Listing Service