Orange County Home Values.. what is yours?

By
Real Estate Agent with Keller Williams CA.BRE# 01395219
http://actvra.in/4V84

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:

Orange Count Home Values

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 what until the end of summer to list when the inventory is the highest.   Just this week in my neighborhood, four listings came on the market all above the $1,000,000 mark. (This is high for a mark that normally has 10 listings active listings a month with maybe 1 over the million dollar mark)  At the same time, 2 new developments opened up... The Oaks and Skyridge.  Did the seller get excited when they saw the new developments?  Will this hurt their pricing of help it?  All good questions, that need to be asked, long before we see a jump in inventory.

 

SEARCH ORANGE COUNTY AVAILABLE HOMES DIRECT FROM THE MLS

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Kelly's positive spirit, sound business and marketing skills, and experience negotiating multimillion dollar contracts all combine to make her one of the premier real estate professional in the communities of Portola Hills, Foothill Ranch, Lake Forest, Trabuco Canyon and throughout the Saddleback Valley.

 

 She takes a big-picture approach to make sure all of your goals, both short and long-term, are part of a larger plan that's guiding you towards success. Call Kelly to schedule a free consultation on how she can help you achieve your objectives. Whatever your Real Estate Dream is, with Kelly Turbeville at your side, It's Possible!

 

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The above information is provied for informational purposes only and is deemed reliable but not guarenteed. Based on information from California Regional Multiple Listing Service, Inc. as of [date the AOR/MLS data was obtained] and /or other sources. All property data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Topic:
Real Estate Market Trends
Location:
California Orange County
Groups:
The Economics of Real Estate
1st Time Buyers
Orange County Real Estate
Keller Williams Active Rain Bloggers
Tags:
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orange county home prices
orange county home values

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Rainmaker
2,145,156
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Kelly Turbeville This is very good helpful report on Orange County home values.

Aug 15, 2016 08:51 AM #1
Rainmaker
1,258,072
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Agent

Hi Kelly,

Very nice market report for the Orange County area. 

Aug 15, 2016 09:34 AM #2
Ambassador
2,129,681
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Kelly

I have been watching the values around Orange county and parts of the Bay Area and looks to me like prices continue to rise, nice report!

Aug 15, 2016 12:36 PM #3
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Rainmaker
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Kelly Turbeville

Turning Real Estate Dreams into Reality
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