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Entry Level Home Sales - The Hottest Selling Market in Orange County CA (part 2)
Entry Level Home Sales - The Hottest Selling Market in Orange County CA (part 2)  
By now you've read the market update in part 1 so we'd like to change it up again and profile a second buyer. Same exact criteria, only they have a maximum budget of $300,000 for the same area. This is a very typical buyer today and one that we run across everyday. Often times, they will be looking at getting an FHA loan which will further reduce the available inventory open to them. When we run this buyers criteria (not counting FHA limitations) according to the following criteria3+ Bed 2+ Baths 1000+ sqft living space 5,000 sqft lot 2+ car garage max price $300,000 here is what we get: (16) Anaheim (3) Buena Park (2) Fullerton (2) Garden Grove (1) La Habra (1) Orange (25) Santa Ana '(1) Stanton (1) Westminster That's right, only 54 homes in all of Orange County that fit this!!!!!Now if you start factoring in area, neighborhood, home condition, floorplan, and loan type it becomes quite obvious why MOST Orange County home buyers are frustrated with the process. Still Not Convinced?
Here's another angle that really helps to put it in ... more

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