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Microscope on the Market - Rancho Santa Margarita
When you are looking to buy a home in Orange County, or anywhere else for that matter, it is critical to drill down into the numbers for the sector of the market that you are looking at. Orange County numbers are wonderful benchmarks to know, but our market is made up also of submarkets within the OC. It's important to understand Absorption Rates, Average Days on Market, price per square foot, sale price to list price, etc.
For every buyer I'm working with, I try to do an analysis that really tells the story of the market they are hoping to buy in. This allows them to have a realistic picture of the market and compete effectively for the home they hope to buy.
If you are a seller, these numbers will be important to you too. Even if you are not a buyer or seller right now, hang in there. This may seem dry, but I'll try to make it fun. There is a story told by the numbers every time! :)
Today, I did some research for an investor I am working with in Rancho Santa Margarita. She is looking for a condo around $250,000 that has at least ... more
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