As the real estate market continues its upward trend across the country, it is not surprising to hear that single family homes are selling much more quickly. According to the California Association of Realtors, homes sold at an average 95 Days on Market, compared to 107 Days on Market. In the city of San Juan Capistrano where my office is based, homes sold at an average 66 Days on Market in November 2012, compared to 77 Days on Market the year earlier. With all this said, some markets are hotter than others but two things are very clear: 1) It's a very good time to be a seller with prices up sharply and homes selling quickly, 2) It's also a good time to a buyer with interest rates at record lows but competition to buy is intense and buyers need to work with a very good real estate agent and be prepared to move FAST!
David Grbich is the Broker Owner of Orange County based Ventana Coastal Properties. If you are looking to buy or sell real estate in Orange County I would welcome the opportunity to work with you. I can be reached anytime at 949-500-0484 or via email at dave@ventanacoastalproperties.com.
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