Fast Buyers Now Dominate Orange County CA Home Selling Market

OC home buying

Orange County CA home selling stays hot with fast buyers climbing over each other at market to find a good deal.

ORANGE COUNTY PROPERTY NEWS

This buyer excitement creates lots of competition for foreclosures and popular properties priced at under $750k.

  • Orange County has only 14 days of average market time on foreclosure listings.

Only 206 foreclosure listings are now on the market – which is a 67 percent drop in past five months since start of this year.

  • Foreclosure listings are selling at full asking price – on average.

Less than 30 days of short sale listings inventory are now on the market – average market time.

  • Only 912 short sales are now listed – which is a 64 percent drop since start of this year 2012.

Short sellers don’t generally need to discount their listings from value to get buyer attention – short sales are selling for average price of about 97 percent of listing price.

For Orange County homes under $500k, average market time is 30 days.

For home $500k to $750k, average market time is 44 days.

For homes $750k to $1 million, average market time is 70 days.

Orange County CA for sale listing inventory continues to drop – with lots more buyers than sellers – expected to remain this way through the summer 2012.

 

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Home buying at IRVINE and ORANGE COUNTY is popular again – where real buyers are qualified, have down payment and act quickly – are prepared to make offers on well-priced properties. 

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If you are a motivated buyer at Orange County CA real estate, hire an experienced and qualified REALTOR® now and be prepared to make quick offers.

Source of some information is Stephen Thomas and ReportsOnHousing.com and CRMLS.

Professional REALTOR® agent representation – help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County CA real estate

Posted via email from Explore OC Homes

About Harrison K. Long

Professional real estate representative, Realtor, GRI, Broker associate, HomeSmart Evergreen Realty - Orange County, California - CALBRE #01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about homes and real estate - Orange County Association of REALTORs (member with service on its board of directors 2012-2014); California Association of Realtors (member now serving on its board of directors); National Association of Realtors - Attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515. Thanks.
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