It’s important for every savvy real estate investor to be aware of what is happening around him or her, in terms of sale prices, foreclosure rates, and the general number of homes selling. Luckily, we’ve made this information easy for you to digest… So whether you are looking to buy, sell, or just want to be informed, read on.
37 of O.C.’s 83 ZIP codes saw gains in their respective median selling price. In other words, home-sale pricing is up in ZIPs representing 23% of the Orange County market. Current million-dollar ZIPs were 3% of all sales in the most recent period tracked.
There were 5 ZIPs with medians under $250,000 vs. 4 a year ago. ZIPs with medians under a quarter million had 5% of all sales in the most recent period. Additionally, buyers’ prices were 0.9% lower than a year ago.
Overall, countywide sales were down 13.3% vs. a year ago. This isn’t great news in may respects, but at least we see above that homes are moving, rather than sitting on the market as they have been. Basically, if you are looking to invest and/or flip homes, now is your time. Call Cheryl today!