Looking to buy or sell a home in Orange County? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at 949-391-3141 for a FREE home buying or selling consultation to answer any of your real estate questions.
The most common question we get is, what's going on with the market? Is now a good time to buy, sell, or invest? Now that we've made it to the midpoint of the year, there's no better time to take a look at the Orange County market and observe the trends we've seen over the last year. As of the middle of July, here's what you need to know:
- We're heading toward a healthy and balanced market. This is good news, as it's been a seller's market since the beginning of 2013.
- Inventory levels are higher than they've been in the last two and a half years. We're not quite to the 8,000 homes that would put us at a balanced market, but we're approaching it.
- Interest rates are excellent. After seeing a rise at the beginning of the year, they've dropped to fantastically low levels once again.
- Since this time last year, home values have increased 5%-10%.
If you are a buyer, a balanced market is good news. Now is a great time to lock-in an amazing 30-year fixed-rate mortgage or explore the many fantastic short-term loans available. The large inventory means that you have a lot to choose from - you can be choosy and wait until you find that perfect home. Additionally, sellers are more flexible now than they have been because of the amount of homes they must compete with on the market. This leaves a lot of room to negotiate. Hire the Z TEAM to make the most of this market - we can negotiate hard for you and save you thousands of dollars.
If you are a seller, it is crucial you price your home right. You have to put it at market value or it's not going to sell. With the summer selling season wrapping up, you need to put you home on the market as soon as possible. Ask us about how we can sell your home for up to 18% more than the traditional agent.
If you would like additional information about what's happening in Orange County or specific information about conditions in your neighborhood, don't hesitate to give us a call. We want to help you maximize your results in your real estate transaction.
