Scary Hot Housing Market & Challenging Times ~ Orange County, CA

Scary Hot Housing Market at Orange County is just about right, especially for homes under $500k. We see homes in this range come onto the market and get multiple offers within 24 hours, with many of these homes going for over asking and for all cash.

To Sellers Advantage. They can wait for the best offers where buyers pay more than asking, some with all cash, waiving contingencies and some appraisals.

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Christi wrote this article about our local OC housing market ~ "As Good As Gold ~ Homes Under $1M at the Orange County, CA, Housing Market" (click here for link to article).

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Factors add up to trend favoring sellers at OC home selling market in this range.

Buyers and investors have gotten more involved.

Continued buying with decreased inventory causes demand to bump.

Add that to not enough bank owned REOs to sell, and the formula is in place to favor sellers.

Homes at Orange County are flying on and off the market in average of less than 60 days when priced at $500k and below.

So our local Orange County Housing Market is scary hot during these interesting times.

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Writing local, real estate and business related articles is part of my own education, is interesting and can be fun. Providing value and content is part of what we do to help our friends, other REALTORS, and clients with information about the business of homes sales and real estate.

Harrison K. Long, Realtor and broker, Explore Group, Coldwell Banker Previews, Irvine, CA. CA DRE 01410855. - email - ExploreProperties@gmail.com.