OC Home Buyer Demand Gets More Solid – Orange County CA Real Estate

ORANGE COUNTY REAL ESTATE

Buyer demand is solid at Orange County CA real estate – and it should inspire seller confidence.

Turtle rock view toward east

Realtors and brokers resold 2,576 Orange County CA homes last month during March 2012 – with average sold price of $511,908.

That’s sold volume up 10.7 percent as compared with March 2011 – when 2325 homes were sold.

442 of those sold homes were REOs – or 17 percent of market.

629 of those sold were short sales – or 24 percent of that market.

So 41 percent of sold homes at Orange County during March this year were distressed properties (either REO or short sales).

OC pending home sales

According to Steven Thomas at “Reports On Housing” the Orange County home buyer demand is up – with pending sales during March 2012 up.

East Costa Mesa listings

And if we had a better supply of homes for sale, number of pendings would be up even further.


Irvine single family home listings

It’s a matter of time now – until this buyer pressure and demand for homes will result in home selling prices to go up.

buyers explore homes


Corona del Mar listings

Eastbluff Newport Beach listings

Huntington Beach listings

Laguna Beach – south Laguna listings

Newport Coast listings

Turtle Rock Irvine listings

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Source of information is Steven Thomas – ReportsOnHousing.com – CRMLS, does not include trustee auctions sales or new homes, and does include homes listed and sold by all brokers and agents.

Contact us about listing and sale of Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, 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.

 

Posted via email from Explore OC Homes

About Harrison K. Long

Businessman, Professional Realtor agent, GRI, Broker associate, Coldwell Banker Residential Brokerage - Orange County, California - CA DRE 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 - Member at the Orange County Association of REALTORs (serving on its board of directors for 2012); California Association of Realtors (serving on its board of directors for 2011-2102); National Association of Realtors - Also an attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515
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