The Orange County Register is reporting stats from DataQuick, and the news is encouraging. Over the last three weeks, of the 83 zip codes in Orange County, 64 had gains in the median price and 54 had more sales than last year. Overall, prices in the county were up more than 15% from the same period last year.
Topping the list with the biggest gains in both price and number of homes sold, were zip codes in Newport Beach, Irvine, and Foothill Ranch.
Interest rates remain at historic lows, and prices of homes for sale in Irvine, and other great Orange County cities, remains relatively affordable. How long will these great conditions last? That’s difficult to say, but it’s clear that today’s Orange County Real Estate market represents a great buying opportunity.
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