Waiting for the Bottom in the Orange County Real Estate Market

by leslie on February 7, 2009

in Orange County

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Signs of Increased Activity in the Orange County Real Estate Market – What Does It Mean?

Q. How will you know when we have hit the bottom of the Real Estate Market in Orange County, CA?

A. When the sales volume and sales prices of homes start going up.

Q. What is an indicator that prices may start to go up on Orange County homes for sale?

A. Check out what we’ve seen happening in the market in the first weeks of 2009 and you decide:

Multiple offers from buyers on the same home
All cash offers on homes
Multiple offers on homes for sale over the listed price
Large price reductions, resulting in multilpe offers over the reduced price
Buyers offering to close escrow in 7 days (a strategy to sweeten the pot for banks and sellers)
Offers to buy Orange County homes before the buyers have even been inside (yep – people making an offer to buy a house without ever going inside)
Homes offered for sale as Approved Short Sales (lessening the risk and unpredictability for buyers)
Custom luxury estates scooped up at the court house steps for pennies on the dollar
80,000 loan applications received in a single week by one local lender – the volume usually not even seen in an entire month

This is the activity we’ve been involved with on behalf of home buyers and sellers in Orange County communities including houses in Coto de Caza, Rancho Santa Margarita, Tustin, Irvine, Ladera Ranch, Shady Canyon, Mission Viejo, Orange, Anaheim, Aliso Viejo, Laguna Beach, and others of your favorite neighborhoods.

Folks, there is such a groung swell of pent up demand for Orange County homes and it is starting to break loose. If you are serious about your intention to buy a home for your self or as an investment, now it the time to pay attention to the indicators in the market place. With the Stimulus Package hours away from being approved, you must be poised to act quickly to take advantage of this unbelievable opportunity to make a move into the Orange County Real Estate – a chance you will not have again.

Don’t miss the bottom by waiting on the fence – there are great deals on homes in every Orange County city, community, neighborhood, and tract. Whatever home you buy in Orange County today, you’ll be glad you did five years from now. So go make a great deal on an Orange County home for sale at dramatically discounted prices.