Orange County CA Real Estate Markets In Transition Towards End of Summer

IMAG0223 (Large)_optSummer is the second best time to sell a home at Orange County CA, and qualified buyers continue to make positive decisions.

Orange County CA home selling markets will transition towards end of summer and anticipate back to school days.

Orange County Property NewsExpected average market time to sell a home is no longer strongly favoring sellers and is more balanced.

End of summer and back to school days are expected to see fewer buyers (such as families with kids) who want or need to move.

Market in TransitionHome sellers can still be successful during this time if they carefully price their homes to actually sell and are patient.

Sellers who overprice their homes will probably not be happy with results. Today’s Orange County buyers are savvy and want to pay close to a home’s real value based upon the most recent comparable sales in local neighborhoods.

Orange County ca home sellingOrange County has been in a seller’s advantage home selling market for the past 2.5 years and is moving towards balance.

Local markets with asking prices above $750,000 (which is now 43 percent of Orange County for sale inventory) will find slower sales.

Most Orange County homes priced above $1.5 million are now in balanced markets where expected time to sell is at least 5 months. Where asking prices are more than $2 million, average market times will probably stretch out to more than a year.

Accurate pricing by sellers at fair market value is the key to home selling success especially during time after start of back to school days.

Summer 2014 is transitioning, and sellers should take advantage of this good market time.

Number of Orange County CA homes now listed for sale is up more than 65 percent since January 1 of this year, and more listings will be added to markets through August.

What sellers should do nowOrange County home sellers should price their homes correctly at real market value while summer 2014 moves towards it end – and take advantage of this positive market time prior to start of back to school days.

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By Harrison K. Long –Professional REALTOR® agent representation and help for property owners, home sellers, 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. Contact us about homes and properties at Irvine, Newport Beach, Costa Mesa, and other Orange County CA areas. Source of some information for this article is Steven Thomas at ReportsOnHousing.com.

About Harrison K. Long

Professional real estate representative, Realtor, Broker associate, Evergreen Realty HomeSmart, Irvine and Orange County, CA. Real estate broker, CALBRE #01410855. Providing value and helping property owners, real estate investors, trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties and best decisions about homes and real estate - Orange County Association of REALTORs, member and prior service on board of directors from 2012-2014; California Association of Realtors, member and now serving on its board of directors; 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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