Wednesday, December 28, 2011

Buyers Should Like Orange County CA Real Estate Value Opportunities for 2012


With strong rents being paid by tenants and moderated home selling prices, buyers and investors are expected to like Orange County CA home and value opportunities for 2012.

During 2011 (so far as of December 28, 2011) - 25,790 Orange County homes have been resold (according to records of the CRMLS) - average sold price of $524,062.

  • Number of Orange County CA homes sold is down 37.2 percent this year as compared to peak year 2005
  • Average sold price for 2011 is down 31.7% from peak year during 2007 

During 2010 - 27,348 Orange County homes were resold - average sold price at $547,404.

During 2009 - 28,285 Orange County homes resold - average sold price at $508,231. 

During 2008 - 24,591 Orange County homes resold - average sold price at $567,409

During 2007 - 20,621 Orange County homes resold - average sold price at $767,594

  • 2007 was peak year for home selling prices. 

During 2006 - 28,509 Orange County homes were resold - average sold price at $748,421 

During 2005 - 41,078 Orange County homes were resold - average sold price at $691,940 

  • 2005 was peak year for number of Orange County home resales


This looks like the edge of good news for Orange County CA home and property buyers.



This is information from CRMLS, is for information only, and does not include that for new homes from the builder or those sold at trustee auctions after foreclosure, and it includes properties sold by all agents and brokers.

HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – serving as a director at the Orange County Association of REALTORs® - also an attorney member of the California State Bar Association #69137 

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


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