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North Orange County and South LA Real Estate Market Update
You may be hearing some different things about the real estate market here in LA and North Orange County, so I thought this would be a good opportunity to update you on your local real estate market.
- We're currently experiencing a lower inventory of homes. This means that we have a lot of buyer demand, but not a lot of homes on the market.
- Last month my team put 14 clients into Escrow, and a majority of those homes had multiple offers over the listing price.
- Now is a great time to sell your home and take advantage of buyer demand. Our marketing techniques will make sure that no money is left in your pocket.
- For buyers in North Orange County, you need to have a knowledgeable agent who knows what it takes to get your offer accepted. I know there have been a lot of rumors saying that the market has peaked, but I think we just haven't seen the amount of appreciation that we expected and also, the inventory hasn't grown extensively.
- On the flip-side of the this, the California Association of Realtors recently released some statistics saying that a few years ago before the market crashed, the average buyer was only putting 5% down. In today's market, the average buyer is putting 30% down. This stabilizes our market more than having homes with very minimal amounts of equity in them.
