Dataquick reports that in the first quarter, 6,632 homes sold in Orange Country – up 3 percent from a year ago and the best buying pace to start a year since 2007. This confirms the view from the street – we see the return of intense multiple offer situations, especially in the first-time buyer range. Buyers often make offers on 3-9 properties before successfully capturing a new home. Prices remain fairly steady, in line with the current loan environment – more stringent qualification of both property and buyer, to meet independent audit of files.
According to A. Lazo of the L.A. Times, “In Southern California, the median home price of $280,000 was flat, down just 0.2% from March 2011, and a 5.8% increase from February. Sales improved most in Orange, Ventura and San Diego counties.”

This entry was posted in Buyers, News, Sellers. Bookmark the permalink. Both comments and trackbacks are currently closed.