Wednesday, December 9, 2009

Orange County Home Sales in the Median Range - Dec 09

Our last couple posts dealt with hot market for entry level homes in Orange County. If we took those same home requirements and bumped it up a bit to be between $400,000 and $500,000 we see something very interesting happen. To refresh, the basic criteria is a single family residence with at least:

3 Bedrooms
2 Full Baths
1000 Sq Ft
2 Car Garage
6000 sqft lot

In all of Orange County, this buyer would now have an additional 175 homes to look at!

If they were to take the price point up to between $500,000 and $600,000, that would mean yet another 200 houses that would fit the price range!

Of worthwhile note is also the fact that the highly desireable cities like Tustin, Fountain Valley, Orange, Rancho Santa Margarita, Fullerton, Yorba Linda, and Mission Viejo start coming into play at this range.

While we wouldn't consider this an abundance of homes by any means, especially when you consider many people will want 4 bedrooms, 3 baths, 2000+ sqft, etc, we think the numbers reveal a much different inventory of homes available to buyers.

Most of our clients are summing this up best with statements like, "Wow, I'm really liking the bang for my buck better at these price points!"

We would have to agree, atleast for now. You can see what is available at these price points by using the quick home search on our Orange County Homes For Sale page

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