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