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Jeff Farr Real Estate on Page http://www.myorangehome.com/find-real-estate/ Home Buyers United States Real Estate
The market update for Orange California as of April 14, 2021.
|Single Family Residential homes: The recent closing activity has the median list price to be $999,200 and an average price per square feet of $461. (DOWN from the last few weeks). The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.|
Townhomes and Condos: The recent closing activity has the median list price to be $497,400 and an average price per square feet of $481. (DOWN from the recent weeks). The market continues to obtain higher valuations for several weeks. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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