Orange County real estate shows strong gains in March compared to 2012

The Orange County real estate market has been steadily gaining steam since it began to bounce back from the housing crisis last year, and according to a recent report from Housing Wire, March sales showed an incredible increase compared to 2012.

The online source, using data from ZipRealty, a residential brokerage tracker, reported that homes for sale in Orange County spent an average of 15 days on the market in March, compared to 52 days in 2012. That represents a more than 50 percent decline year over year. Furthermore, nearly 30 percent of homes spent fewer than a week on the market before being sold.

Orange County has always been a hotbed for real estate, given the massive economy of Southern California and the overall attractiveness of the area to buyers – beautiful weather, sandy beaches, and a laid-back lifestyle all play into the market’s attractiveness. However, recent home sales in the area have been the fastest in the entire state, indicating that California’s housing recovery may now be fully underway.

With the median home price in the area now at $495,000, sellers may want to consider their options.

Those looking to capitalize on this incredible seller’s market should contact ModTown Realty. Our boutique realty group provides some of the highest-quality seller services in Orange County. We develop customized solutions for our clients, including tailored advertisements and virtual tours. To find out how to list your property with ModTown Realty Group, Inc., contact us today at 949.226.6882