Real Estate Prices Explode

real estate

Real Estate Prices Explode

Orange County Real Estate Prices Explode

 

The average real estate price in Orange County has exploded over the past 12 months, from a low point in January 2023. This unprecedented increase has now exceeded the previous high in March 2022.

Above is a chart showing both attached and detached average homes prices rising significantly over the past 12 months, after experiencing a dip in prices from March 2022 to January 2023.

 

 

After years of the declining number of new listings in January, 2024 increases slightly past 2023. Due to most sellers having a 3% mortgage, 2023 had an extremely slow start to the year with regards to new listings. Life happens, plans change, and now we see the start to some more movement in the market.

 

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The attention to detail required of an appraiser has been applied to the entire buying or selling process. From listing properties and researching home values to arranging the necessary paperwork, Mat assures his clients that the tiniest of details won't fall through the cracks. Contact him today to discuss all your real estate needs.