California Real Estate Forecast 2012 – 2013

Posted on November 6, 2012. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Orange County Real Estate | Tags: , , , , , , , , , , , , , , , , |

    If you are interested in what is to come in Orange County real estate, then listen up as Leslie Appleton Young has provided us with some great insights.  We had the chance to attend one of Leslie’s recent luncheons, and she gave us great information we needed to know for the upcoming Real Estate shift.

As mentioned in our recent video summary on YouTube (embedded below), Leslie stated California Realty is a “Bright Spot in the California Economy; and that the bottom has been reached and is on its way up.”  We also found demand is starting to grow, big time!  83% of Real Estate investors are buying to hold.  57% of homes in Orange County are recieveing multiple offers of more than asking.  There are an average of 4.3 offers per property!!!  Homes are flying off the market right now as well – the average days on the MLS is cut in half from a year prior.  Southern California Median home prices are up 14.3 %. Things are looking much better for Orange County and California real estate in general…great news!!

Are you ready to get your Orange County home on the market and upgrade?  Call The Weeks Team…877-230-3211

CALIFORNIA REAL ESTATE FORECAST 2013

  2008 2009 2010 2011 2012f 2013f
SFH Resales (000s) 441.8 546.9 492.3 497.9 523.3 530.0
% Change 27.3% 23.8% -10.0% 1.1% 5.1% 1.3%
Median Price ($000s) $348.5 $275.0 $305.0 $286.0 $317.0 $335.0
% Change -37.8% -21.1% 10.9% -6.2% 10.9% 5.7%
30-Yr FRM 6.0% 5.1% 4.7% 4.5% 3.8% 4.0%
 1-Yr ARM 5.2% 4.7% 3.5% 3.0% 2.8% 2.8%
f = forecast

Contact info:
The Weeks Team
949 – 338 – 7408
angie@askangie.com

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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