Orange County Real Estate ⟩ Listings | Market Updates | News & Advice

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September 2016 Market Update

THE STATE OF THE MARKET

Housing inventory continued to rise across northeast Orange County this past month, with home prices on the rise across most of our market as well. The market is strong and continues to show improvements, making it a great time to make a move or invest. Sellers are getting top dollar for their properties right now. Buyers have an increasingly wider pool of homes to choose from. Mortgage rates are hovering at record lows. With the right strategies, very smart moves can be made in this market. If you are thinking of buying or selling, give me a call. I’d love the opportunity to help you take advantage of this amazing market!

MARKET UPDATE

Anaheim Hills had a total inventory of 206 homes on the market in August. That is a 3.9 months supply. 86 homes went on the market. 85 sales were closed and pending. The median sales price was $608,750.

Yorba Linda had a total inventory of 364 homes on the market in August. That is a 5.0 months supply. 134 homes went on the market. 106 sales were closed and pending. The median sales price was $750,000.

Placentia had a total inventory of 107 homes on the market in August. That is a 2.8 months supply. 58 homes went on the market. 77 sales were closed and pending. The median sales price was $665,000.

Brea had a total inventory of 120 homes on the market in August. That is a 3.2 months supply. 64 homes went on the market. 73 sales were closed and pending. The median sales price was $666,775.

Fullerton had a total inventory of 318 homes on the market in August. That is a 3.2 months supply. 142 homes went on the market. 188 sales were closed and pending. The median sales price was $600,000.

MONTHS SUPPLY OF HOMES IN ORANGE COUNTY

“Months Supply" is a measurement of current housing inventory. We use this measurement to track how many homes are on the market in an area at any given time. Months Supply has been steadily on the rise in Orange County since December of last year. In the past month, we have surpassed the highest level of inventory we saw in 2015. This is a good indicator of a healthy market.
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COMMUNITY EVENTS

Orange International Street Fair | 9/2-4 | Plaza Square in Orange
Experience a wide variety of international cuisine and entertainment while supporting local non-profits! For more info, visit orangestreetfair.org.

Dozynki Harvest Festival | 9/17-18 | Pope John Paul II Polish Center in Yorba Linda
Experience a traditional Polish harvest festival while enjoying food and beer, music, and folk dancers! For more info, visit polishcenter.org.

COLDWELL BANKER $20,000 SUMMER CASH GIVEAWAY

Coldwell Banker’s annual $20,000 Summer Cash Giveaway is back! Register now for your chance to win $20,000! Registration ends September 16th and the winner will be chosen September 23rd! Good luck to all who enter! You can register for free at coldwellbankergiveaway.com/mikemagdesian.

20k-giveaway

WANT TO KNOW THE NEW VALUE OF YOUR HOME?

Click here for a free comparative market analysis of your home! The market has been improving and your home is likely worth more than you think!

CONNECT WITH ME

Connect with me on social media @mikemagdesianrelator for instant access to Listings, Open Houses, Market Updates, Real Estate News and Advice from your friendly neighborhood REALTOR®!
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By: Mike Magdesian

I am a REALTOR® on The Campion Team at Coldwell Banker Residential Brokerage in Yorba Linda. Centrally located in northeast Orange County, I have experience selling homes in Orange County, Los Angeles County, and the Inland Empire and am happy to help you wherever you may be. Whether you are a first time buyer, a move-up buyer, an experienced seller, or an investor, I will use my proven marketing strategies and negotiation skills to create the best outcome possible for you. I strive to provide the best service possible for my clients. I will keep you informed of current market trends and local inventory, explain each part of the transaction in terms you will understand, and utilize real estate technologies that create a smooth experience for you. Whatever your real estate goals are for this year, I would love the opportunity to help you achieve them! Call me today at 714-402-2362 for a complimentary consultation!

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