Home Sales in Orange County California
Are you interested in purchasing a home in Orange County, California? If so, here are a few things about home sales there that you may need to know before you get started.
Orange County is a part of Southern California.
It is known for popular attractions such as Knott’s Berry Farm and Disneyland. It is also home to numerous, beautiful beaches, making it a coveted spot to buy a home. The 2010 census showed that Orange County’s population is over 3 million, putting it in the top ten most populous counties in the United States.
Buying a home can be a little pricey here.
Right now, it is considered a seller’s market in this county. The average listing price for a home in Orange County is over $1,000,000, even though the most popular selling price is somewhere between $250,000 to $500,000. The most affordable place in Orange County to buy a home is Stanton, seeing as how the average listing and sold prices of homes here is usually under $500,000.
Real estate here is the envy of many.
But despite it being a seller’s market, home sales here don’t happen as often as most other US counties. This is due to people not wanting to leave their homes here due to reasonable, locked-in tax rates, excellent mortgage rates, and uncertainty about finding another home to move to.