We all know that California is one of the hottest real estate markets in the country and,with the growing number of people wanting to buy homes here, the competition is stiff. Looking back on 2017 give us a pretty good indicationof the direction we're headedin 2018. Though Orange County hasn't reached the competition of the Bay Area markets, it's definitely on the rise as is the rest of the Golden State. 60.4 percent of all homes listed for sale received multiple offers and 32.9 percent sold over asking price! The average days on market was just 13! It may sound terrifyingly astonishing, but with the low inventory we're seeing, this has become the norm. Don't count on it slowing down anytime soon. The good news is, despite these tough market conditions, the share of first-time home buyers reached the highest level since 2012 at 31.7 percent of all buyers. With more Millennials entering the buyer pool and retiring their life as a tenant, we expect this to continue.
Author:Liz Peters Phone: 949-683-5374 Dated: February 27th 2018 Views: 257 About Liz: An Orange County native and Team Manager of The Kurt Real Estate Group with a heavy background in bo...
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With seven consecutive years of five-star status in Orange Coast Magazine, The Kurt Real Estate Group is among the elite. No matter where they’ve gone, they’ve set record sales. Whether you’re a buyer, seller, or investor, Kurt and his team work diligently, honestly, and with the utmost professionalism and are passionate about helping you achieve your real estate goals.
Kurt is ranked among the top two percent of Coldwell Banker agents nationwide. Kurt’s experience investing in and flipping homes and his connections with the Hollywood Film Industry give him an unparalleled edge and keen insight into market trends. The opportunity presented to you in working with Kurt is why The Kurt Real Estate Group is recognized as one of the top real estate teams in Orange County.
With the average California home price at its highest point this year,
"Liz helped us recently with the purchase of a new house and the sale of our old one. She was exceptional throughout both transactions, always on top of things, clearly communicating progress, providing expert advice and support when needed. Liz has a very high real estate IQ and her unique approach to buy/sell strategy delivered results for us that far exceeded expectations. She also made
a potentially painful process, not only easy, but actually fun! We will definitely work with her again.