When I review the data for condos in the South OC area, I note that condos have actually come down somewhat in price as activity declined over last year and inventory increased substantially. There is still that same marked jump in pending sales, mirroring what the detached homes are doing, but I don’t think this will lead to a big increase in value.
See the graphs for all condo/townhome activity in all of South Orange County here.
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Orange County Real Estate 