Orange County CondoIf you currently own a condo or townhome or an attached home valued at under $500,000, your home value is on the rise. Buyers are out there in DROVES, clamoring for a South Orange County home in this price range. Every condo or townhome receives multiple offers in Orange County. They are on the market for just a few days, receive about five or six offers (or more), and then enter into escrow. This is the case whether a short sale or a regular equity sale. This has been the case for several months now, and this activity is not lessening. It is causing values of these types of homes to rise in a big way.

For every condo that gets 5 or six offers, there are 4 or 5 home buyers out there still in need of a property. The law of supply and demand is putting upward pressure on home prices.

Condos that were selling at $240,000 at the beginning of the year are now selling around $270,000.  Condos that were selling at $315,000 at the beginning of the year are now selling around $340,000.  This is huge.

If you are a buyer, you need to stop waffling and start writing offers. If you are a seller, you can confidently sell and should purchase your upleg home before those prices experience such a rise.

If you own a condo or townhome in South Orange County, I have buyers right now!  Call me today! 949.525.5905.

Posted by Jackie Gibbins

I live and work in Mission Viejo as a Real Estate Agent. Born in Santa Monica, CA and grew up in Westminster and Huntington Beach. Middle child of five and mother to two awesome sons, now grown. An artist, nature lover, observer, geek and people person, I love the area, love what I do and enjoy sharing any info and insights so others can find their dream as well.

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