Real Estate Market Update March 14 2013

Posted by David Feldberg on Thursday, March 14th, 2013 at 3:32pm.

Well the bottom is in, says Data-Quick Information Systems (a national real estate data tracking company).  Orange County home prices have moved by the biggest margin in 8 years!  As of Feburary 2013 the midpoint of all sales in Orange County was $477,000 a increase of 22.3% in the last 12 months.  Looking back since the crash the lowest midpoint of all sales in Orange County was in January 2009 where the midpoint was $370,000 and the highest was in June of 2007 at $645,000.  

Bottom line, prices are moving up and rates couldn't be any lower.  If you are thinking about buying a home in Newport Beach, Orange County areas or its just time to upgrade your existing home, contact us today!

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