Hello fellow real estate investors. I wanted to take a few moments to discuss what I am seeing in the real estate market here in Orange County, California. Let me start with how I am looking at the data.
Here in Orange County, we have a very wide range of home prices and sometimes those incredibly expensive homes can skew the data. So you will notice that I have used the median price rather than the average to try to get a more accurate picture of what is happening. Also, this data is for all of Orange County. If you would like specific city, area, or neighborhood stats just contact me and I will get you the data.
Over Q4 of 2018 we saw the median price drop-in single-family homes, townhomes, and condos. There are a few things that caused this