As you can see from the data above prices have been on the rise in Orange county for the last year. Over the last couple of months however there has been a marked increase in supply in the market. This is probably due to the increase in mortgage rates and homeowners finally ready to sell. As a result there aren't multiple offers on every property and now deals can be found again! This doesn't mean there wont be any appreciation but the market is now much more neutral from a very seller friendly market. As you can see in homes for sale in Newport Beach and most cities you can expect prices to be on the rise for the foreseeable future. What's the basic rule of economics, low supply equals higher demand? And in this market we have had a slight increase in supply. If you are thinking of buying this might be the lull that you have been waiting for.
Selling a home can sometimes be complicated, and when it involves extended family, it's always complicated. This was the case with the home our family put up for sale in the Los Angeles area. Once Dave was involved as our realtor, however, our experience became over the top excellent. He made sure to be in contact with us daily, and gave us advice on everything from an appropriate list price to how to stage the home to what offers to accept from potential buyers-and everything else in between. Plus, he made sure to keep all extended family in the loop and was always reachable any time day or night. I can speak for all of my family when I say that once he came on board as our realtor, everything went so much smoother. Dave and Coastal Real Estate are the smartest, most effective real estate group out there. Whether you live in Los Angeles like I do, or anywhere in Southern California, use them to help sell your home. -Jennifer M