Its always important to know your market so here are some stats from a few cities in Orange County from July of 2013. I have illustrated the change from July of 2012. Green for an increase and Red for a decrease.
As you can see from the data above prices have been on the rise in Orange county for the last year. Looking at the decreasing number of 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?
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