When are we going to see growth in property values again?
The answer is NOW! As of July of 2012 the values for most of real estate in Orange County California were on the rise and as of the time I am writing this post they have been moving higher for almost a year! Here are some stats from a few cities in Orange County from May of 2013. I have illustrated the change from May 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? Well here in Orange County you can see we have very low supply and with rates near all time lows there is strong demand.
Dave helped us buy our first home this year and we wouldn't have been able to do it without him. He made the entire process much easier on us than it should have been. Dave is extremely responsive, a great negotiator, and real knowledgable about the OC real estate market. In mid 2013 he got us our home for lower than the listing price which was unheard of during that time. I've referred several friends to Coastal Real Estate Group and wouldn't hesitate to use him for my next home purchase. - Jonathan S.