First Team Real Estate Expert Announces "More Balanced" Market Orange County Real Estate Market Growth and Price Spike
Irvine, CA (PRWEB) July 23, 2013 -- Over a year into the great real estate recovery and there are signs buyers are slowly getting the diverse supply of properties they need to purchase the homes they want. Sellers still have the upper hand and aren't giving it up without a hefty premium: $545,000 for a median priced home in Orange County to be exact.
As cited in the Orange County Register's report on the hot market, Chris Polinger, First Team Senior Vice President for Sales said, "We are seeing a shift going on. You don't see the feeding frenzy you had before...It's still hot. It's just not as insane as it was three months ago."
For those interested in selling, or who have already listed their property, the great news is that the supply of houses is still near historic lows, and the median price for Orange County homes has grown for five straight months and now stands at more than $545,000.
For those interested in buying a home or investment property, the great news is that the supply of Orange County properties is increasing daily, giving more selection and leverage when choosing properties.
"The reports continue to show that this recovery market is becoming a balanced great opportunity to buy and sell," said Chris Pollinger. "Supplies for houses have increased by over 40% since March, and while the overall supply is still near historic lows, deals are happening quickly."
For more detail on the Orange County Register's report on growth in the Orange County real estate market, click http://ow.ly/n8ga6.
About First Team Real Estate
Growing from a single office in Huntington Beach, CA in 1976, First Team Real Estate is now Orange County's largest and most trusted private real estate agency with offices across California. In 2011 and 2012, First Team was recognized as Best Real Estate Company by the annual Orange County Register survey of 100,000 Southern California households. We can be reached at (888) 236-1943.
About Firstteam.com
Firstteam.com is the official website of First Team Real Estate, and is used daily by thousands of unique users who trust its property and market analysis data which is updated four times daily on average. According to independent rating organizations of Internet usage and reach, firstteam.com is the most used brokerage property web site serving Southern California. For more information, go to http://ow.ly/lZH0G.
JEFF GIBSON, First Team Real Estate, (949) 851-8511, [email protected]
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