How’s the market in Orange County?

Published October 11, 2022

Does reading about real estate in the news have you feeling like there might be a crash or that you will never be able to buy?

YOU ARE NOT ALONE!

Here’s the thing, information lags. As rule of thumb, you can think about it as a 30 day lag. By the time it is in the headlines, from a realtors perspective, the market has already shifted.

My advice, in 3 steps, to beat the recession:

Step 1: STOP focusing on the National narrative – start to analyze the trends and data (better yet, let us do it for you). The news is depressing and doesn’t always paint the full picture. It’s called CLICKBAIT.

Step 2: FOCUS on your current situation: Take time to adjust your budget and your long term goals! Pay down debt and stack cash. You’ll be glad you did, I promise.

Step 3: FIND a trusted advisor. Do your due diligence in finding a realtor who has your bet interest at heart! Long-term wealth > short-term sale.

No matter what you hear.
No matter what people say.
No matter what the “experts” try to tell you.

The truth is the best time to buy or sell is when YOU are ready! Winter, spring, summer, or fall, I’m here to help you step into your real estate goals.

That said, here’s what you can anticipate if your end-of-year checklist includes a major move:

• BUYERS, buy now, and you’ll enjoy motivated sellers and lenders, year-end tax advantages, and a new home just in time for the holidays!
• SELLERS, sell now, and you’ll enjoy less competition, lots of attention from buyers’ agents, and serious buyers ready to get a move on.

Current market stats for buyers and sellers to keep in mind:

• Inventory = 3,646
• Homes sold = 54
• Average price = 2,168
• Days on market = $1,200,000

If you’ve been thinking about buying or selling and don’t know where to start? Happy to have a strategy call and discuss.

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Joy Lee
949.290.4903
joy@heyjoylee.com
DRE# 02102122