2021 Looks Like a Great Year for The Orange County Housing Market
Last year was tough for many reasons, but it’s a new year with new opportunities and the Orange County housing market is no expectation. The Forecasts and Predictions are in and 2021 is set to be a hot year for housing here in Orange County.
The latest Steven Thomas Housing Report is showing that the month of January has been the hottest start to a year since tracking began in 2004. With a record low supply of homes available to purchase and staggering demand, the market is extremely hot.
Buyers have re-emerged from the Coronavirus pandemic, showing a major climb in the demand of new homes. Recent listing and closing statistics are showing a strong recovery for the luxury market. The number of successful closed sales are predicted to increase with mortgage rates remaining low, but showing potential for increase before the end of the year. All in all, the signs are positive for another great year in the Orange County housing market.
The New Year Market May Be The Hottest, Despite COVID-19
COVID-19 may have initially impacted the amount of time it took to sell a home, but that rapidly changed as the demand soared. So why are buyers flocking to purchase even with home values rising to record levels? Low interest rates are facilitating affordability and propping up demand.
2021 will continue where the second half of 2020 left off. With record low mortgage rates fueling the buyer demand, the number of successful closing rates will continue to increase. Not to mention luxury sales will keep going up as well as the luxury home market reach record levels this year.
For buyers, waiting for the market to get easier for buyers is not the answer as home values are on the rise and mortgage rates are protected to climb as well. Waiting is not an option to cash in on low mortgage rates and excellent affordability. Keep in mind that as the Expected Market Time continues to drop, homes are selling faster than ever before!
For sellers, pricing close to a home’s fair market value is fundamental to obtain the highest net proceeds. Overpricing in today’s market is not advisable. A realistic price will attract multiple offers that can lead to prices above asking price to help you sell at Top Dollar.
Work With Real Estate Expert Rosemary Hieber to Buy or Sell in 2021
With a strong market on the horizon, the seller’s market will be at an all time high here in Orange County. Now is the time to sell your home, and it’s important you do it with a trusted advisor. The same goes for buying a home, with demand for homes continuing to rise, it’s imperative to work with a local expert who can represent your buying needs. Named One of America’s Top 100 Real Estate Agents in 2020, Rosemary Hieber is the Real Estate Expert that you want on your side.
Rosemary has strong safety guidelines and a strong network of industry professionals to help get you and your family through the most important decision of your life. With more than $280 Million Sold Locally, Rosemary has 20 Years of Experience Serving Ladera Ranch. As the #1 Coldwell Banker Agent in Ladera Ranch, Rosemary has the network and the knowledge to help you Right Size your next purchase and receive Top Dollar for your current home.
- M: 949.285.3215