Upcoming Changes for Some Home Buyers & Homeowners Under the new tax law, homeowners will have decisions to make in 2018,
Whats Happening In OC Home Sales And Interest Rates
Trends OC Home Sales up 5.8% vs 8/2013, smallest growth since 2012 50% of all CA home sales received multiple offers vs 7 out of 10 last year Equity sales account for 95% of all OC transactions Investors account for 15% of all CA home sales, down from 19% last year Buyers are paying 97% of resale sales price versus 99% last year Only 3.6% of all OC homes still underwater (19,840 homes) $1m+ home now represent 26.5% of all OC home sales OC Home building is up 71% versus last year, fastest pace since 2007 Developers have sold 1 out of 8 homes in OC over the past year! Medium OC new home sales price is $805,000, 33% higher than #2 San Diego Home ownership at its lowest point in 19 years (64.8%) Highest price increase VLY; Dana Point, 92624, +162.4% Largest price decrease VLY; Newport Beach, 92661, -31.1%
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