Home selling markets at Orange County CA real estate continue to be hot and need more sellers and for sale listings.
Sellers have the advantage during this time.
However, fundamental advice to home sellers is still “PRICE YOUR HOME TO SELL” – and stay away from temptation to go for a too-high vanity price.
Recent home price appreciation news at Orange County has homeowners excited, and some are testing the waters with ridiculous higher asking prices.
Home sellers should be careful and price their homes to sell and not just list for high price bragging rights. Owners should look at most recent comparable sales on their streets, in their neighborhoods, and local village communities and cities, and determine fair market value accordingly.
Home market price should be determined by the most recent comparable sales and pending sales and listed at or near expected fair market value.
Orange County now has 3,407 homes listed for sale – with 2,893 pendings during the past 30 days – and average market time to sell all homes now on the market at 1.18 months (as of April 13, 2013).
Orange County now has average for homes for sale list price of about $1.6 million – and average homes sold price of about $500,000. That’s too much of a spread – and shows that some OC homeowners are listing way too high.
Owner/sellers should use their real market advantage to list and sell at highest possible market value price. They should always look at history of market sold prices during the past three months, and list their homes to actually sell, while avoiding the hassle of having their homes on the market too long – or not selling at all because of the too-high pricing.
Source of some information is Steven Thomas and his ReportsOnHousing.com.
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