Search activity for homes in Orange County increased by 58.9% over this time last year, according to a report by Realtor.com.
Sure, more people on the Web are hunting for homes in O.C. more than before, but how does it stack up to the nation’s other real estate markets?
Though 58.9% seems like a nice improvement, the Las Vegas housing market enjoyed a 140.4% increase in online search activity.
O.C. falls far behind in 113th place; L.A. takes 89th place with a 68.3% increase in searches over last year. So people are looking but that has not turned into widespread buying yet. Currently there are 379 homes for sale in Laguna Woods Village and sales are down 22% from the sales in the same month as last year!
O.C. housing is 6th least affordable in U.S.
While some folks cheer recently rising home prices, there is a price to pay: Orange County is a very challenging place to pay for a home!
O.C. was the 6th “least affordable” housing market in the nation in the second quarter. That’s according to economists at the National Association of Home Builders and Wells Fargo Bank. This group measures local real estate and economic conditions to arrive at a measure showing what percent of new and existing homes recently sold were so-called “affordable” to a representative household income in that town.
BUT LAGUNA WOODS VILLAGE IS AFFORDABLE! We are the one ray of hope in a sea of expensive homes… We are ranked in the top 10% in the nation for affordability with an average sales price of $210,000. This figure is down 19% from the same month last year.
If you would like more information about Laguna Woods Village, check out my web site: www.leisureworldre.com or Call or email me today to find out more about how you can get in on “ground floor” in Laguna Woods Village. Prices can go nowhere else but up from here~!
