{"id":402,"date":"2021-02-24T21:34:12","date_gmt":"2021-02-24T21:34:12","guid":{"rendered":"https:\/\/joanndickinsonhomes.com\/?p=402"},"modified":"2022-06-30T21:36:37","modified_gmt":"2022-06-30T21:36:37","slug":"orange-county-home-sales-continue-to-soar","status":"publish","type":"post","link":"https:\/\/joanndickinsonhomes.com\/housing-market\/orange-county-home-sales-continue-to-soar\/","title":{"rendered":"Orange County Home Sales Continue to Soar"},"content":{"rendered":"<h2 class=\"trends-primary-heading heading-medium text-center\" data-rf-test-name=\"heading\">Why do home prices continue to increase during a pandemic?<\/h2>\n<p>As more and more people work from home folks are looking for a larger home to purchase with a home office, home schooling area or space for a new home based business. This has brough a high demand for buyer&#8217;s looking to upgrade to a larger home along with historiclly low interest rates. First time home buyers are jumping into the market with a low down payment and taking advantage of low interest rates as well.&nbsp; However, Buyer&#8217;s are experiencing less homes on the market, multiple offers and often homes selling for thousands of dollars above the asking price.<\/p>\n<p>At the same time Seller&#8217;s are taking advantage of refinancing to reducing their mortgage payment at those same low interest rates rather than selling their home which is bringing a supply and demand issue to our housing market.<\/p>\n<p>What are you experiencing with our housing market? I would love to hear about it. Let&#8217;s talk when you have time and discuss any challenges you may be experiencing with home buying or selling.<\/p>\n<p>Wondering what your home is worth in todays market? Go to <a href=\"http:\/\/www.huntingtonbeachhomevalue.com\/\" title=\"JoAnnDickinsonHomes.com\">JoAnnDickinsonHomes.com<\/a> and see what your home is worth in todays market.&nbsp;<\/p>\n<p><strong>Huntington Beach Median Home Sales<\/strong><\/p>\n<ul class=\"trends-list margin-horiz-auto font-size-base\">\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Median List Price$985K<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Avg. Sale \/ List99.0%<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Median List $\/Sq Ft$566<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Avg. Number of Offers3<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Median Sale Price$925K<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Avg. Down Payment43.3%<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Median Sale $\/Sq Ft$534<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Number of Homes Sold161<\/li>\n<\/ul>\n<p><strong>Irvine Median Home Sales<\/strong><\/p>\n<ul class=\"trends-list margin-horiz-auto font-size-base\">\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Median List Price$979K<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Avg. Sale \/ List99.4%<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Median List $\/Sq Ft$508<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Avg. Number of Offers6<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Median Sale Price$901K<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Avg. Down Payment38.1%<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Median Sale $\/Sq Ft$492<\/li>\n<li class=\"trends-item padding-vert-smaller\" data-rf-test-name=\"trends-items\">Number of Homes Sold228<\/li>\n","protected":false},"excerpt":{"rendered":"<p>Why do home prices continue to increase during a pandemic? As more and more people work from home folks are looking for a larger home to purchase with a home office, home schooling area or space for a new home based business. This has brough a high demand for buyer&#8217;s looking to upgrade to a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/posts\/402"}],"collection":[{"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/comments?post=402"}],"version-history":[{"count":1,"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/posts\/402\/revisions"}],"predecessor-version":[{"id":404,"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/posts\/402\/revisions\/404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/media\/403"}],"wp:attachment":[{"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/media?parent=402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/categories?post=402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/joanndickinsonhomes.com\/wp-json\/wp\/v2\/tags?post=402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}