The momentum of activity in the Orange County real estate market has definitely changed for the better despite many threatening clouds on the horizon that include unemployment, financing, and the shadow inventory of pending foreclosures.

With much uncertainty in the market place seven of the thirteen markets we follow enjoyed an increase in the total dollar volume of sold listings.  The two areas with the highest percentage increase were East Bluff / Harbor View and Laguna Beach. Our agents report renewed attendance at open house activity and multiple offers on well-priced properties.

You may look at any of the Micro Markets we study by clicking on the area of choice in our table of contents. We hope this will guide you in making a prudent decision whether purchasing or selling your home. We feel there is power with information. Please enjoy our report and if you want more information regarding a specific property or area please feel free to contact one of our local professionals at our Newport Beach office to help you.

12 Corporate Plaza, Suite 250, Newport Beach, CA 92660 (949) 270-0440

Please click the link below to download the report:

Orange County February 2010 Micro Market Report

Filed under: Micro Market Updates on March 15th, 2010