Currently in Orange County, 56% of single-family homes cost more than $1 million.
"About 10 years ago you could get a single family home in some of the more affordable areas in Orange County for the mid-5’s, about $500-$550 [thousand]. And what about now? It could be $850-950 [thousand].""I’ve been doing this for 44 years and there’s never been a better time in my career to sell a property than right now," said Walt Tamulinas, ERA Orange CO. Real Estate CEO.
"Everybody asks that big, big question: ‘Is the market going to blow up and the prices going to go down?’ I don’t believe that they will. I believe we have a really strong economy in Southern California and I think that will continue and as a result to that the prices will be stable. What’s going to stop is this craziness of overbidding," Tamulinas added.
So if you want to buy a home here, these experts advise – use other people’s money and invest together…or get a tailored strategy in place with a reputable realtor and mortgage lender. "Think about how to tailor your offer to be very competitive in order to shorten that journey from the start to getting your keys to your next home," Walker said.
"Our intention before we started was to find our forever home. After what I just went through I never want to have to do it again anyway because it was just horrible," Gilmore said.
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