Welcome to a seller's dream! In 2020, the typical home seller profited a net cash gain of $210,000 from the sale of their home. That is an average of 63.8% increase from the original purchase price!
In 2020, home sellers who lived in their homes for less than five years earned a median profit of 16.5% from the sale of their homes. Those who lived in their home for more than five years earned a typical profit of 100%!
In June of 2021, the median sales price for a home in Orange County was $819,630. This represents a new record for the fifth time in seven months. Additionally, in that same month, more than 71% of homes sold for above-asking price.
Naturally, this market is challenging for buyers, however, if you are interested in learning how much maximize your investment during this unprecedented market, feel free to reach out.