Just like most Octobers of each year, inventory levels have risen in the Orange County and Anaheim markets. Most years tend to peak with inventory levels around the fall time and is at it’s lowest in the spring.
Putting the inventory in perspective, September had 3.3 “months of supply” compared to the highest value of 3.6 back in September of 2013 as the seller’s market was starting to reign with low inventory. “Months of supply” is the measurement used where that is the time needed to sell all properties given the current demand.
3 months or less is commonly referred to as a “seller’s market”. The 3.3 value is still a “par market” where it’s neither a buyer or seller’s market.
What does this mean for Stadium Lofts Residents?
Keep in mind that buyers are buying one home — not the market. This means that a buyer will cross shop homes based on their criteria. For example, a buyer who needs 2 bedrooms or more will not even view a studio or one bedroom. Stadium Lofts buyers are likely to shop similar nearby buildings such as The Domain of Anaheim, Chapman Commons, or Harbor Lofts.
Other factors will include your floorplan, location, and the communities amenities. You can see my comparison of amenities here.
To get a full, detailed report including average days on market, specific addresses, prices per floor, and closed sales from the last 6 months, go to our Stadium Lofts Valuation Page.