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Find Out the Latest Condition of the South California Real Estate Market from Stanley Bae of Orange County

Stanley Bae

Do you wish to invest in real estate in South California? The market has grown and has come up with better opportunities now. However, before you start with the investment plan and want things to be on track, there are certain things to keep in mind. It will assure of positive return from investment in a quick time.

What do you understand about investing in California?

Investing in real estate can be for sole investment purposes or living in. It can be like investing in commercial property, raw land, or residential areas. South California is considered one of the best investment options due to its diverse economy. There are state vulnerabilities such as the chance of fires and earthquakes and political factors like budget cuts and unemployment. But then, the growing and changing trends in the market can guide you better to go for the right option when it comes to real estate investment in South California.

Orange County’s housing market is changing – Let’s see how

As per sources, the real estate market in Orange County is changing. Though mortgage rate and scope of inventory have grown, home prices have stabilized, and the agents are welcoming change in the pace of the real estate market, with few buyers. The spread of the pandemic has most impacted the market. But it is seen that potential buyers are gaining trust in the market and trying feasible options to invest in California.

Understanding the Real estate market in Orange County

It is one of the iconic counties in America, it has lots of parks and beaches and warm weather to welcome. It was in 2021 when the median price of houses in Orange County increased by 15.7%  to almost $920,00. At the same time, home sales have dropped by 13.6%. The reason behind the rising California home price is the lack of inventory, which will suggest an increase in housing prices and will continue to rise.

The rising home rates and high cost of living posed some challenges for potential buyers and resulting in the following:

  • Of most South California regions, Orange County is the lowest affordability index, measuring the percentage of families who can afford to invest in a home
  • Homeownership had steadily declined from 2007 with 62.7% to 57.1% when analysts believed that it was a sign of recovery from the recession
  • Even the homeowner’s rates are increasing from 2024 to 2025, and this is what experts like Stanley Bae focus on

Given the scenario of 2022, the home price will continue to rise at a fast pace. As there is an increase in the home rate, the competition will come down. Experts are also surprised to examine the tremendous increase in how long it may take to sell a home. Therefore, one should plan for investment in the market as per the current trends in real estate.

What Orange County Real Estate Market forecasts for buyers in 2022?

The bygone years have been tough for home buyers. Given the present scenario, experts like Stanley Bae of Orange County suggest how, after fierce competition, investing in real estate can become easier in 2022. Let us look at the following reasons.

  • More listing options

The property listings have been rising after the second half of 2021 and will move at a definite pace in 2022. With this, buyers have less pressure in the market with more options that are pushed out for the potential scope of the sale.

  • Less of competition

The pandemic has reduced the hype of home buying, giving some time to the buyers to settle and evaluate the market closely. Moreover, there is less competition in the market, and buyers get more time to think and consider the budget to invest in California real estate market.

  • Price increase levels out

The Orange County 2022 forecast predicts an increase in the price of the property. But side by side, it is happening slowly compared to 2021. This is how it has become affordable for buyers to invest in property in South California.

Will buyers keep paying more for a home in 2022?

In 2021, it was seen that buyers are willing to pay more than a home’s appraised value. As a result, the borrower’s mortgage will depend on the property’s appraised value but will have high demand and low inventory.

However, as per predicting forecast for the current year, the demand may slow down, and the need to pay more than the appraised value of the property will no more be needed. This is a good sign for the borrowers. However, paying more than the actual price isn’t a good practice, and you should judiciously plan for your investment, keeping in mind the return to expect in the years to come.

Is 2022 a good year to buy a home in Orange County?

This is something that most home buyers are looking for when planning for home buying in the current year. Inventory will be high, indicating price could be flexible. Some buyers will be priced out who can buy a home buy are afraid to invest due to the competition. So, given this condition, the investor should consider the market thoroughly before they wish to invest in Orange County.

The loan limits are also increasing, making it easy to invest in a home with a small range of down payment. In 2021, the conventional loan limit increased to 2022. With less competition, there will be scope for new buyers in the industry who are willing to invest in real estate in South California.

Wrapping it up

2022 will continue to see an increase in the price rate with a low-interest rate and great demand for real estate in Orange County. Buyers will have a better experience choosing a loan scheme and the property they wish to invest in. With the idea on the market, it will be easy to explore mortgage options and choose the suitable one.    

Top Places to Visit and Foods to Try in Orange County During Winter

Traveling is both a physical and mental satisfaction that drives travelers away from the daily humdrum of today’s bustling life. It’s a rejuvenating and refreshing experience for people who need a break from their hectic schedules.

Winter is the most excellent time when people plan to book their trips far and wide. Whichever time you consider, without treating your taste buds with the place’s local cuisines traveling remains incomplete. On this note, here’s a guide to the top places to visit during the winter.

Is It Worth Visit The Orange County in California?

If preparing a voyage in California, plan your California trip by understanding a few things. Orange County is the most celebrated place that witnesses a lot of tourists from far and wide. If you plan to visit Orange county, take advice from Stanley Bae of Orange County. This motivated and forward-thinking entrepreneur in Orange County is a lover of food. Stanley recommends every traveler to visit Orange County during the winter times.

The most excellent time to visit the place is between December and February. Experience Mother Nature in the most natural attire during the winter season! Don’t worry; you won’t get snow or ice in this region during winter. The region’s warmth is excellent to impress you. While winter is not a perfect time to chill near the ocean, Orange County gives you an option for outdoor recreation.

Newport Beach and Crystal Cove State Park are hidden gems for all hiking enthusiasts. Here’s enlightening you on these trips.

#1 Newport Beach

Excitement and fun are easy to find when in California. If you are interested in a weekend away or a day out, include Newport Beach in your itinerary. From romantic dining destinations to family-friendly trips, the region serves it all. Check out the highlights around Newport Beach & immerse in the memorable adventure with your spouse, family, or friends.

Visit Balboa Island, which offers amazing opportunities for snacking. The famous foods you can try out are chocolate-dipped berries, salt water taffy, and beef hot dogs. Choose your favorite toppings and enjoy the taste of these local munchies. The famous treats are twice-dipped in dark chocolate, chocolate, cherry dip, or peanut butter and rolled in toppings such as crushed nuts, sprinkles, or even cookie crumbles.

Want to enjoy Whale Watching? Visit Newport Beach as it’s popular for year-round whale watching. From December to April, witness the gray whale migration. If you wish to visit during the summers, discover killer whales, blue whales, and finback whales from May to November. It’s a great spot for dolphin watching too.

You can also shop at Lido Marina Village – your one-stop destination for boutique shopping at this point. Choose designer swimsuits, upgrade your travel accessories, shop for fine jewelry, and have loads of fun here. Visit the Sherman Gardens for breathtaking sights and scenic walks.

#2 Crystal Cove State Park

Want to experience the fullest beauty of California’s coast and picturesque views? If yes, consider paying a visit to Crystal Cove State Park. Situated in gorgeous Orange County, it has it all. Besides natural seashore, it has beaches, tidepools, wide-open spaces, and towering bluffs for epic camping and hiking. 

These gorgeous beaches stretch over 3.2 miles of coastline. The whole park is enormous and isn’t limited to just coastlines. Located directly on the Pacific Coast Highway between Laguna Beach and Corona del Mar, it is quite easy to access. It’s a perfect destination for day trips and weekend getaways!

You can rent a Crystal Cove cottage. It’s so astoundingly charming and beautiful that even locals plan out a trip out here. Some cottages get used for visitor services, community outreach, and educational programs. They are located on the beach itself. And everything from studios to one or two bedrooms and dormitories are included.

All in all, planning a trip to Orange County during the winter is an amusing affair. You can plan your trip and get a taste of local cultures during the time. Experience local people immersing in their rituals in Newport Beach Christmas Traditions held during the season. Other events you can experience include Fashion Island’s Annual Holiday Tree Lighting Party and Lighting of the Bay at Newport Dunes.

Enjoy occasional snowfall during the time. Pack a pair of boots along. Get a taste of red wine and wood fire with your friends and family. Are you looking for outdoor adventures? Never miss out on trying mountain biking. Visit Mount Canobolas and Lake Canobolas to enjoy these intriguing activities.

What Foods to Try When In Orange County?

Besides traditional pizzas, pasta, and sandwiches, there are killer food items around the world you possibly don’t know about. If you consider yourself a voyager and explorer from the inside out, you must try out these revered foods. Stanley Bae recommends the following food items to one and all when in California. So, if you plan to visit Orange County in California recently, please treat your taste buds to these food items.

  • Ramen Burger
  • Ramen Burrito
  • Fish Tacos
  • Mac & Cheese
  • Sushirrito
  • Burrito

Being in Orange County and not treating your taste buds with these foods would only make your trip unjustifiable. Orange County’s restaurant scenarios are becoming more prominent lately. With the growing demand for dining out, restaurants in Orange County are emerging at lightning speed. If you want to be a part of the new food revolution, please book your tickets to Orange County.

After everything else

The city has an international airport –John Wayne Airport. It’s connected to around 20 cities around North America. If you want to plan a weekend getaway from Los Angeles, you can take a car and travel to the city. Besides Uber and public transport, local taxi services are also available for rent. So, now that you have prepared your mind to plan a trip to Orange County, list out these aforementioned things and taste these dishes when in the city.

What is the Best Time to Visit Orange County, California?

Stanley Bae

Orange County, California, is perfect for visiting during all four seasons. It offers the perfect combination of sandy beaches and mild-year-round temperature. But still, the best time would depend on your interests. From having the best experience in luxurious spas to enjoying surfing, it has a lot to offer travel enthusiasts.

Winter time – months of December, January, and February

When visiting Orange County during this time, you can enjoy its beauty to the fullest. If you are bored of snow and icy cold regions, the warmth of this place would be great to visit. Though winter isn’t the right time to chill in the ocean, there are options for outdoor recreations. In this, Crystal Cove State Park and Newport Beach are the best for hiking.

The annual events such as Newport Beach Christmas Traditions are worth visiting during this time. Other events include Lighting of the Bay at Newport Dunes and Fashion Island’s Annual Holiday Tree Lighting Party.

You may experience occasional snowfall during this time, so it is better to get your boots along. Enjoy the wood fire and red wine with family and friends. If looking for outdoor adventures, don’t miss trying mountain trail biking or visiting Lake Canobolas and Mount Canobolas. Walking amidst bush in locations like Ophir and Federal Falls would be perfect for enjoying the beauty of the winter in Orange County.

Stanley Bae

Spring Season – Months of March, April, and May

Are you looking for a quiet gateway with a fantastic gateway to enjoy Orange County in its full glory? In that case, spring is the secret season when temperatures remain between 50 and 60 degrees. If hiking is your favorite outdoor recreation, there are several options for having a splendid time.

Stanley Bae suggests trying the fantastic cuisine from around the world. It has almost everything you crave, from global cuisine to authentic American eats and others. So, don’t miss trying the Newport Beach Restaurants. There won’t be a huge crowd outside the eating joints.

The sign of spring arriving is one of the romantic scenes to witness here. The pleasant temperature gives rise to blossoming flowers with mesmerizing sceneries.

  1. The parks have traditional Victorian trees, straight in line. In Cook Park, the Park Guildry shouldn’t be missed
  2. The ‘Bastick Cottage’ has evidence of local craftsmanship
  3. The botanical gardens should be included in your list. Be it a walk or a picnic, this place has its charm
  4. The village of Carcoar is just a short drive from Millthorpe and a wonderful place to explore
  5. The famous Western Plain Zoo is another option to try

Is it right to visit during the summer months?

Stanley Bae of Orange County, California, believes the summer months are famous here. Even though the temperature remains high, it is perfect for spending outdoors and exploring California beaches. The place will be a little crowded at this time, but the area’s beauty is worth visiting. 

During this time, beach surfing is a must-try fun activity. Stanley Bae suggests the beginners take a surfing lesson before going for it.  If you want to try some serious surfing activities, the northernmost point of Balboa Peninsula is suitable.

Enjoy picking berries at farms, and one of them is Huntley Berry Farm. You can visit this for berry picking from October to April. You can have the sweetest strawberries during this time. It has an adjoining café to spend quality time with friends and family. Lake Canobolas offers an excellent walk, just 35 minutes from this café. This lake blooms in its full form almost during all seasons.

Is it worth visiting California in the fall time?

The fall season, from September to November, is another option for a quiet getaway. Even though tourism falls during this time, it is a good time to experience to place. The sunny days and the skies would be in full beauty to enjoy at the shore. The Newport Beach Thanksgiving would be perfect for enjoying at this time.

Here, you can witness the Autumnal change in color of leaves and how the gardens and parks display their color in full form. Cook Park, Elephant Park, and Campbell’s Corner are some of the best places to enjoy the place’s charm. Autumn is also a busy time for the local producing sectors. You can get apples, pears, figs, olives, and saffron throughout the year.

Stanley Bae

List of popular beaches to Explore in Orange County

Communities you shouldn’t miss when going to Orange County are:

  1. Laguna Beach – The place was home to painters, artists, and photographers. It is mainly due to the picturesque coastline of coves and pools and magical light that helps the artists use their creative minds.
  2. Irvine – Irvine is the largest city, and the University of California is located here. People here mostly belong to Asian descent, and one can try noodles, dim sum, and other cuisines in the city restaurants here.
  3. Huntington Beach – It is at the northern end of the country and a famous place for surfers. Here, you can explore Bolsa Chica Wetlands and 390 different species.
  4. Newport Beach – This casual beach town is famous for its happening shopping destinations. Here, Manmade Balboa Island is a must-visit place.
  5. Anaheim – This closely joins Disney’s California Adventure Park and is a famous place to include in your itinerary to Orange County.

The city’s international airport, John Wayne Airport, is well connected to its 20 cities across North America. You can also take the Los Angeles Airport, which takes less than an hour by car from Huntington Beach or Anaheim. Besides public transport and Uber, local taxi service is convenient and easy to rent to explore various destinations in the city. So, no matter the time of the year, Orange County has a lot to offer its travelers and help them create the best memories on the trip. This is what Stanley Bae of Orange County would suggest a traveler plan for the journey.

California Real Estate Market Trends for 2022

Stanley Bae Sacramento California large house with pool

From San Diego to Sacramento, California is in the midst of a seller’s market, making 2022 the year that you could finally cash in on your real estate investments. Stanley Bae from Orange County California says that between growing luxury sales and ongoing population redistribution, the California real estate market is set to face a few major trends in the coming months. Stay up to date and catch the wave to cash in big.

California real estate analysts expect to see a continued upswing in luxury home sales throughout 2022. However, this is offset by an ongoing exodus from higher-cost cities as more and more middle-class Californians seek out homes in affordable areas. Combined together, housing prices are expected to rise nearly 5%, making 2022 a good year to sell your home.

In this quick overview, we’ll explore three major trends affecting the California real estate market in 2022. Put this information to good use and stay up to date with all the latest market trends here!

Analysts Expect More Luxury Sales in 2022

Despite ongoing COVID-19 woes, 2021 was a record-breaking year with more luxury home sales than ever before. 2022 looks set to continue this trend as more and more luxury homes come off the market from San Diego to Santa Barbara. In fact, the trend has accelerated so quickly that the market seems to be short on supply.

In Los Angeles and San Francisco, there just aren’t enough luxury homes to meet demand according to real estate brokerage firm Hilton & Hyland. This lack of available supply is keeping the market competitive as wealthy Californians continue to look for top-of-the-line housing. For now, though, they will just have to wait to move into their luxury abodes.

Middle-Class Exodus Continues in 2022

The so-called ‘California Exodus’ might not be as drastic as some would have you believe but there’s no doubt that many middle-class Californian families are struggling to pay the astronomical costs of living within California’s most expensive cities. Understandably, they’re moving out and heading to the suburbs.

Currently, 4 of the top 10 busiest commuter cities are around the Bay Area. This growing trend highlights a need for more affordable housing and a sudden doom throughout California’s smaller towns and cities. This trend is expected to continue throughout 2022 as housing prices continue to rise.

Stanley Bae from Orange County California foyer

California Housing Prices Continue to Rise in 2022

COVID-19 has made it harder for construction workers to break ground and build new homes throughout the state. This has understandably led to a lack of available homes in a state where the rich are hoping to purchase luxury properties and the middle-class are looking for new, affordable homes in the suburbs.

With high demand and low supply, housing prices have been driven up and are expected to rise an additional 5% over the next year. This growing trend is good news for anyone wanting to sell their home but puts many middle-class families at a disadvantage as they look for cheaper mortgages.

Final Thoughts

If you’re wanting to buy a new house in 2022, California might not be your best bet. With a lower supply of available properties, housing prices have soared. However, if you’re a California homeowner wanting to cash in on your investments, now is the time to sell your home.