OC Housing Report

The Buyer’s Roadmap

As negotiations lean more toward buyers, data and statistics will help set realistic expectations and guide them to a successful outcome in today’s market.

In July, 61% of all Orange County closed sales sold below their original list price, the highest level since February 2023.

Back in the 1990s, before navigation apps existed, driving around an unfamiliar area without a map often left many feeling completely turned around and lost. It was necessary to find a local gas station and purchase a map. Once that special guide was carefully unfolded, it was much easier to ascertain precisely where they needed to go to arrive at their desired location successfully.

Many buyers approach the market today without a proper roadmap. They rely on how they think today’s market should unfold without really knowing the facts. To help navigate the Orange County housing market effectively, they should carefully consider the best, most revealing roadmap: current data and statistics.

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Excerpt taken from an article by Steven Thomas.

About the Author

Tim Morissette, REALTOR®

Tim Morissette, also known in the community as Mr. Foothill Ranch, offers over 47 years of real estate experience which has given him an established reputation and unmatched market knowledge. He is joined by his wife, Michele and sons Matt and Jeff, as they continue to offer personal service with an emphasis on achieving his clients’ real estate goals. This unique combination of traits has led to his proven track record of referral and repeat business. This can be witnessed by the trust of homeowners in Foothill Ranch where he has sold twice as many homes and represented three times more buyers than the next-leading real estate agent for the last 27 years.

As residents of Foothill Ranch since 1994, Tim and Michele are actively involved in the community by fundraising for Foothill Ranch Library, Make-a-Wish Foundation, Cancer Society, Homes for Habitat, Relay for Life, South County Outreach, and the local church and schools. Tim enjoys sponsoring community-wide garage sales, paper shredding and e-waste recycling event, an Easter egg hunt, & a Meet Santa Event.

Tim and Michele are dedicated to their family of four sons, daughter-in-laws, and grandchildren. As a family, they enjoy many outdoor activities which include camping, spearfishing, mountain climbing and exploring the miles of hiking and equestrian trails in Foothill Ranch and the Whiting Ranch Wilderness Park. Tim and his sons are also avid snowboarders and enjoy mountain biking and lobster diving. Family is a top priority in the Morissette household. They look forward to helping more families achieve their dreams of homeownership.