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812856-686112-thumbnail.jpgOrange County, August 18, 2007

As home prices rose, condo sales picked up.  Note also that new construction sales peak every December.  Presumably, builders try really hard to hit those end-of-year sales quotas.

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Buying tip:  Builders are more likely to cut you a bargain if you close escrow in December (November offers).  So November could be the best month to buy from a new home builder.

Seller tip:  Expect to have more competition in November, as builders lure buyers with specials.
 

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Orange County Premium articles for August 2007 

Orange County prices dropped 25% in the last downturn 

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California Housing Forecast Exclusive:  historical San Diego inventory going back to 1998

How the housing bubble popped in San Diego 

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