Villa Park is the most improved Orange County home market
Now could be a good time to invest in homes for sale in Orange County, as there are several local housing markets that have shown improvement over the past year. According to a home inventory report by ReportsOnHousing.com, The Orange Register explains Villa Park displayed the most improvement.
The source measured home market improvement by comparing the supply of homes for sale with the new purchase deals in a month. The latest report on May 24, 2012, found Villa Park had the most improvement in months during the past year. The city had a decrease in average time a home was on the market from 14.75 months to 2.86 months. Additionally, the latest inventory for Villa Park showed there were 22 residences for sale and 26 new escrows in the previous 30 days.
Villa Park is the smallest city in Orange County, with only approximately 6,500 people living in its 2.1 square miles. However, the city motto, "Villa Park, the Hidden Jewel," lives up to its name, as there is a variety of shops and attractive neighborhoods. The U.S. Census Bureau reports the median value of a home in the city from 2006 to 2010 was around $1 million.