The Orange Real Estate Market is 'Hot'

With an inventory that is priced right and interest rates still near historic lows, one real estate agent says this is the "best market ever."

Normally it's either one or the other; rarely are rates so low at the same time that prices are so appealing. That's according to 30-year real estate veteran Barbara Lehrer, an agent with Coldwell Banker who specializes in the town where she was born and raised and that she still calls home — Orange.

We caught up with Lehrer in the Town Clerk's Office on a recent afternoon and picked her brain a bit about local market conditions. Here's what Lehrer had to say:

While the local market is very good, "Orange is hot."

Anywhere between 20 and 30 people are showing up at each open house on the weekends. The potential homebuyers are people with kids who are looking for a nice community with excellent schools — a perfect match for Orange, she says.

Asked what kind of homes are moving right now, Lehrer replies, "That 335 price range that doesn't need a lot of work."

There's not as many houses for sale for $450,000 to $600,000, although Lehrer expects a lot more inventory to pop up in the coming weeks as the spring market hits full stride.

To check out recent property transfers and other local real estate news, check out the Orange Patch Real Estate page.