There are currently only 18 "distressed sales*, in Orange County over 3 million pop.), the lowest ever.
It is truly a sellers' market. List at a reasonable price, and watch it sell in days,
* distressed defined as foreclosure or short sale.
Not just a trend for SOCAL. And for a number of reasons...
In the Pandemic norm, disposable income has to go somewhere, and just as in the case of record Swimming Pool sales, and staycations, the home is being looked at more than just an abode.
Interest are rates low, but may be short lived, when the lagging indicator of the national impact of fed debt starts infliltrating into monetary policy.
Investment options and opportunites have grinded to near zero. Times like these dictate flights to safety like metals and real estate. Though IMO, better real estate to get into is farm or timber land.