Live @ Laguna Beach

Irvine CA real estate - home resale market – got faster by 40 percent in a year – according to Steven Thomas at www.ReportsOnHousing.com.  

As of March 15, 2012, Irvine had 538 homes listed for sale on the MLS multiple listing service system. 

Irvine then had 261 new deals opened in the past 30 days.  According to Thomas, Irvine had "market time" – months it would take to sell all inventory at that pace of new escrows – of 2.06 months vs. 3.44 months seen one year earlier.  

121 of the Irvine CA homes listed were either foreclosures being resold or short sales, where sellers owe more than the home's value – so distressed properties were 22.5% of supply of homes for sale. 

Irvine homes for sale made up about 7.7 percent of all Orange County CA number of homes for sale.

373 Irvine homes have resold so far this year 2012 – with average sold price of $639,157 – average market time of 104 days. 

Northpark Irvine – single family homes listed 

Northwood Irvine – single family homes

Portola Springs – homes listed

Quail Hill Irvine – single family homes

Turtle Ridge Irvine – single family homes

Turtle Rock – single family homes 

University Park – single family homes  

 Woodbridge Irvine – single family homes listed  

Irvine now has 509 homes listed for resale - much fewer than last year – average asking price of $994,686.  Irvine has qualified buyers who need more homes listed and some of sellers to get realistic about their asking prices. 

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Source of information is ReportsOnHousing.com, OCRegister.com and CRMLS, and this includes homes listed and sold by all brokers and agents.   

Posted via email from Explore OC Homes

Shady Canyon home – $2,900,000 – 4 bedrooms and 5 baths - 4510 sf interior - MLS# S690736 – IDX link 

 

 

  

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HOW TO PUT A VALUE ON A HOME

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Real estate professionals at Costa Mesa CA real estate are working carefully to promote and protect their customers and clients – hope for positive patterns while being aware of the number of properties now scheduled for trustee auction sales after foreclosure.

California is a non-judicial foreclosure state – property foreclosures are started according to law by filing of notice of default.  Foreclosures are concluded at the end of the process with conducting of public trustee auction sales. 

Orange County CA cities with property trustee auction sales after foreclosure now scheduled for some time during the next 60 days are:

• Costa Mesa CA – 180 properties scheduled for trustee auction sales after foreclosure
• Irvine CA – 377 properties
• Laguna Niguel CA – 210 properties
• Newport Beach – 156 properties scheduled for trustee auction sales 
• Dana Point CA – 95 properties

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Posted via email from Explore OC Homes

Turtle Rock at Irvine CA Real Estate - located in the hills of Irvine and near the UCI campus – a most sought after area for home and property buyers.

9 Turtle Rock at Irvine homes have resold during first two months of this year – January and February 2012.

Average sold price for those Turtle Rock homes was $934,242 – average interior size of those sold was 2,162 SF.

Turtle Rock is a planned residential community developed by The Irvine Company and has about 3,330 homes.

41 Turtle Rock Irvine homes are now listed for sale.  

Average list price at Turtle Rock homes is now $1,094,621 – average interior size for listed homes is 2,397 square feet.

29 of the 41 Turtle Rock homes now listed are condos or attached on one side – so Turtle Rock now has 12 detached single family homes listed for sale.  

Turtle Rock at Irvine SFR homes now listed – click here for active link.

Turtle Rock Irvine condo homes now listed – click here for active link 

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Source of some information is CRMLS, does not include FSBOs, trustee auctions sales or new homes, and does include homes listed and sold by all brokers and agents.  

Posted via email from Explore OC Homes

Irvine CA home selling market continues to be solid with buyer demand.

The average Irvine home for sale list price has now topped $1,000,000 (which is well above the average resold price).

Irvine has 531 homes now listed for resale with average asking price of $1,002,604. 

95 of those Irvine homes listed are short sales  -  27 of those listed are REOs  -  So 23 percent of current Irvine listings are distressed properties. 

Realtors and brokers resold 2,201 Irvine homes last year during 2011 – average of 183 sold per month – with average sold price of $638,742. 

• 443 of those sold homes last year were short sales (20 percent of market)
• 218 of those sold homes were REO lender owned after foreclosures (10 percent of market).

121 Irvine homes were resold last month during February 2012

• Average resold price for these Irvine homes during February was $565,107.
• Average market time for these resales during February 2012 was 116 days. 

Since there are 5310 Irvine homes now listed for resale and 121 sold during January, it would theoretically take 4.3 months to sell all homes now listed at this rate.  Irvine home resale market is balanced – not favoring buyers or sellers. 

Irvine airport area homes now listed – click here.  

Northwood at Irvine homes now listed – click here for active link. 

Northpark at Irvine homes now listed – click here. 

Portola Springs at Irvine homes now listed – click here.

Quail Hill at Irvine homes now listed – click here. 

Shady Canyon at Irvine homes now listed – click here. 

Turtle Ridge at Irvine homes now listed – click here  

Turtle Rock at Irvine homes now listed – click here.   

University Park at Irvine homes now listed – click here   

Westpark at Irvine homes now listed – click here   

Woodbridge at Irvine homes now listed – click here.   

Woodbury at Irvine homes now listed – click here.

Buyer demand is solid for Irvine homes - Irvine remains the economy powerhouse at Orange County CA - with more jobs for employees than any other city of it size (more than 200,000 people) in Southern California. 

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Source of some information is CRMLS, does not include FSBOs, trustee auctions sales or new homes, and does include homes listed and sold by all brokers and agents.  

Posted via email from Explore OC Homes