Irvine CA Real Estate – Resale Market Gets Faster

IRVINE CA REAL ESTATE UPDATE

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

S692013
Northwood Irvine home – $998,800 list – 4 bedrooms and 3 baths – 2400 sf interior – MLS# S692013 – IDX link

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 

S691809
Woodbridge Irvine home – $939,900 asking price – 4 bedrooms and 3 baths – 2366 sf interior –  

MLS# S691809 – IDX link

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.

Contact us about listing and sale of Irvine and Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

Posted via email from Explore OC Homes

About Harrison K. Long

Businessman, Professional Realtor agent, GRI, Broker associate, Coldwell Banker Residential Brokerage - Orange County, California - CA DRE 01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about homes and real estate - Member at the Orange County Association of REALTORs (serving on its board of directors for 2012); California Association of Realtors (serving on its board of directors for 2011-2102); National Association of Realtors - Also an attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515
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