Irvine CA Home Selling Market Update Stays Hot

Irvine CA homes and real estate market updateIrvine CA continues to lead the pack at Orange County CA for home sales.  Irvine is a robust city with jobs, a healthy economy, and receives annual awards for being one of the safest cities in America.

Turtle Rock Irvine homes

Irvine has about 230,000 residents – and 80,000 homes and private residential properties.

Irvine is one of the most sought-after areas for residential living and investment in Southern California.

Home owners and sellers get lots of attention and have high expectations and confidence in Irvine property values.

690 Irvine homes are now listed for sale with the CRMLS multiple listing service (which is more than a 30 percent increase from six months ago).  Average listing price at Irvine is now at $1,163,000.

303 Irvine CA homes are now under purchase contracts with buyers – in backup and pending status on the multiple listing service – and these have average asking prices at $859,000.

274 Irvine homes have sold with closed deals during the past 30 days (from July 24 to August 24)– and average sold price for these homes was $854,000.

According to a recent Orange County Register article, 371 Irvine homes sold during July 2015 (including resale homes, new homes and trustee sale auctions).  

Average time on market from listing to sale of homes at Irvine is now less than 3 months (that time it would theoretically take to sell all Irvine homes on the market at current pace of sales) – so it’s still a seller’s market.

People seek out Irvine, because of its award-winning schools, excellent geography, biking and hiking trails, good jobs available, and that it has some of best weather anywhere.

See Irvine CA homes now listed for sale – click here

See Irvine single level homes now listed for sale – click here 

What_is_your_Irvine_home_worth-b-

By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents. We provide professional REALTOR® and broker representation and help for property owners, buyers and investors – for their best decisions about homes and real estate. Contact us to find out more about Irvine homes and real estate.

“Irvine CA Home Selling Market Update Stays Hot”

Posted in Irvine CA, Irvine home selling, Irvine home selling prices, Irvine home values, Irvine housing market update, Irvine listings, Irvine market update, Irvine real estate | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Irvine CA Home Selling Markets Remain Solid

 

IMAG0187-c-

Irvine CA is the giant at Orange County for home sales.

Irvine now has population of about 240,000 people – is an America’s safest city, has some of the best schools anywhere, and is tops in job opportunities.

Irvine homeowners and buyers continue with confidence in values, and home selling numbers and prices reflect that.

Irvine CA housing market update

Irvine buyers have purchased 951 homes so far this year (average of 191 sold per month) – with average sold price of $818,070 – and 72 days was average market time for those sold homes.

Irvine now has 581 homes listed active for sale on the multiple listing service – with $1,240,000 average asking price at this time.  Average market time is now 52 days (that time it would in theory to sell all Irvine homes at current pace of sale)

212 Irvine homes are now for sale on the market at more than $1 million asking price – and those have average market time of 60 days.

Woodbridge Village Irvine homes for sale

Turtle Rock Village Irvine homes for sale

Northwood Village Irvine homes for sale

What_is_your_Irvine_home_worth-b-

By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.

We provide the best professional REALTOR® and broker representation for sellers and buyers at Irvine and Orange County CA to have outstanding customer service experiences.

Please contact us about Irvine home selling and with your questions about “Irvine CA Home Selling Market Update”.

Posted in Irvine CA, Irvine home selling, Irvine home selling prices, Irvine home values, Irvine housing market update, Irvine listings, Irvine market update, Irvine real estate, Irvine schools | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Irvine CA Home Selling With Strong Start for 2015

Irvine CA Real Estate Market Update – February 4, 2015

cropped-P1010840.jpg

Irvine CA homes and real estate market update

Irvine CA is the economy engine driver at Orange County – has a population of about 230,000 people and is still growing.  People are especially attracted to Irvine, because of its positive economy and jobs, famous and award-winning schools, that it is one of the safest cities in America, that it is close in proximity to UC Irvine, and has some of the best weather anywhere.

421 Irvine homes are now listed for sale – as of February 4, 2015 – with average list price of $1,241,152.

  • 162 Irvine homes sold with closed deals last month during January 2015 – with average sold prices of $790,562 – and 88 average days on the market.
  • 115 Irvine homes sold with closed deals last year during January 2014 – with average sold prices of $757,842.
  • So 40 percent more Irvine homes sold this year during January 2015 as compared with number of sales last year January 2014.

Irvine home selling is more balanced these days with little or no advantage for either buyer or seller sides.

Irvine home sellers who are serious look carefully at “fair market value” – amount that other homes in the neighborhoods have actually sold for.  Buyers have more negotiating power and better choices now as compared with during the past two years.

More homes are sold and money spent to buy Irvine real estate as compared with any other city in the OC.

Irvine CA homes – now listed for sale

Irvine single level homes – now listed for sale

Northwood Irvine homes – now listed for sale

Turtle Rock Irvine homes – now listed for sale

Woodbridge Irvine homes – now listed for sale  

Coldwell Banker residential brokerage

By Harrison K. Long. Source of some information is CRMLS multiple listing service and Reports On Housing and is for homes listed and sold by all brokers and agents.

Professional REALTOR® agent and broker representation – with help for property owners, home sellers,  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.  Contact us at 949-854-7747 with your questions about home prices and values at Irvine and other Orange County CA cities and areas.

“Irvine CA With Strong Start for Home Selling 2015″

Posted in Home selling strategy, Irvine CA, Irvine home selling, Irvine home selling prices, Irvine home values, Irvine housing market update, Irvine listings, Irvine market update, Irvine real estate | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Buyers Know That Now is Best Time to Take Advantage of Unbelievably Low Mortgage Rates

Purchase money lendingWith interest rates dropping to their lowest levels since June 2013, now is a great time to buy a home at Orange County CA. Now is a great time for home buying-b-

Current rate drop to about 4.03% for 30-year fixed rate mortgage (for those who qualify) is a big savings for buyers on a monthly basis.

Home loan rates are fantasticRates are a lot lower today than they were at the beginning of this year 2014 – and are now at their lowest level since June 2013.

The FED has been printing money by funding the secondary market and purchasing mortgage back securities. It has held the Federal Fund Rate at almost ZERO for over five years. Lenders are essentially charged next to nothing to borrow money and are able to pass along this savings in the form of unbelievably low interest rates.

But that won’t last forever. The FED is ready to eliminate the economic stimulus (end QE3). The FED is looking to keep a lid on inflation and increase the Federal Fund Rate in about six months. That’s where we will see a change in interest and mortgage loan rates. As the Federal Fund Rate increases, banks’ profitability is squeezed, and lenders will raise their rates to home buyers and those who refinance.

In about six months – or about April 2015 – pressure is expected to rise on interest rates.

Message to home buyers and those who want to refinance: DON’T WAIT. Lock in your great mortgage loan rate now. There is no better time than now to buy your Orange County home and lock in the low rate.

Orange County CA how has 7,174 homes listed for sale, which is 841 more than same time last year. The expected average market time for all of Orange County CA is at 3.24 months now – or 97 days – now a balanced market that does not favor buyers or sellers.

Sellers at Orange County CA should make sure they are pricing their homes correctly from the start, so they can get real buyer attention during this balanced market.

By Harrison K. Long – Source of some information is CRMLS and ReportsOnHousing and is for listings and sales by all agents and brokers.

search Irvine CA homes – now listed for sale

search Newport Beach homes – now listed for sale

search East Costa Mesa homes – now listed for sale

search Lake Forest CA homes – now listed for sale

search Laguna Beach homes – now listed for sale

CB previews logo

Contact us with questions about Orange County CA homes, home buying and selling opportunities at Orange County CA. ~ Professional REALTOR® agent representation and help for home and 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 homes and properties at Orange County CA.

Posted in home buying, home mortgage loan rates, Home selling, Home selling strategy, Irvine home selling prices, Irvine home values, OC Home value guide, Orange County home values | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Irvine CA Again Named One of the Best Places to Live in America

Irvine CA Again Names One of the Best Places to Live in America

It’s no wonder that …

IMAG0187-c-Irvine CA was again named one of the best places to live in America 2014 by Money Magazine.

Irvine has been a huge favorite by residents and home buyers who are especially attracted to the city, because of its positive local economy, with more than 100 companies with U.S. headquarters, good jobs, famous and award-winning schools, and that it is one of the safest cities in America.

What’s more is that Irvine has some of the best weather anywhere.

More homes are sold and money spent to buy Irvine real estate as compared with any other city in the OC.

720 Irvine homes are listed for sale as of the start of Fall Season – September 22, 2014.

$1,094,450 is average list price at Irvine homes for sale – with average time on market for those now listed is 86 days.

166 Irvine sellers got buyers for homes under contract and went into escrow during the past 30 days – and average list price for those homes was $897,299.

Average list price of an Irvine home going into escrow ($890,127) is almost twenty percent lower than average for sale listing price of all Irvine homes.

Some Irvine home owners who listed their homes were unrealistic about price and need to look more carefully at fair market value – what other homes in the neighborhoods have actually sold for.

204 Irvine homes sold with closed deals during the past 30 days – Average sold price for those sold homes was $814,248 – and average time on market was 62 days.

Average time it would theoretically take to sell all homes now listed for sale (720) at current pace of home selling (201 per month) is about 3.6 months. This average time to sell Irvine homes has increased this year and especially during the past 90 days.

Irvine home selling market still favors sellers. But this is recently trending toward balance with increased number of listings and sales moderating. Buyers have more negotiating power and better choices now as compared with earlier this year and during 2013 – while sellers are in control of the prices.

We here to help you evaluate the market in your area and price your home to sell.

By Harrison K. Long. Professional REALTOR® agent representation and help for property owners, home sellers, 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.

Source of this information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents. Contact us at 949-854-7747 with your questions about home prices and values at Irvine and other Orange County CA cities and areas.

Irvine CA Again Named One of the Best Places to Live in America

Posted in Irvine CA, Irvine home selling, Irvine home selling prices, Irvine home values, Irvine housing market update, Irvine listings, Irvine market update, Irvine real estate | Tagged , , , , , , , , , , , , , , , | Leave a comment

Now is a Great Time for Orange County CA Home Buying

Orange County CA now has more than 8,000 homes listed for sale, which is up about 35 percent from one year ago.

Home-Buying-Tips-Template-252Home price appreciation has halted for now. Buyers have lots of choices these days and room for positive negotiation in many situations.

So why are some Orange County CA home buyers waiting? They seem to be nervous and on the sidelines for what they believe will be a real buyers market where they will get the best deals.

Buyers shouldn’t wait. Purchase money mortgage loan rates are still low and hover around 4.1% for a 30-year fixed rate for those who qualify.

Number of homes for sale listings is way up from last year and first part of this year, and buyers have much better choices now.

However, with an expected market time to sell all homes now on the market is just over 3 months, the current Orange County home selling market still favors the sellers and is not yet close to a buyer’s favored market.

Buyers are wishfully thinking and not using facts and real housing data while they wait to buy.

2014 is very different from last year 2013 when Orange County CA was a sizzling seller’s favored market – with homes flying off the market at almost any price.

Just because prices have gone way up does not mean that the market has shifted to a buyer’s market.

Orange County home selling markets are moving more towards a normal, balanced market where neither buyers nor sellers will be able to call the shots.

Today, it’s still a seller’s favored market with very little price appreciation. That means that homes will sell close to the most recent comparable closed sales and sellers will be able to control the terms.

Buyers need to look at the facts about the market and not wait!

 

Coldwell Banker residential brokerage

By Harrison K. Long. Source of some information is Steven Thomas and his ReportsOnHousing.com.

Professional REALTOR® agent representation and help for property owners, home sellers, 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.

Contact us at 949-854-7747 with your questions about Orange County CA home buying, prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Posted in home buying, Irvine home values, Orange County home values, Orange County homes, Orange County real estate | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Irvine CA home selling and real estate market update for August 16, 2014

Irvine CA home selling and real estate market update for August 16, 2014 shows 757 Irvine homes now listed for sale on the MLS.Average asking price for Irvine homes now is $1,108,451.

193 Irvine sellers got buyers for homes under contract and went into escrow during the past 30 days.

231 Irvine homes sold with closed deals during the past 30 days. Average sold price was $783,327 – and average time on market for those was 66 days.

Average time it would theoretically take to sell all homes now listed for sale at current pace of home selling is 3.27 months.

This average time to sell Irvine homes has increased especially during the past 90 days.

Irvine home sales remain solid, and qualified buyers are still motivated. This Irvine market still favors sellers – but that’s more balanced recently with increased number of listings and sales moderating. So buyers having more power and better choices.

We here to help you evaluate the market in your area and price your home to sell.

Coldwell Banker residential brokerage

By Harrison K. Long. Source of some information is CRMLS multiple listing service and is for homes sold by all brokers and agents.

Professional REALTOR® agent representation and help for property owners, home sellers, 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.

Contact us at 949-854-7747 with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Posted in Irvine CA, Irvine home selling, Irvine home selling prices, Irvine home values, Irvine housing market update, Irvine listings, Irvine market update, Irvine real estate | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Price Reduction presents opportunity for buyers at 3163 Watermarke Place, Irvine CA real estate.

Price Reduction presents opportunity for buyers at 3163 Watermarke Place, Irvine CA real estate.

Lovely GardenMediation gardens near patio at 3163 Watermarke Place

 

 

 

 

-

Best executive style residential living with security, privacy and amenities, at Irvine CA

 

 

 

 

07 copy_10569370523_l

Beautiful, upgraded Watermarke home with premium lot location on the peaceful Meditation Garden!

 

 

 

11 copy_10569086235_lWell designed floor plan with open-concept kitchen, dining and living area.

 

 

 

 

17 copy_10569344113_lNatural light, volume ceilings and wood floors throughout.

 

 

 

 

Featuring convenience and privacy

22 copy_10569326303_lIdeal first evel location makes coming and going easy, with no steps to very close private parking space in gated garage.

 

 

 

15 copy_10569146834_lGorgeous kitchen with granite counters, white cabinets to ceiling, stainless steel appliances including 5-burner gas range, and built-in desk & cabinets.

 

 

 

18 copy_10569066995_lSpacious master bedroom has views of tranquil garden, trees & fountain, plus walk-in closet, ceiling fan and new carpet.

 

 

 

19 copy_10569135284_lAdjacent bathroom with granite counters. Inside laundry. Private patio next to Garden. Owners loved and cared for this home.

 

 

 

-Experience the Watermarke resort-style life with amenities including Clubhouse, Concierge service …

 

 

 

 

watermarke homes, 2013-Q-… sparkling pools and spas, fitness center, tennis and basketball courts …

 

 

 

watermarke homes, 2013-W-… movie theater, game room, and business center.

 

 

 

 

3163 Watermarke Place, 7-10-2014

watermarke homes, 2013-I-Watermarke is centrally located near the Irvine business center, Irvine Spectrum, Newport Beach, Orange County airport, UC Irvine, San Joaquin Wildlife Sanctuary walking/running trails, South Coast Plaza & easy freeway access.

 

3163 Watermarke Place – Now offered at $378,500 – MLS no. OC14118459

Presented by Harrison and Christi Long, Realtors and professional real estate representatives, Coldwell Banker Residential Brokerage, Irvine and Orange County CA – CAL BRE 01410855 – 949-701-2515 (cell).

Posted in Irvine CA, Irvine home selling, Irvine home selling prices, Irvine home values, Irvine housing market update, Irvine listings, Irvine real estate, Watermarke Irvine | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Open House Saturday Afternoon, July 26 – 3163 Watermarke Place, Irvine CA

Open house Saturday afternoon, July 26, 2014, and you are welcome to attend.

-Best executive style residential living with security, privacy and amenities, at Irvine CA

 

 

 

 

20 copy_10569060515_l

Beautiful Mediation Garden and peaceful views at 3163 Watermarke Place, Irvine CA

Clear value and best location at Watermarke Irvine

 

 

 

 

07 copy_10569370523_l

Beautiful, upgraded Watermarke home with premium lot location on the peaceful Meditation Garden!

 

 

 

11 copy_10569086235_lWell designed floor plan with open-concept kitchen, dining and living area.

 

 

 

 

17 copy_10569344113_lNatural light, volume ceilings and wood floors throughout.

 

 

 

 

Featuring convenience and privacy

22 copy_10569326303_lIdeal first evel location makes coming and going easy, with no steps to very close private parking space in gated garage.

 

 

 

15 copy_10569146834_lGorgeous kitchen with granite counters, white cabinets to ceiling, stainless steel appliances including 5-burner gas range, and built-in desk & cabinets.

 

 

 

18 copy_10569066995_lSpacious master bedroom has views of tranquil garden, trees & fountain, plus walk-in closet, ceiling fan and new carpet.

 

 

 

19 copy_10569135284_lAdjacent bathroom with granite counters. Inside laundry. Private patio next to Garden. Owners loved and cared for this home.

 

 

 

-Experience the Watermarke resort-style life with amenities including Clubhouse, Concierge service …

 

 

 

 

watermarke homes, 2013-Q-… sparkling pools and spas, fitness center, tennis and basketball courts …

 

 

 

watermarke homes, 2013-W-… movie theater, game room, and business center.

 

 

 

 

3163 Watermarke Place, 7-10-2014

watermarke homes, 2013-I-Watermarke is centrally located near the Irvine business center, Irvine Spectrum, Newport Beach, Orange County airport, UC Irvine, San Joaquin Wildlife Sanctuary walking/running trails, South Coast Plaza & easy freeway access.

 

3163 Watermarke Place – Offered at $384,000 – MLS no. OC14118459

Presented by Harrison and Christi Long, Realtors and professional real estate representatives, Coldwell Banker Residential Brokerage, Irvine and Orange County CA – CAL BRE 01410855 – 949-701-2515 (cell).

Posted in Irvine CA, Irvine home selling, Irvine home selling prices, Irvine home values, Irvine housing market update, Irvine listings, Irvine real estate, Watermarke Irvine | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Irvine CA Home Selling 2014 Midyear Update

OLYMPUS DIGITAL CAMERAIrvine CA home selling 2014 midyear update shows shift toward balance and not favoring sellers as much as the market did last year.

Irvine home selling prices are determined with focus on recent comparable sales and fair market value.Irvine CA Midyear real estate update-b-

783 Irvine homes are listed for sale as of today (July 19, 2014) – an astounding number jump up of 108 percent since start of this year when 375 homes were listed.

Home selling at Irvine CA remains strong with prices up – while buyers now have more choices. Homes for sale are staying on the market about the same on average these days as compared with the first of the year (when average market time was 3.8 months).

5 Shade Tree, sold, 6-30-2014

Midyear Irvine average home sold prices at the following communities during June 2014 can serve as a guide for fair market value:

■Airport Area Irvine – 17 homes sold – average sold price of $581,815

■El Camino Real Irvine – 8 homes sold – average sold price of $615,825
■Northpark Irvine – 8 homes sold – average sold price of $942,050
■Northwood Irvine – 45 homes sold – average sold price of $754,731
■Oak Creek Irvine – 5 homes sold – average sold price of $641,500
■Portola Springs Irvine – 7 homes sold – average sold price of $755,826
■Quail Hill Irvine – 8 homes sold – average sold price of $780,846
■Shady Canyon Irvine – 2 homes sold – average sold price of $5,065,000
■Stonegate Irvine – 13 homes sold – average sold price of $704,219
■Turtle Ridge Irvine – 11 homes sold – average sold price of $1,490,727
■Turtle Rock Irvine – 10 homes sold – average sold price of $1,370,830
■University Park Irvine – 4 homes sold – average sold price of $917,250
■Westpark Irvine – 17 homes sold – average sold price of $631,135
■Woodbridge Irvine – 25 homes sold – average sold price of $637,252
■Woodbury Irvine – 17 homes sold – average sold price of $787,109
■Irvine CA all village areas – 237 homes sold during June 2014 – with average sold price of $808,452

OLYMPUS DIGITAL CAMERAIrvine CA real estate market now has a wider spread between average list price ($1,111,250) and average sold price ($808,452 during June 2014).

Irvine home selling is more balanced these days with sellers facing competition from other sellers.

Successful sellers will adjust to this market and consider carefully what buyers are looking for in the home, the neighborhood and fair market value.

By Harrison K. Long. Source of information is CRMLS multiple listing service and ReportsOnHousing, and OCRegister.com and is for homes sold by all agents and brokers.

Professional REALTOR® agent representation and help for property owners, home sellers, 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. Connect with us with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Find out here what your Irvine CA home is worth

Posted in Irvine CA, Irvine home selling, Irvine home selling prices, Irvine home values, Irvine housing market update, Irvine listings, Irvine real estate | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment