Irvine CA Real Estate Market Update – February 2012

Turtle Rock at Irvine

Irvine is the economy powerhouse at Orange County CA – has more jobs for employees than any other city of it size (with more than 200,000 people) in Southern California – and sells more real estate than other areas at Orange County. Irvine CA real estate

Irvine has 572 homes now listed for resale with average listing price of $953,253.

  • 121 of those listed are short sales, and 31 of those listed are REOs.  So 26.5 percent of current Irvine for sale listings are distressed properties.

Realtors and brokers resold 2,201 Irvine homes last year during 2011 – 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).

132 Irvine homes were resold last month during January 2012 – with average sold price of $622,470.

Market time

Since there are 572 Irvine homes now listed for resale and 132 sold during January, it would theoretically take 2.3 months to sell all homes now listed at this rate.  Balanced would be about 4.5 month, so this Irvine market favors the sellers.

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

Northpark at Irvine homes now listed – click here.

Quail Hill at Irvine homes now listed – click here.

Portola Springs at Irvine homes now listed – click here.

 Shady Canyon at Irvine homes now listed – click here.

Westpark at Irvine homes now listed – click here

Woodbridge 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

Woodbury at Irvine homes now listed – click here.

Irvine airport area homes now listed – click here.

Irvine drives OC economy

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Source of some information is CRMLS, does not include FSBOs, trustee auctions sales or new homes, and does include those 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 and broker representation ~ 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

Professional real estate representative, Realtor, GRI. Real estate broker associate, HomeSmart Evergreen Realty, Orange County, California - CALBRE #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 - Orange County REALTORs, member and prior service on its board of directors. California Association of Realtors, member and now serving on its board of directors. National Association of Realtors member. Also an attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515.
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