Irvine CA real estate has experienced an increase in all-cash buyer deals. During the first six months of 2012, one-third of Irvine homes sold were for all-cash.
More than 1,158 Irvine homes were sold during that time – with average sold price of $645,303 – at least one-third of those were sold for all cash.
That’s an increase in Irvine cash buying as compared with prior years – 20 percent at Irvine in 2009, 26 percent in 2010 and 30 percent in 2011.
This increase of Irvine all-cash buying could be because of: (a) foreign cash investors, (b) challenges for buyers to get loans, and/or (c) investors believe prices are at or near the trench.
31 Irvine properties have sold for over a million dollars in cash deals during that time. The highest priced cash sale so far this year was at 44 Blue Heron, Shady Canyon, which closed for $12.8 million – which also is the highest price home sold at Irvine so far this year.
Source of some information is OCRegister.com and CRMLS.
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