Irvine CA Home Selling and Real Estate Trends

Woodbury Irvine

Irvine CA real estate has lack of sufficient inventory of homes for sale during this time to satisfy buyer demand.

Irvine has 190 homes listed for sale on the MLS – as of today March 14, 2013.

238 Irvine homes went into “backup” or “pending” status during the past 30 days.

Larger number of Irvine homes are being sold now on a monthly basis than the number the market has for sale.

87 of those listed are detached single family residential properties, and 103 of the Irvine homes listed are condo properties.

Irvine real estate market update

Buyers continue to move forward, and 419 Irvine homes have sold with closed escrows so far this year 2013.

This number of sold Irvine homes is modest during this time only because of extremely low number of homes listed for sale.

Irvine average market time is unbelievably fast, and it would take less than 30 days to theoretically sell all homes now listed on the market. This compares with 3.4 months average Irvine market time 3 years ago.

Irvine CA home owners who want or need to sell should get organized, have their properties cleaned and staged, and hire an experienced REALTOR to put the home on the market now and as soon as possible.

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Source of some information is CRMLS.

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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