Irvine’s Home Selling Season Kicked Into Gear After Super Bowl Sunday

Irvine CA Homes and Real Estate Market Update – February 11,  2017

Laguna Altura homes, Irvine

Irvine CA has started its prime home selling season – after unofficial kickoff during Super Bowl Sunday on Feb. 5, 2017.

Irvine now has only 398 homes listed for sale, which is not enough to satisfy buyer market demand during Feb. and March 2017.

263 Irvine homes are now active with buyer purchase contracts or pending and in escrow at this time.

48 days is average market time for Irvine to theoretically to sell all homes now on the market at this pace of home selling.

Portola Springs Irvine homes

 

 

 

 

 

  • 154 Irvine homes were sold during January 2017.
  • $897,757 was average Irvine home sold price.
  • 65 days was average time on market from list to sold of those Irvine homes.
  • 1,971 SF was average interior size of Irvine sold homes in January.
  • 162 Irvine homes sold last year during January 2016.
  • 398 Irvine homes are now actively listed for sale (which is a 3 percent decrease during the past two weeks).

Such low number of Irvine homes now for sale will be insufficient to satisfy market buyer demand during the next 60 days.  We hope to see more Irvine homes listed for sale during this time – February through March 2017.

Turtle Rock Highlands, Irvine

Irvine continues to be the economy powerhouse and top home selling city at Orange County CA.

Irvine has population of about 250,000 people – has a growing economy with more jobs than residents who are now over the age of 18.

 

Connect with us here about Irvine home selling – and to learn about what your home is worth in today’s market.

By Harrison K. Long – REALTOR® and professional real estate representative.  Real estate broker – CALBRE #01410855.  Honored as “Orange County REALTOR® of the Year 2016” by the Orange County Association of REALTORs®.  Focusing on best customer service real estate experience for our clients.

Source of information is CRMLS multiple listing service and is for homes represented by all brokers and agents.

Contact us by cell or text at 949-701-2515.  Thanks.

398 Irvine homes are now listed for sale (click here for link to MLS information).

“Irvine’s Home Selling Season Has Kicked Into Gear After Super Bowl Sunday”

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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