Vigorous Housing Market and Buyer Activity at Irvine, CA

The Irvine, CA, housing market continues forward with vigorous buyer activity.  For the month ending March 15, 2010  ...

• All 8 of the Irvine zip code areas had home sales gains over last year.
• Zip area 92612 at University Park had more than 100% sales gains over last year.
• 206 Irvine homes were sold during this time, which is up from last year.
• 18 of those Irvine sold homes were REO lender owned.
• 42 of those Irvine sold homes were short sales (20.3% of the sold market).
• Average sold price of Irvine homes was $640,043.

During this time all OC homes had $425k median sold price and unit sales gains of 4.2% over same time last year.

 

Information source - Southern California Multiple Listing Service.

 

________________

Harrison K. Long, Realtor & broker, Explore Group, Coldwell Banker Previews, Irvine, CA.  CA DRE #01410855.  ExploreProperties@gmail.com.  Lawyer - California State Bar Association member #69137.  National Association of Realtors, California Association of Realtors, and Orange County Association of Realtors.  Current Chairperson of Local Government Relations south committee at OCAR.org.  Newport Beach and Irvine area Realtor, broker agent and property information source. 

The Irvine housing market continues to lead Orange County with solid gains over the same time last year.  Be careful and always hire an experienced local REALTOR to help you with the sale or purchase of a home. 

Posted via email from Explore OC Homes