Irvine CA Home Selling Market Update and Real Estate

 

I like to find possible trends at Irvine CA real estate for resale of homes, closed deals and escrows, and what buyers are looking for.

From January 1, 2011, until today, August 11, 2011 - Irvine real estate professionals resold 1,759 homes - with average sold price of $644,469 - with average time on market of 93 days 

For that same time ...

• Sold Price Up to $500k - Irvine sold 775 homes - average time on market of 100 days
• Sold Price from $500k to 1 million - Irvine sold 824 homes - average time on market of 86 days
• Sold price from $1 million to $1.5 million - Irvine sold 109 homes - average time on market of 87 days
• Sold price $1.5 million and up - Irvine sold 70 homes - average time on market of 113 days

Most Irvine buyers are looking for resold homes and shortest time on market at range of $500k to $1 million - homes with average of 3.5 bedrooms and about 2,000 SF interior space. 

Some people would say that Irvine CA real estate simply has more homes for resale in this range ($500k to $1 million) than others and that this is indeed the most popular for buyers of Irvine homes.

Irvine CA real estate now has 728 homes listed for resale - with average asking price of $858,245 - Buyers have been paying an average of 24.9 percent less for purchase of Irvine homes than the current average asking prices.   

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Some information here is from CRMLS, does not include that for new homes, is for resale homes and those listed by all agents and brokers.

HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – attorney member of the California State Bar Association #69137

Please contact us about listing and sale of Irvine and Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators and executors, 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