Saturday, November 5, 2011

Irvine CA Real Estate Owners Should Be Optimistic About Values

Woodbridge Irvine south lake 

Home owner/sellers at Irvine CA real estate should be optimistic about property values and that they can list and sell at good prices. Irvine CA real estate

Owners and sellers should have correct information about the local market, be positive about property values, and that they are in control of what they and their Realtor agents can do to market and sell the properties.  

Irvine home values

During 2006 - 2,034 Irvine homes resold for the year - average of 169 sold per month - average sold price of $789,059   

During 2007 - 1,694 Irvine homes were resold for the year - average of 141 homes sold per month - average sold price of $798,791

During 2008 - 1,680 Irvine homes resold for the year - average of 140 resold per month - average sold price of $715,503

During 2011 through October 31 - 1,715 Irvine homes sold - average of 171 homes sold each month - average sold price of $642,888

Irvine Drives OC economy 

So while the average resold home price at Irvine CA real estate was down 19.5% since the peak market year 2007, that moderation is much less than at most other Orange County and California cities. 

Irvine CA has more than 190,000 jobs for workers, continues to sell more real estate than at other Orange County cities, and 21 percent more Irvine homes are being sold this year during 2011 as compared with 2007 market peak. 

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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® – also a lawyer licensed by the California State Bar, member #69137.

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

Please contact us here about listing and sale of Irvine 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, California

Posted via email from Explore OC Homes

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