Sunday, August 19, 2012

All-Cash Home Buying is Up at Irvine CA Real Estate

House on all cash

Irvine CA real estate has experienced an increase in all-cash buyer deals.   During the first six months of 2012, one-third of Irvine homes sold were for all-cash.

More than 1,158 Irvine homes were sold during that time - with average sold price of $645,303 - at least one-third of those were sold for all cash.

That's an increase in Irvine cash buying as compared with prior years - 20 percent at Irvine in 2009, 26 percent in 2010 and 30 percent in 2011. Cash buyers for homes

This increase of Irvine all-cash buying could be because of: (a) foreign cash investors, (b) challenges for buyers to get loans, and/or (c) investors believe prices are at or near the trench.

31 Irvine properties have sold for over a million dollars in cash deals during that time. The highest priced cash sale so far this year was at 44 Blue Heron, Shady Canyon, which closed for $12.8 million - which also is the highest price home sold at Irvine so far this year.

Irvine CA real estate

Contact us here if you want more information about selling and buying of properties at Irvine CA real estate.

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Source of some information is OCRegister.com and CRMLS.

Contact us about listing and sale at Irvine and Orange County CA homes and real estate. ~ Professional REALTOR® broker representation and help for property owners, trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, estate 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

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