Westpark Irvine Home Sellers Get Market Advantage

Irvine CA home selling is hot these days, and Westpark homes are in great buyer demand.

New for sale listing - 19 TERRAZA - Meridien home with 3 bedrooms and 2.5 baths - 2137 SF interior space - prime corner lot location - $799,000 - new active for sale listing - MLS# S715505

9 Westpark detached single family homes are now listed for sale - with average listing price of $795,777.

24 detached single family Westpark Irvine homes have sold during the past 4 months from August 1, 2012 - with average sold price of $730,387.

Irvine CA real estate market needs about 800 homes listed for sale to be balanced - Irvine today has only 276 homes listed on the MLS.

Irvine CA simply needs more homes listed in this market to keep up with buyer demand.

Average market time at Irvine for home selling is about 1.6 months - which is time it would theoretically take to sell all Irvine homes now listed at current pace of sales.

With this short market time, Irvine and Westpark home sellers get the advantage.

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Contact Jenny Tu - Realtor and co-listing agent re 19 Terraza - Coldwell Banker Residential Brokerage - at 949-903-0199 - for information or to schedule property showings.

 

 

Source of some information is CRMLS.

Contact us about listing and sale of your Irvine and Orange County CA homes and real estate.

Professional REALTOR® agent representation - help for property owners, private trust estate representatives, estate administrators, executors and heirs, 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. 

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19 Terraza - Meridien Home at Westpark Irvine

19 Terraza, Westpark Irvine

3 bedrooms, 2.5 baths, plus loft - Stunning and beautiful detached Meridien home on prime corner lot with 2,237 SF interior space - $799,000 - MLS #S715505

Fantastic and immaculate home in highly sought-after Meridien neighborhood at Westpark Irvine. Premium corner lot location and privacy. Excellent and open floor plan. Dramatic entryway opens to impressive formal living room with vaulted ceilings. Adjacent dining area w/ abundant natural lighting. Immaculate home. Expansive bright kitchen with recessed lighting and bay window toward rear patio. Over-sized sliding windows and doors open to quiet landscaped rear yard. Dual-paned vinyl windows throughout the home. Elegant master suite w/ vaulted ceiling, plantation shutters on large window, bath w/ separate tub and shower, mirrored wardrobe doors, dual vanities. Special loft area for office or entertaining. Real hardwood flooring throughout the home with some carpet. Laundry room at first level near bath and garage access. Property location near award-winning Irvine Unified School District schools - also shopping, restaurants and businesses. Fun neighborhood parks with recreational facilities, pools, spas and tennis courts. _____________________________________________________ Contact Jenny Tu - Realtor and co-listing agent, Coldwell Banker Residential Brokerage - at 949-903-0199 - for information or to schedule property showings.   Contact us about listing and sale of your Irvine and Orange County CA homes and real estate. Professional REALTOR® agent representation - help for property owners, private trust estate representatives, estate administrators, executors and heirs, 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

Home Selling Power Stays Up with Record Low Mortgage Rates

 

Home sellers are getting positive benefits from continued low mortgage lending rates.

Home sales are up, and today's lending standards are allowing for more qualified buyers.

Mortgage rates mostly hovered near their record lows this week and fueled momentum for home buying.

The 30-year fixed-rate mortgage, the most popular mortgage option among home buyers, averaged 3.37 percent this week, just above its record low of 3.36 percent, Freddie Mac reports in its weekly mortgage market survey.

However, 15-year fixed-rate mortgages, which is popular for those who refinance, dipped to a new low this week, averaging 2.66 percent.

The following are the national averages in mortgage rates for the week ending October 18, 2012, according to Freddie Mac:

• 30-year fixed-rate mortgages: averaged 3.37 percent, with an average 0.7 point, down from last week’s 3.39 percent average. A year ago, 30-year rates averaged 4.11 percent.
• 15-year fixed-rate mortgages: averaged a new record low of 2.66 percent, with an average 0.6 point, own from last week’s 2.70 percent average. A year ago, 15-year rates averaged 3.38 percent.
• 5-year adjustable-rate mortgages: averaged 2.75 percent, with an average 0.6 point, rising from last week’s 2.73 percent average. Last year at this time, 5-year ARMs averaged 3.01 percent.
• 1-year ARMs: averaged 2.60 percent, with an average 0.4 point, rising from last week’s 2.59 percent average. A year ago, 1-year ARMs averaged 2.94 percent.

 

 CLICK HERE to see home lending rates by First Capital Mortgage at ORANGE COUNTY CA REAL ESTATE.

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Source of information is National Association of REALTORs®. 

 

Contact us here about listing and sale of your Orange County CA homes and real estate.

Professional REALTOR® agent representation - help for property owners, private trust estate representatives, estate administrators, executors and heirs, 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.

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Irvine CA Real Estate Markets Crushed With Buyers

 

The Irvine CA real residential real estate market is crushed with hungry buyers gobbling up the current supply of homes for sale.

Irvine needs more homes for sale to satisfy the huge buyer demand.

Irvine now has a low 338 homes listed for sale (as of October 8, 2012) - a drop of 8.4 percent from last week.  

196 Irvine homes were sold during the past 30 days - with average sold price of $693,1567.  

 

 

176 of the sold Irvine homes have been under $1 million - 90 percent of the market! More for sale listings in this range are needed to keep buyers satisfied.

Irvine buyers, REALTORs®and real estate professionals, are seeing big buyer competition and multiple offers for homes and properties - some from all cash buyers.

Average market time for sale of Irvine homes - number of days it would theoretically take to sell all homes now on the market at current buying pace - is now at amazingly short and quick 1.4 months - which is more than three times faster the one year ago. 

Irvine home buyers crushing the markets are making sellers happy with improved contract price and terms.

Irvine CA real estate now needs many more for sale home listings to feed buyer demand.  More homes on this hot Irvine market would be good news for buyers and sellers. 

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Contact us here for information about pricing - listing and sale of your Irvine CA home and real estate.

 

This is for information only from CRMLS multiple listing service and is for homes sold by all brokers and agents.

 

Contact us about listing and sale of IRVINE and Orange County CA homes and real estate.

Professional REALTOR® agent representationand help for property owners, private trust estate representatives, estate administrators, executors and heirs, 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

Orange County CA Home Buyers Are Motivated and Taking Action

Orange County CA home buyers are motivated and not waiting around these days - even though pressured from competition with other buyers and fewer listed properties to choose from.

When an Orange County CA home is listed for sale and priced right, owners will get multiple offers and have lots of control. Real OC home buyers must be qualified and ready to take quick action.

Steven Thomas at ReportsOnHousing.com says that the expected market time at Orange County now is 39 days - that time it would theoretically take to sell all homes now on market at current pace of sale. (Balanced market would be about 5 months).

4,416 Orange County homes are now listed for sale - which is drop of six percent from last month. 10,353 OC homes were listed for sale last year at this time - so today's inventory is less than half what it was same time last year.

Even with limited number of homes listed for sale, buyer demand is 17% up this year - as determined by number of pending sales now vs. same time last year.

Distressed homes at Orange County (short sales and foreclosures) listings and home sale numbers have dropped - but still make up 31% of Orange County home sales - and are flying off the market.

Current home selling market information for some of Orange County's largest cities:

• Irvine CA now has just 338 homes listed for sale - down from last year - average market time of 1.4 months - which is 2.5 times faster than same time last year.
• Costa Mesa has just 70 homes now listed - down from last year - average market time of less than one month, which is almost 4 times faster than last year.
• Huntington Beach has 261 homes now listed - down from last year - with average market time of 1.24 months - which is 2.3 times faster than last year.
• Newport Beach has 310 homes now listed - down from last year - with average market time of 3.26 months, which is 2.5 times faster than last year.
• Santa Ana has 192 homes now listed - down from last year - and average market time of one month, which is 2.67 times faster than last year.
• Anaheim has 182 homes now listed - down from last year - and average market time of less than one month, which is 3.5 times faster than last year.

Orange County CA home sellers now have lots of market control. 

 

 

OC home owners now considering possible sale should contact an experienced Realtor and find out about their advantages. 

 

Contact us here about ORANGE COUNTY CA REAL ESTATE - listing and selling or buying of homes and residential properties.

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Source of some information is ReportsOnHousing.com.

Contact us about listing and sale of TURTLE ROCK IRVINE and ORANGE COUNTY CA homes and real estate.

Professional REALTOR® broker representation and help for sellers, buyers, investors, property owners, trust estate representatives, estate administrators, executors and heirs, 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