Irvine CA Real Estate Stays Hot With Buyer Competition

 

Irvine CA home sellers are experiencing solid competition between buyers.  This leads to more homes being sold quickly, fewer homes listed for sale and markets crowded with buyers - which favors sellers. 

Irvine CA is especially crushed with qualified and motivated home and property buyers.  

With about 214,000 residents, Irvine has 190,000 jobs - more number of jobs than number of residents over the age of 18.  Irvine has more jobs as compared with number of residents than any other city of its size in California. 

While Irvine is selling average of 186 homes per month this year 2012, it now has only 219 homes listed for sale - not enough to keep up with buyers - and average market time to theoretically sell all homes at that rate is hot at about 1.2 months. 

 

Average selling price of an Irvine home has been about $667,000 this year.  But very few properties remain on the market in this range of price - and average list price pushed up to twice that of the average sold price.     

This Irvine CA real estate market is hot with buyers and needs help from hesitating home sellers and more listings.  

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Orange County CA real estate deals and solutions - Harrison K. Long - REALTOR® and broker associate, GRI - Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs® 

Source of some information is CRMLS.    

 

Contact us here about listing and sale of your Irvine or 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

Supplemental Property Tax Bills at Orange County, California

The first year of owning a home in California can be confusing because of county government cycle for assessing property values and sending out tax bills.

The tax assessors office for each county sends out property tax bills every year in September, which are based on the property's assessed value on January 1st of that year.

A SUPPLEMENTAL PROPERTY TAX BILL at Orange County CA is sent out separately, covering the difference between the previous owner's property value and your purchase price.

The tax bill is based on the county fiscal year from July 1 to June 30. Depending on when you bought your property, or completed your new construction on a new home, you may get one or two supplemental tax bills.

First Example

If you bought your house on August 31 of 2008 for $500,000 and the house previously was valued at $200,000. The tax bill that the assessors office sent in September of 2008 was based on the previous owner's $200,000 value as of January 2008, and was for the fiscal year that ends June 30, 2009. The seller should have paid part of that tax (from July 1 to Aug. 31 2008) when escrow closed.

A supplemental bill, usually sent three to six months after the purchase (depending on when the assessor's office forwards the necessary data), will cover the additional $300,000 in value for the current fiscal year.

Second example

If, however, you bought the house between Jan. 1 and May 31, 2008, your tax bill would straddle two fiscal years. Hence, if you bought on March 31, 2008, then you would receive one supplemental tax bill for the difference in value for the April 1, to June 30, 2008, period. You would also receive a second bill for July 1, 2008 to June 30, 2009.

Home buyers in California should contact their local county assessor and tax collector office for more information about "supplemental property tax bills".

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

Source of some information is Orange County CA office of Tax Assessor.

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. 

Posted via email from Explore OC Homes

Newport Heights Update at Newport Beach CA Real Estate

NEWPORT HEIGHTS is one of the most sought-after areas by those who like the water views and harbor at Newport Beach CA.

Some Newport Heights residents have panoramic views and will gaze over Newport Harbor and its annual Christmas boat parade from their homes and patios.

Newport Heights is located south of 16th Street, east of Newport Blvd, west of Dover and inland north of Pacific Coast Highway.

15 single family homes are now listed for sale at Newport Heights ~ Live at Newport Beach ~ with average asking prices at $2,527,713.

Kings Road at Newport Heights - $2,799,000 - Newport Beach - 6 bedrooms and 5 baths, 4200 sf interior - active listed for sale - MLS# L38635

Newport Heights home - premium lot with breathtaking Newport harbor views - $5,295,000 - 5 bedrooms and 4 baths - MLS# U12003501

8 Newport Heights homes are now under purchase contract in pending status.  50 detached single family Newport Heights homes sold with closed escrows so far this year since January 1, 2012 - with average sold price of $1,546,913.

See all NEWPORT HEIGHTS single family homes now listed for sale - click here.

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Source of some information is IDX link and CRMLS.

Contact us here about listing and sale of your Newport Heights or 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 Newport Beach and Orange County, CA.

Posted via email from Explore OC Homes