Mayor Steven Choi at City of Irvine and the Irvine Chamber of Commerce are hosting annual “Business Luncheon with the Mayor” tomorrow on Tuesday, May 21, 2013.
Dr. Choi is expected to appreciate local businesses in the city, lots of good jobs in the private sector, that Irvine has some of the best public schools in California, that The Irvine Company continues to develop its villages and build new homes, and that Irvine continues to be one of the safest cities with beautiful residential communities in America.
He will probably also like it that REALTORs® and real estate professionals continue to sell more real estate at Irvine as compared with all other cities in Orange County … and most others in Southern California.
967 Irvine homes have resold since start of this year from January 1 to May 20, 2013 – which is an increase of 18.6 percent as compared with same time last year 2012.
Irvine’s average home resold price is $762,752 (for time from January 1 to May 20, 2013).
So $737,581,184 in value of Irvine residential real estate has resold so far this year.
According to DataQuickNews service, 400 homes at Irvine were sold in one month during April this year 2013 (including new home sales and foreclosures).
Average market time for resale of homes listed at Irvine is rocket fast at 1.1 months (theoretical time it would take to sell all homes now on the market at current pace of selling), which is 39 percent faster than same time last year.
302 Irvine homes are listed for sale as of today, May 20,2013 – which is a 30 percent increase as compared with two months ago. The average for sale listing price of homes at Irvine is now $1.5 million.
Irvine continues with its booming local economy and is expected to support home and private property values for many years into the future.
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