It’s no wonder that …
Irvine has been a huge favorite by residents and home buyers who are especially attracted to the city, because of its positive local economy, with more than 100 companies with U.S. headquarters, good jobs, famous and award-winning schools, and that it is one of the safest cities in America.
What’s more is that Irvine has some of the best weather anywhere.
More homes are sold and money spent to buy Irvine real estate as compared with any other city in the OC.
720 Irvine homes are listed for sale as of the start of Fall Season – September 22, 2014.
$1,094,450 is average list price at Irvine homes for sale – with average time on market for those now listed is 86 days.
166 Irvine sellers got buyers for homes under contract and went into escrow during the past 30 days – and average list price for those homes was $897,299.
Average list price of an Irvine home going into escrow ($890,127) is almost twenty percent lower than average for sale listing price of all Irvine homes.
Some Irvine home owners who listed their homes were unrealistic about price and need to look more carefully at fair market value – what other homes in the neighborhoods have actually sold for.
204 Irvine homes sold with closed deals during the past 30 days – Average sold price for those sold homes was $814,248 – and average time on market was 62 days.
Average time it would theoretically take to sell all homes now listed for sale (720) at current pace of home selling (201 per month) is about 3.6 months. This average time to sell Irvine homes has increased this year and especially during the past 90 days.
Irvine home selling market still favors sellers. But this is recently trending toward balance with increased number of listings and sales moderating. Buyers have more negotiating power and better choices now as compared with earlier this year and during 2013 – while sellers are in control of the prices.
We here to help you evaluate the market in your area and price your home to sell.
By Harrison K. Long. Professional REALTOR® agent representation and help for property owners, home sellers, 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.
Source of this information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents. Contact us at 949-854-7747 with your questions about home prices and values at Irvine and other Orange County CA cities and areas.
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