South Irvine Real Estate Market - View South Irvine Real Estate Market Trends in California

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in South Irvine. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Harry@949-290-5004 or Susan@949-322-3201
Average Home Price	$1,200,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	60-90 days

Best Selling Price Range	$450,000 - $499,000

Worst Selling Price Range	$950,000 - $999,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in South Irvine is	Decreasing

Seller Activity for the past 90 days in South Irvine is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	With distressed sales dominating the market in many areas of California and the nation, when any of these type of pre-foreclosure and foreclosure properties hit the market in the South Irvine area, there is a rush of buyers making offers at or above the price at which these properties are listed.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	20-25%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Financing is still available for all price ranges. Rates are at an all time low. Please call Mark Gallagher at Park Place Funding directly for a FREE rate quote. Mark has the lowest rates and fees guaranteed! Call Today at 949-244-4333.

Housing Inventory	Good supply - Some Prices

Inventory Comments	With exclusive high-end communities of Shady Canyon, Turtle Rock and Turtle Ridge, South Irvine offers the best value and highest probability of appreciation of any area of South Orange County and even Southern California as a whole.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices combined with a great selection of homes AND the lowest interest rates in history... makes it a perfect time to buy in South Irvine!

Nearest Metro Area	SOUTH COAST METRO

Housing Hot Spots	ALL areas within the South Orange County area are considered ’Housing Hotspots’!

Average Sold Price	$1,200,000 - View Graph Trend

South Irvine Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

Click here for full article...

Contact Information