April 2010 Sales Activity for Irvine, Orange County is up Year-to-Year!

by Robert Mack on May 7, 2010

in Irvine Real Estate

Sales in Irvine, Orange County continue to SOAR compared to previous years.  If you have been following my blog posts, this goes right in line with the Sales Statistics for the 1st Qtr Irvine Sales statistics for 2010!  In April 2009 a total of 137 Homes sold. 25 of those were short sales with an average days on the market(DOM) of 127 days, 94 were standard sales with an average DOM of 76, and 19 of the sales were Bank Owned Foreclosures/REO’s with an average DOM of 50 days.Irvine Home Sales up - April 2010

In April of 2010, sales activity increased by 37% compared to last year! This past month a total of 188 homes sold in Irvine, Orange County!  41 of those were short sales which had an average DOM of 128 which was very comparable to last year.  136 were standard sales with an average DOM of 67 days which was 9 days less than last year, and 12 of the home sales were Bank Owned Foreclosures/REO’s with an average DOM of 42 days which is 8 days less than last year.  In addition, the total number of Bank Owned Homes that sold this month was down 37% compared to last year.

The huge increase in sales may be due to the home prices being so affordable now, or it may be bacause interest rates are so low ranging in the high 4’s and low 5’s, or it may be because the $8,000 first time home buyer tax credit expired on 4/30/2010.  Whatever the reason may be, the bottom line is that more homes are selling in Irvine at higher prices in a shorter period of time. 

To search all Orange County homes go to http://www.IrvineRealEstateLink.com.  Also, to learn what your home would sell for in todays market go to http://www.IrvinePropertyValues.com Today!

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