Irvine,Orange County Real Estate Market News

If I offer list price on an IRVINE home, will my offer get accepted?

August 6, 2009

You would think that if you made a full price offer your offer would be accepted, however this is not always the case. With the number of closed and pending sales up for the 5th month in a row and the fact that the number of new listings is dropping, all of this is creating [...]

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Irvine home sellers are more motivated to sell than ever!

July 6, 2009

Are Irvine home sellers getting more realistic? Statistics show that over the past few months the number of homes that didn’t sell during the initial listing period is down by half!
When a home is first listed, it will be listed by an agent for a certain time period. Anywhere from 3 months to a year [...]

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What are the different zip codes for each area in Irvine, Orange County?

June 11, 2009

Client Question –
I have a quick question since I don’t live in Irvine. What are the zip codes of addresses near that area of airport…? I know scholarship is 92612 but the neighboring places next to it, I don’t know.. Do you have any information, what are the zip codes in each area so I can familiarize [...]

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Are home prices in Irvine going UP again?

June 9, 2009

Client Question -
Hi Robert,
Thanks for the follow up. We noticed the price of new listing properties in Irvine are getting higher; we probably will wait a little longer.
What is your opinion of current real estate market? Do you think it is the bottom or just because of the summer season?
I remember you mentioned about “not paying any loan closing costs on [...]

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Are there any homes available in Irvine under $300,000?

June 5, 2009

Home prices in Irvine, Orange County are becoming more and more affordable! In January of 2009, a total of 5 homes sold under $300,000. In that same month the most affordable home that sold was a 1 bed/ 1 bath home for $245,000.
Just 4 months later, the number of homes sold under $300,000 has almost [...]

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I’m looking for a real estate agent in South Orange County!

June 3, 2009

Client Question –
Hello,
I’m looking for a real estate agent in South Orange County. I have been researching real estate websites and I have some examples of condos I like. I have recently been pre-approved for a loan at Wells Fargo. I would really like to get a place this year.
What I am looking for:
At least [...]

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Nearly 55% of all homes sold in Irvine are below $600,000!

May 20, 2009

At what price are homes in Irvine selling the fastest? Obviously the lower priced homes are the most affordable to not only the first time home buyer, but also the investor who is looking to take advantage of the great low prices and add to his/her real estate portfolio. In Irvine, Orange County, for the [...]

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Sales are up in Irvine by almost double!!

May 19, 2009

Summer is right around the corner and sales are definitely picking up. The number of homes that sold in Irvine, Orange County for the month of January 2009 was 77. The number of homes that sold in the month of April 2009 was 131! That’s almost double!!
Where are these sales coming from? Well 18 of [...]

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Do West Irvine homes have Mello-Roos and high association dues?

May 10, 2009

Client Question -
Robert,
How is the market looking to you?
I am getting sick of renting. Do you know if the West Irvine homes have Mello-Roos and high association dues? I’d like to get something new so I don’t have to rebuild the thing.
Are you seeing any repos that look reasonable?
Thanks,
Mike
Response -
Hi Mike,
I am assuming that you [...]

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Irvine Real Estate link, CA – House Says NO to bailout by a 228-205 vote

September 30, 2008

Nowadays it seems everyone is talking about history—sub-prime rates. They seem to be beating a dead horse and crying over spilled milk. I understand all these sentiments, but these are not going to provide a solution to our current predicament. The situation is grave and must be dealt with rationally instead of calling each other [...]

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