Irvine home sales in the second quarter of 2010 are up 40% compared to the first quarter!

by Robert Mack on August 11, 2010

in Featured, Sellers

First quarter sales activity for all homes in Irvine, Orange County was great and way up from last year’s activity!  From January 1st, 2010 through March 31st, 2010 a total number of 455 homes sold!  This number is way up compared to the first quarter of 2009 by over 60%!  To give you a better idea of the actual increase in sales, the number of homes that sold in the first quarter of 2009 was 284.

SOLDOn top of this huge increase, the second quarter statistics for Irvine, Orange County for 2010 were even higher!  In the second quarter of 2010, from April 1st, 2010 through June 30th, 2010 the total number of homes that sold was 637!  This is a 40% increase from the 1st quarter sales and a 20% increase from the same time period last year! 

Whether you are a statistical person or not the bottom line is that sales in Irvine, Orange County are soaring and increasing every month.  Not only month to month, but year to year!  Even though the tax credits/incentives have expired, this has had little to no effect on the home sales in this area in terms of buyers buying homes!

Even though these tax credits are no longer available, I credit the high number of home sales to greater summer inventory, the desirability of this area for buyers, and the historically low interest rates that are in the mid 4%’s!  Buyers (or at least the ones I work with) see the true value and long term savings of these low interest rates and are taking advantage of this great opportunity!

Where are you with your home search? Are you waiting for better prices, more inventory, or do you see the long term value of the low interest rates?  To read more about how interest rates affect your monthly payments in terms of price, make sure to check out may article that gives real life examples of how the interest rate you secure can determine how high or low your monthly payment really is!

As always, comments, thoughts, feedback is always greatly appreciated! For specific questions you can always email me!

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Post by Robert Mack

Robert has written 727 articles.

{ 1 comment… read it below or add one }

damien@henderson real estae August 23, 2010 at 5:13 am

Rates and prices are down in Vegas, come and check out the prices!

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