Luxury Monday Market Update for the week of 3-28-2011 – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack on March 29, 2011

in Buyers, How's The Market, Sellers

Curious about the luxury real estate market in Irvine, Orange County?  Check out this short video and see how many homes are available for sale, how many have sold, what types of sales to expect, average sales prices, and so much more…..every other Monday – right here!  Scroll down to view written statistics for the week of 3/28/2011 for all luxury homes priced at $2 Million dollars or higher.  Expect to find most of these homes in the communities of Turtle Rock, Turtle Ridge, Shady Canyon, and some areas in Quail Hill and the Airport Area High rise communities.


Total Number of Luxury Homes available in Irvine Orange County – 37 homes priced at or above $2,000,000

–          Ranging from: 5 bed/5 bath, 3,711 s/f priced at $2,050,000 up to 5 bed/9 bath, 13,500 s/f priced at $18,950,000

Total Number of available short sales in Irvine – 2 homes | 5% of market share

Total Number of Standard re-sales in Irvine – 35 homes | 95% of market share

Total Number of REO/bank owned foreclosures in Irvine – NO FORECLOSURES AVAILABLE

New Listings in Irvine – listed in the last 7 days – 1 home – 6 bed/7 bath, 7471 s/f price at $3.5 Million

Total Number of Homes taken off the Market (did not sell) – 1 home

–          1 Cancelled Listings

–          0 Withdrawn Listings

–          0 Expired Listings

Total Number of Pending/Backup Offer Homes – 5 Homes

–          3 Backup offer status

–          2 Pending in Escrow

Total Number of Homes sold and closed escrow – from 3/14/2011 – 3/27/2011 – 3 homes sold as low as $2.175 Million up to $4.5 Million

–          Average Days on the Market – 101

Average sold price vs current list price – 93%

Average sold price vs original list price – 87%

Average sold price per square foot – $520.13

To request more fine tuned statistical information for specific communities in Irvine, types of Homes, or specific price ranges, please email and provide search criteria for analysis.  Results will be sent within 24-48 hours.  Tune in for next week Monday Market Update for Irvine!

Search for ALL Homes in the Irvine & Surrounding Areas of Orange County Today!

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