Monday Market Update for the week of 3-14-2011 – Irvine Real Estate – Irvine Homes for Sale – How’s the Market?

by Robert Mack on March 15, 2011

in Buyers, How's The Market, Sellers

Curious about the 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 Monday – right here!  Scroll down to view written statistics…

 

Total Number of Homes available in Irvine Orange County – 778

          Ranging from: studio unit priced at $129,900 up to 9 bed/11 bath home priced at $18,950,000

Total Number of attached units available – 423

          Ranging from: studio unit priced at $129,900 up to 4 bed/5 bath home, 3,250 s/f priced at $2,195,000

Total Number of detached homes available – 350

          Ranging from: 2 bed/2 bath home, 955 s/f priced at $349,000 up to 9 bed/11 bath, 15002 s/f priced at $18,950,000

Total Number of available short sales in Irvine – 182 homes | 23% of market share

Total Number of Standard re-sales in Irvine – 499 homes | 64.1% of market share

Total Number of REO/bank owned foreclosures in Irvine – 48 homes | 6.1% of market share

          Ranging from: studio unit priced at $129,900 up to 5 bed/5 bath, 3,739 s/f priced at $1,849,000

New Listings in Irvine – listed in the last 7 days – 72 New Listings

Total Number of Homes taken off the Market (did not sell) – 25 Homes

          15 Cancelled Listings

          4 Withdrawn Listings

          6 Expired Listings

Total Number of Pending/Backup Offer Homes – 427 Homes

          252 Backup offer status

          175 Pending in Escrow

Total Number of Homes sold and closed escrow – from 3/7/2011 – 3/13/2011 – 29 Homes

          Average Days on the Market – 88

Average sold price vs current list price – 97%

Average sold price vs original list price – 90%

Average sold price per square foot – $306.70

To request more fine tuned statistical information for specific communities in Irvine or types of Homes, please email and provide search criteria.  Results will be sent within 24-48 hours.

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

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