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Irvine's Home Sales Continue on the Upswing

Irvine, California, home resales have continued to be on the upswing.

We see lots of buyers and investors getting involved. Homes at under $500k are in special demand, get multiple offers, and are on the market a very short time.

There are now only 558 Irvine homes listed at MLS on the market.

135 Irvine homes are short listings, which are mostly not good situations for buyers.

15 Irvine homes are bank owned REO after foreclosure.

187 Irvine homes have sold during the past 30 days ending September 13, 2009. Average sold price for those 187 homes was $671,743.

We expect the positive Irvine sales trend to continue.

See article ~ Irvine Homes Sales Continue Slow Steady Rise - Erica Chavez, Orange County Register, September 14, 2009.

Irvine is a great place to buy a home and live. Expect that Irvine home resales will continue to improve and that buyers and investors will stay focused and involved.

________________

Contact us if you want information about Irvine and Orange County homes and real estate. Thanks. Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA.

Posted by Harrison K. Long, REALTOR, Broker, expert negotiator on 09/14/2009 11:01 AM

Comments (2)

Home Buying in Irvine in the ActiveRain Channel

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2 Comments on Irvine's Home Sales Continue on the Upswing

SEP

Harrison, this seems like you are heading in the right direction. Interestingly we have simmilar situations, the under$500k is a smoking market. To a strong end of the year finish

Endre ... Thanks for your comment, and it looks like Irvine and Beverly Hills have similar comps in terms of hot homebuyer markets at under $500k. Keep up the good work.

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