Irvine, California, homes and real estate market update. __________________________________________
As of September 21, 2009, there were 531 active homes listed for sale.
There were 458 pending sales listed at SOCAL MLS.
That's a huge number of pendings, which again are close to number of active for sale.
30 Irvine homes were sold during the past thirty days.
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Of the 531 Irvine homes for sale ....
... 389 were regular equity sale listings
(this is too low for our market).
126 of those for sale were short listings (this is too high).
16 of those listed for ale were bank owned REOs.
Irvine Homes with asking under $500k remain very hot, and market time is close to one month. Homes below about $700k at Irvine were in a seller's market, and expected market time is about two months or less. Sellers at $700k and under are getting multiple offers on nice homes, and buyers have had lots of competition from each other and investors.
That's your Irvine, California, homes and real estate market update, September 21, 2009.
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Please contact us if you have questions about Irvine and Orange County homes and real estate. Thanks. Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA.
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Harrison,
It's good to see numbers like this - especially the big piece of your pie out there in equity sales.