When the supply of homes is low and the demand to buy homes is high, the expected market time falls. That is exactly what is occurring right now. This week escrow closed on my 119 Greenmoor listing which sold with multiple offers, after only 6 days on the market. And it sold for 10% higher than the list price! A week after it went into escrow, I listed another Greenmoor home, (in the Laurels neighborhood), and it too sold after just a few days, with multiple … (0 comments)
real estate trends: Home Sales in Irvine Expected to Increase Nicely in 2017
- 10/23/16 12:24 PM
As we make our way into the New Year, (am I the only one who feels like 2016 whizzed by?!), the National Association of Realtors, The Mortgage Bankers' Association, Freddie Mac and Fannie Mae are all projecting that home sales will increase in 2017. Here is a chart showing what each entity is projecting in sales for this year and the next. As we can see, each is projecting sizable increases in home sales next year, and I believe that Irvine home sales will see the same increases. The Irvine market is hot right now, with the seasonal low inventory. A house I … (0 comments)
In just two weeks, Orange County housing demand has increased 22% while supply has only increased 2%.
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