Anaheim Weekly Real Estate Trend Report Sept 24, 2007

By
Real Estate Broker/Owner with ThinkFree Realty

Market Trend Reports - ThinkFree RealtyHere is the Home Inventory for Irvine. Each week we take a snapshot of the market. This Altos Research Real-time Market Profile(TM) is the most up-to date market information available. The Profile shows you not only pricing and market numbers, but also trends in those numbers.


 

 

 

THIS WEEK
The median single family home price in IRVINE this week is $979450.

Irvine Real-Time Market Profile

Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market  climbing, these are relatively negative implications for the market.

PRICE
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Irvine Median Price

SUPPLY AND DEMAND
Local conditions are currently quite strongly in the Buyer's Market zone (below 30). The 90-day Market Action Index stands at 18. With several months of inventory available at the current sales rate, buyers should find ample choice.

Irvine Market Action Index

QUARTILES
Investigate the market in quartiles-where each quartile is 25% of the homes

Irvine Characteristics per Quartile

Quartile 1 is Most expensive 25% of homes

Quartile 2 is Upper-middle 25% of homes

Quartile 3 is Lower-middle 25% of homes

Quartile 4 is Least expensive 25% of homes

Bob Coan -ThinkFree Realty

Here are some FREE Real Estate Tools for Irvine Home Buyers and Sellers

1) Request a Free 12 Page Market Trends Report for Irvine

2) Homes for sale in Irvine

3) Find Out How Much Your Home is Worth

4) Search for Neighborhoods similar to Irvine

5) Request a Home Tour in Irvine

6) Search Local MLS, market data, featured listings in Irvine

7) Relocation resources

8) First time buyer resources

 

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