Hot Irvine CA Real Estate Market Needs More For Sale Listings

By
Real Estate Sales Representative with Coldwell Banker Previews, Irvine, South OC

Woodbridge Irvine north lake 

Irvine CA needs more homes for sale listings in this hot buyer market.

Buyer demand is very high, and Irvine needs sellers to come to the party with more supply! 

Irvine has very low number of 369 homes now listed for sale (as of September 14, 2012).

Distressed inventory at Irvine makes up just 8.6% of homes now listed  - with 10 REO lender owned after foreclosure and 22 short sales.

227 Irvine homes have been sold during the past 30 days - with average sold price of $702,857.

REALTORs® at Irvine see big buyer competition and multiple offers for homes.

Irvine homes for sale below $1 million are getting big time action - some with all cash investors.

Average market time for sale of Irvine homes - number of days it would theoretically take to sell all homes now on the market at current buying pace - is now less than two months - an almost lightening fast paced market. 

Irvine homes and real estate

Average list price of Irvine homes is now $1,332,938 - Sellers at above $1 million need to be patient with homes in this range taking longer to sell - with average market time of about four months. 

The Irvine CA housing market needs more homes listed at under $1 million in order to keep up with hot hot buying demand.

____________________________________________________________

 

Contact us here for information about pricing - listing and sale of your Irvine CA home and real estate.

 

This is for information only from CRMLS multiple listing service and is for homes sold by all brokers and agents.     

Harrison K. Long – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – an attorney member of the California State Bar Association #69137

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Contact us about listing and sale at Irvine and Orange County CA homes and real estate.

Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

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Topic:
Home Selling
Location:
California Orange County Irvine
Groups:
Southern California Real Estate Forum
Coldwell Banker Group
Orange County Coastal Real Estate
Realtors®
Orange County Real Estate
Tags:
irvine housing market update
irvine home selling
irvine home buying
irvine ca real estate

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Rainmaker
999,906
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Harrison, we them in North Orange County also..Inventory down 75% here....

Sep 15, 2012 12:01 PM #1
Rainmaker
485,662
Harrison K. Long
Coldwell Banker Previews, Irvine, South OC - Irvine, CA
business, REALTOR , GRI, Broker

Ronald ... You are right that homes for sale listing inventory is down at most parts of Orange County.  Let's keep talking with seller prospects and help satisfy their needs and concerns.

Sep 15, 2012 12:04 PM #2
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Rainmaker
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Harrison K. Long

business, REALTOR , GRI, Broker
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