Irvine CA is the economy driver at Orange County – has a population of about 230,000 people and is still growing.
Irvine homeowners and sellers have high expectations and confidence of the buyers.
530 Irvine homes are now listed for sale – with average list price of $1,131,333.
That’s a 9.2 percent drop in number of Irvine listings since November 1 (three weeks ago) when 584 Irvine homes were listed for sale.
It’s also a 28.3 percent drop in number of homes listed for sale since September 1 – when 740 Irvine homes were listed for sale.
121 Irvine sellers got buyers for homes under contract and went into escrow during the first 21 days of November – and average list price for those homes was $827,472.
The average list price of an Irvine home going into escrow is about 25 percent lower than average for sale listing price of all Irvine homes.
210 Irvine homes sold with closed deals during October 2014 – with average sold price at $902,560 – and average time on market for those homes was 72 days.
Irvine CA average home selling market time is now about 2.5 months – that time it would theoretically take to sell all homes on the market at current pace of sales.
Irvine home sellers who are serious are looking carefully at “fair market value” – the amount that other homes in the neighborhoods have actually sold for.
Irvine home selling markets are more balanced now as compared with last year November 2013 – with little or no advantage to either buyers or sellers. Buyers have improved negotiating power and choices.
More homes are sold and money spent to buy Irvine real estate as compared with any other city in the OC.
People are especially attracted to Irvine, because of its positive economy and jobs, famous and award-winning schools, that it is one of the safest cities in America, and some of the best weather anywhere.
See Irvine CA homes now listed for sale – click here
See Irvine single level homes now listed for sale – click here
See Woodbridge Irvine homes now listed for sale – click here.
See Quail Hill Irvine homes now listed for sale – click here.
See Northwood Irvine homes now listed for sale – click here.
See Turtle Rock Irvine homes now listed for sale – click here.
See Turtle Ridge homes now listed for sale – click here.
by Harrison K. Long. Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.
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Contact us at 949-854-7747 with your questions about home prices and values at Irvine and other Orange County CA cities and areas and about Irvine Home Selling and Real Estate market update.