Irvine CA Homes Pricing and Fair Market Value

Irvine CA Homes Pricing and Fair Market Value

Irvine CA home prices are – like other areas of Orange County – determined with focus on comparable sales and fair market value.

493 Irvine homes are listed for sale as of today.

Irvine homes for sale are staying on the market longer these days on average as compared with same time last year when the market was rocket fast.

Average home sold prices at the following Irvine communities so far this year 2014 should be a guide for more information on fair market value:

Airport Area Irvine – 27 homes sold – average sold price of $542,963

El Camino Real Irvine – 21 homes sold – average sold price of $615,905

Northpark Irvine – 27 homes sold – average sold price of $900,667

Northwood Irvine – 64 homes sold – average sold price of $675,308

Oak Creek Irvine – 10 homes sold – average sold price of $746,369

Portola Springs Irvine – 27 homes sold – average sold price of $802,392

Quail Hill Irvine – 21 homes sold – average sold price of $895,452

Shady Canyon Irvine – 7 homes sold – average sold price of $4,901,453

Turtle Ridge Irvine – 20 homes sold – average sold price of $1,311,999

Turtle Rock Irvine – 20 homes sold – average sold price of $1,118,050

University Park Irvine – 13 homes sold – average sold price of $727,377

Stonegate Irvine – 14 homes sold – average sold price of $675,077

Westpark Irvine – 36 homes sold – average sold price of $636,675

Woodbridge Irvine – 59 homes sold – average sold price of $661,227

Woodbury Irvine – 28 homes sold – average sold price of $728,475

Irvine – all areas – 460 homes sold – average sold price of $809,007

Irvine CA home sellers are facing increased competition from other sellers who are smart about fair market value and pricing.

“In arriving at price, a seller needs to diligently look at the comparable sales data and carefully determine the Fair Market Value for their home. The Fair Market Value is what buyers are willing to pay for a home.”  (as opined by Steven Thomas at his “Reports on Housing” for Orange County yesterday).

Even though Irvine continues to see good home buying activity, homeowners who are serious about selling will look at comparative sold information – and what fair market value buyers are willing to pay – and not on what sellers want. 

Coldwell Banker residential brokerage

By Harrison K. Long. This is information from CRMLS multiple listing service and is for homes resold by all agents and brokers.  We provide Professional REALTOR® agent representation and help for property owners, home sellers, 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. Connect with us with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

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About Harrison K. Long

Professional real estate representative, Realtor, real estate broker associated with Evergreen Realty HomeSmart, at Orange County, California - CALBRE #01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - and people with their best decisions about homes and real estate - Orange County Association of REALTORs, member and prior service on its board of directors. California Association of Realtors, member now serving on its board of directors. National Association of Realtors, member. Also an attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515.
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