Now is a Great Time for Orange County CA Home Buying

Orange County CA now has more than 8,000 homes listed for sale, which is up about 35 percent from one year ago.

Home-Buying-Tips-Template-252Home price appreciation has halted for now. Buyers have lots of choices these days and room for positive negotiation in many situations.

So why are some Orange County CA home buyers waiting? They seem to be nervous and on the sidelines for what they believe will be a real buyers market where they will get the best deals.

Buyers shouldn’t wait. Purchase money mortgage loan rates are still low and hover around 4.1% for a 30-year fixed rate for those who qualify.

Number of homes for sale listings is way up from last year and first part of this year, and buyers have much better choices now.

However, with an expected market time to sell all homes now on the market is just over 3 months, the current Orange County home selling market still favors the sellers and is not yet close to a buyer’s favored market.

Buyers are wishfully thinking and not using facts and real housing data while they wait to buy.

2014 is very different from last year 2013 when Orange County CA was a sizzling seller’s favored market – with homes flying off the market at almost any price.

Just because prices have gone way up does not mean that the market has shifted to a buyer’s market.

Orange County home selling markets are moving more towards a normal, balanced market where neither buyers nor sellers will be able to call the shots.

Today, it’s still a seller’s favored market with very little price appreciation. That means that homes will sell close to the most recent comparable closed sales and sellers will be able to control the terms.

Buyers need to look at the facts about the market and not wait!

 

Coldwell Banker residential brokerage

By Harrison K. Long. Source of some information is Steven Thomas and his ReportsOnHousing.com.

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.

Contact us at 949-854-7747 with your questions about Orange County CA home buying, prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

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Irvine CA home selling and real estate market update for August 16, 2014

Irvine CA home selling and real estate market update for August 16, 2014 shows 757 Irvine homes now listed for sale on the MLS.

Average asking price for Irvine homes now is $1,108,451.

193 Irvine sellers got buyers for homes under contract and went into escrow during the past 30 days.

231 Irvine homes sold with closed deals during the past 30 days. Average sold price was $783,327 – and average time on market for those was 66 days.

Average time it would theoretically take to sell all homes now listed for sale at current pace of home selling is 3.27 months.

This average time to sell Irvine homes has increased especially during the past 90 days.

Irvine home sales remain solid, and qualified buyers are still motivated. This Irvine market still favors sellers – but that’s more balanced recently with increased number of listings and sales moderating. So buyers having more power and better choices.

We here to help you evaluate the market in your area and price your home to sell.

Coldwell Banker residential brokerage

By Harrison K. Long. Source of some information is CRMLS multiple listing service and is for homes sold by all brokers and agents.

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.

Contact us at 949-854-7747 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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Irvine CA Home Selling 2014 Midyear Update

OLYMPUS DIGITAL CAMERAIrvine CA home selling 2014 midyear update shows shift toward balance and not favoring sellers as much as the market did last year.

Irvine home selling prices are determined with focus on recent comparable sales and fair market value.Irvine CA Midyear real estate update-b-

783 Irvine homes are listed for sale as of today (July 19, 2014) – an astounding number jump up of 108 percent since start of this year when 375 homes were listed.

Home selling at Irvine CA remains strong with prices up – while buyers now have more choices. Homes for sale are staying on the market about the same on average these days as compared with the first of the year (when average market time was 3.8 months).

5 Shade Tree, sold, 6-30-2014

Midyear Irvine average home sold prices at the following communities during June 2014 can serve as a guide for fair market value:

?Airport Area Irvine – 17 homes sold – average sold price of $581,815

?El Camino Real Irvine – 8 homes sold – average sold price of $615,825
?Northpark Irvine – 8 homes sold – average sold price of $942,050
?Northwood Irvine – 45 homes sold – average sold price of $754,731
?Oak Creek Irvine – 5 homes sold – average sold price of $641,500
?Portola Springs Irvine – 7 homes sold – average sold price of $755,826
?Quail Hill Irvine – 8 homes sold – average sold price of $780,846
?Shady Canyon Irvine – 2 homes sold – average sold price of $5,065,000
?Stonegate Irvine – 13 homes sold – average sold price of $704,219
?Turtle Ridge Irvine – 11 homes sold – average sold price of $1,490,727
?Turtle Rock Irvine – 10 homes sold – average sold price of $1,370,830
?University Park Irvine – 4 homes sold – average sold price of $917,250
?Westpark Irvine – 17 homes sold – average sold price of $631,135
?Woodbridge Irvine – 25 homes sold – average sold price of $637,252
?Woodbury Irvine – 17 homes sold – average sold price of $787,109
?Irvine CA all village areas – 237 homes sold during June 2014 – with average sold price of $808,452

OLYMPUS DIGITAL CAMERAIrvine CA real estate market now has a wider spread between average list price ($1,111,250) and average sold price ($808,452 during June 2014).

Irvine home selling is more balanced these days with sellers facing competition from other sellers.

Successful sellers will adjust to this market and consider carefully what buyers are looking for in the home, the neighborhood and fair market value.

By Harrison K. Long. Source of information is CRMLS multiple listing service and ReportsOnHousing, and OCRegister.com and is for homes sold by all agents and brokers.

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.

Find out here what your Irvine CA home is worth

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Happy 4th of July – from 3163 Watermarke Place, Irvine, CA

Happy 4th of July – from 3163 Watermarke Place, Irvine, CA

happy 4th of July-d-Happy 4th of July – your U.S. Independence day celebrations 2014 …

 

 

 

watermarke homes, 2013-K-… from 3163 Watermarke Place, Irvine, CA.

 

 

 

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Beautiful, upgraded Watermarke home with premium lot location on the peaceful Meditation Garden!

 

 

 

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Best location and view Carlton Arms model on the market.

 

 

 

 

 

 

11 copy_10569086235_lWell designed floor plan with open-concept kitchen, dining and living area.

 

 

 

 

17 copy_10569344113_lNatural light, volume ceilings and wood floors throughout.

 

 

 

 

22 copy_10569326303_lIdeal first evel location makes coming and going easy, with no steps to very close private parking space in gated garage.

 

 

 

15 copy_10569146834_lGorgeous kitchen with granite counters, white cabinets to ceiling, stainless steel appliances including 5-burner gas range, and built-in desk & cabinets.

 

 

 

18 copy_10569066995_lSpacious master bedroom has views of tranquil garden, trees & fountain, plus walk-in closet, ceiling fan and new carpet.

 

 

 

19 copy_10569135284_lAdjacent bathroom with granite counters. Inside laundry. Private patio next to Garden. Owners loved and cared for this home.

 

 

 

-Experience the Watermarke resort-style life with amenities including Clubhouse, Concierge service …

 

 

 

 

watermarke homes, 2013-Q-… sparkling pools and spas, fitness center, tennis and basketball courts …

 

 

 

watermarke homes, 2013-W-… movie theater, game room, and business center.

 

 

 

 

watermarke homes, 2013-I-Watermarke is centrally located near the Irvine business center, Irvine Spectrum, Newport Beach, Orange County airport, UC Irvine, San Joaquin Wildlife Sanctuary walking/running trails, South Coast Plaza & easy freeway access.

 

3163 Watermarke Place – Offered at $384,000 – MLS no. OC14118459

Presented by Harrison and Christi Long, Realtors and professional real estate representatives, Coldwell Banker Residential Brokerage, Irvine and Orange County CA – CAL BRE 01410855 – 949-701-2515 (cell).

happy 4th of July-f-

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Bluffs Home Remodeled at Newport Beach CA – 325 Vista Suerte

Welcome to 325 Vista Suerte - "The Bluffs" at Newport BeachLive beautifully in this stunning, extensively remodeled and renovated home in the “The Bluffs” at Newport Beach!

Single family attached home with 3 bedrooms and 2 and one-half bathrooms.

Open-concept kitchen, dining and living area.

Gorgeous custom kitchen rebuilt to the studs – white maple shaker cabinets to ceiling, granite counters, designer backsplash, stainless steel appliances including five burner cooktop and Fisher & Paykel dishwasher drawers, and over-the-stove pot filler.

Soaring ceilings and distressed maple hardwood floors.

Expansive views through French sliding doors to rear patio and lush greenbelt.

Romantic master bedroom with vaulted ceiling overlooking greenbelt.

Spectacular completely renovated ensuite master bath including Carrera marble dual vanity, spacious shower with designer tile & hardware, glass surround and dramatic volume ceiling.

Master bath suite …

Impressive secondary baths rebuilt with new vanities, granite counters, custom tile and raised volume ceilings.

New elements include dual pane windows throughout …

New raised panel wood wardrobe doors, leaded glass entry doorway sidelight, fireplace hearth, crown molding, tall baseboards, light and faucet fixtures, fresh paint, garage door & more.

Location on private community greenbelt near the swimming pool area.

325 Vista Suerte – Bluffs Park Homes at Newport Beach

325 Vista Suerte is the home you have been waiting for!

Offered at $977,500 – CRMLS #OC14121035

Home and listing presented by Harrison and Christi Long, Realtors and professional real estate representatives, Coldwell Banker Residential Brokerage, Newport Beach and Orange County CA – CAL BRE 01410855 – Contact listing agents at 949-701-2515.

Coldwell Banker residential brokerage

By Harrison K. Long – 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. Contact 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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Privacy and Security Emphasized at 3163 Watermarke Place – Irvine CA Homes

Privacy and Security Empahasized at 3163 Watermarke Place – Irvine CA homes

Premium lot location on the peaceful Meditation Garden! 3163 WatBeautiful, upgraded Watermarke home with premium lot location on the peaceful Meditation Garden!

 

 

 

3163 Watermarke Place

Relax in spacious living room opening to patio and GardenEnjoy this excellent, well-thought-out floor plan with open-concept kitchen, dining and living area.

 

 

 

 

Living room opens to dining area - high ceilings & wood floorsAbundant natural light, volume ceilings and hardwood floors throughout.

 

 

 

 

Ideal ground level location for easy coming and goingIdeal ground level location makes coming and going easy, with no steps to very close private parking space in gated garage.

 

 

 

Gorgeous kitchen with granite counters & stainless appliances inThis Carlton Arms upgraded home features a gorgeous kitchen with granite counters, white cabinets to ceiling, stainless steel appliances including 5-burner gas range, built-in desk & cabinets and crown molding.

 

Kitchen with granite counters, raised panel cabinetry to ceiling

 

Well-designed open floor plan at 3163 Watermarke, Irvine

 

 

 

 

 

 

 

Dining room opens to beautiful kitchen - perfect for entertaininWell-designed open floor plan at 3163 Watermarke, Irvine

Inside laundry room with built-in shelving is adjacent to kitcheMaster bedroom view of tranquil Garden, trees & fountain

Spacious master bedroom has views of the tranquil Garden, trees & fountain, plus walk-in closet, ceiling fan and new carpet.

 

 

Kitchen has built-in desk and extra cabinetsAdjacent bathroom with granite counters.

Inside laundry room.

Private patio next to Garden. Fun patio adjacent to trees, Garden and fresh air!

 

 

 

 

Resort-style swimming pool, fitness center and Clubhouse at WateExperience the Watermarke resort-style life with amenities that include Clubhouse, Concierge service, sparkling pools and spas, fitness center, tennis and basketball courts, movie theater, game room, and business center. Schedule a party at the Clubhouse with the Concierge

 

 

 

 

 

Lovely Garden

Love-love. Tennis anyone!

 

 

 

 

Watermarke is centrally located near the Irvine business center, Irvine Spectrum, Newport Beach, Orange County airport, UC Irvine, South Coast Plaza and easy freeway access.

 

 

 

 

 

 

 

 

Open-concept kitchen, dining and living area - high ceilings & c

3163 Watermarke PlaceHome offered at $384,000  –  CRMLS #OC14118459

Property presented and listed by Harrison K. Long and Christi Long – Realtors and professional real estate representatives – CAL BRE 01410855 – Coldwell Banker Residential Brokerage, Irvine and Orange County CA – 949-701-2515 (phone) – HKLong@cox.net

Coldwell Banker residential brokerage

By Harrison K. Long.  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. Contact 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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Turtle Rock Irvine CA Home Selling Prices and Market Update

Turtle Rock Irvine CA Home Selling Prices and Market Update

Turtle Rock at Irvine CA home selling prices are now at an all-time high.

Turtle Rock continues to be one of the most sought-after community locations for residential living and home buying in Orange County.

Turtle Rock home buyers were hot and busy last year during 2013, and home prices jumped with so few homes available for buyers.

Although home selling pace at Turtle Rock has moderated slightly this year, home selling prices are up more than 20 percent as compared with same time last year.

Turtle Rock has sold 39 homes so far this year through May 29, 2014 – with average sold price of $1,270,046.

Turtle Rock sold 44 homes last year during the same time – with average sold price of $1,054,830.

Home selling prices at Turtle Rock are still jumping even more – with 11 homes sold during the past 30 days (from April 28 to May 29, 2014) – and average home sold price of $1,441,527.

Some of the recent sales at Turtle Rock were homes with views and significant remodels, so prices were especially high.

Even though Turtle Rock Irvine home selling average prices are at an all-time high, this price average, we expect this to moderate somewhat for the remainder of 2014.

Turtle Rock Irvine now has 33 homes listed for sale (including detached single family homes and condominiums) – with average list price of $1,296,557.

Our Turtle Rock Irvine home selling prices and market update shows that we are still a sellers’ market with high home selling prices. However, buyers have more options and listings to consider than last year.

Coldwell Banker residential brokerage

By Harrison K. Long. This is information from CRMLS multiple listing service and is for homes for sale and sold 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. Contact us with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Turtle Rock Irvine CA Home Selling Prices and Market Update – May 29, 2014

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Irvine CA Home Selling and Market Value Prices Update

Irvine CA Home Selling and Market Value Prices Update

Irvine CA and Orange County home selling prices are determined with focus on comparable sales and fair market value.

615 Irvine homes are listed for sale as of today – which is a 22 percent increase since two months ago.

Irvine CA home selling remains solid. However, with more homes listed for sale now – as compared with the same time last year and 60 days ago – buyers have more choices.

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

Average home sold homes and prices at the following Irvine communities during the past sixty days – from March 14 to May 15, 2014 – can be a guide for fair market value:

  • Airport Area Irvine – 28 homes sold – average sold price of $542,763
  • El Camino Real Irvine – 21 homes sold – average sold price of $609,030
  • Northpark Irvine – 31 homes sold – average sold price of $841,852
  • Northwood Irvine – 77 homes sold – average sold price of $753,758
  • Oak Creek Irvine – 9 homes sold – average sold price of $540,110
  • Portola Springs Irvine – 26 homes sold – average sold price of $775,315
  • Quail Hill Irvine – 18 homes sold – average sold price of $674,478
  • Shady Canyon Irvine – 5 homes sold – average sold price of $5,040,000
  • Stonegate Irvine – 13 homes sold – average sold price of $844,213
  • Turtle Ridge Irvine – 14 homes sold – average sold price of $1,530,314
  • Turtle Rock Irvine – 21 homes sold – average sold price of $1,318,419
  • University Park Irvine – 15 homes sold – average sold price of $746,759
  • Westpark Irvine – 35 homes sold – average sold price of $589,750
  • Woodbridge Irvine – 56 homes sold – average sold price of $650,238
  • Woodbury Irvine – 28 homes sold – average sold price of $669,610
  • Irvine CA all village areas – 463 homes sold during the past sixty days – average sold price of $796,704

Irvine CA home selling is more balanced this year – with sellers facing competition from other sellers who are smart about value and pricing. Sellers need to look carefully at comparable sales data and determine fair market value – which is what buyers are willing to pay – with not so much focus on what sellers want to get.

Coldwell Banker residential brokerage

By Harrison K. Long. This information is 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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Turtle Rock Irvine Home Selling and Prices Update

Turtle Rock Irvine Home Selling and Prices Update
Turtle Rock and Irvine CA home sales and prices update shows solid numbers.

Irvine CA has grown to be the third largest city in Orange County by population.

It’s also the economy powerhouse and has continued to experience the most home buyer demand of any city in the county.

  • 579 Irvine homes have sold so far this year of April 18, 2014 – with average sold price of $802,366.
  • 324 Irvine homes are now under purchase contracts with buyers – reported as “backup” and “pending” on the multiple listing service.

  • 25 Turtle Rock Irvine homes have sold so far this year – from January 1 to April 18, 2014 – with average sold price of $1,164,360.
  • 32 Turtle Rock homes sold during same time last year – from January 1 to April 18, 2013 – with average sold price of $1,055,969.
  • While number of Turtle Rock homes sold this year has moderated, sold prices and values have gone up 10.3 percent so far this year 2014 (as compared with same time last year).
  • 29 Turtle Rock homes are now listed for sale – as of April 19, 2014.
  • Average Market Time to sell homes at Turtle Rock was lightening fast last year, which favored sellers big time.
  • Turtle Rock Irvine Average Market time is balancing and will now take more than 3 months to theoretically sell all homes now listed for sale.

When Irvine CA owners work with experienced Realtor agents and price their homes correctly at fair market value, they still have an advantage.

However, Turtle Rock Irvine home buyers have seen a recent increase in number of homes for sale and have a much better selection than last year during 2013.

 

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.

Turtle Rock Irvine Home Selling and Prices Update

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Irvine CA Tech Companies With Local Jobs and Positive Impact On Home Values

Irvine CA technology companies have provided many local jobs in private business, which has positive impact on home buying and real estate values.

Irvine CA is home to a number of successful tech companies – including Broadcom (with about 4,000 employees at Irvine), Toshiba America Information Ssytems, Mitsubishi, Vizio, Blizzard Entertainment, Edwards Lifesciences, CoreLogic, Verizon Wireless, Sage Software, Epicor Software, Boost Mobile, Western Digital, Realty-Trac, Kofax, Linksys, and others.

So it’s no surprise that jobs created at these companies bring well-qualified people to Irvine who want to find and buy homes.

Irvine’s Mayor Choi has said that Irvine has more than 190,000 jobs in the private and public sector.  This large number of local employees results in more people wanting to find and buy homes and positive impact on local real estate values.

  • Irvine’s technology companies are especially valuable to the local economy – with employees who are educated and motivated, who buy homes, with positive impact on Irvine home and real estate values.
  • Irvine is still recovering from the economy slump of 2009 more quickly than most other cities in Southern CA.
  • Irvine’s average home selling price ten years ago during March 2004 was $642,086 – on 268 homes sold
  • Irvine’s average home selling price during March of this year 2014 was $818,233 – on 203 homes sold.

It’s clear that Irvine CA technology companies provide many private industry jobs, which has positive impact on Irvine home selling, prices and real estate values.

Coldwell Banker residential brokerage

By Harrison K. Long.  Source of some information is CRMLS multiple listing serivce and is for homes sold 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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Irvine CA Tech Companies With Local Jobs and Positive Impact On Home Values

Posted in Economy and business, Irvine CA, Irvine home selling, Irvine home values, Irvine housing market, Irvine real estate, Irvine View Homes, Orange County real estate | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment