Irvine Real Estate Report April 2013

Irvine Real Estate Report

Irvine Real Estate at a Glance:  the upward trends in price and volume continue in Irvine. Expect demand to remain high as the prime summer selling season gets underway.

South Orange County Real Estate General Economic Conditions: the no inventory drum continues though there has been an increase in listings in some areas. As the summer months get closer expect more and more homes to hit the market

Detached Homes

Current Active Inventory 98

Behind the Numbers

Average volume past 3 months 95

Prices  on a rolling upward tend over the past year which should continue for the foreseeable future

Volume  staying fairly consistent and strong

irvine detached price irvine detached volume

What this means for

Buyers – the lower your purchase price the greater the demand so be prepared to move quick and deal with multiple offers if your looking at homes in the lower price points. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market and find the best home for you.

Sellers –  There is an increasing demand for you home making now a great time to be a seller. If a home is priced right and marketed correctly you should expect multiple offers in a short period of time. Now is the ideal time to be a move up buyer since demand increases as you go lower in price and rates are still extremely low. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

 

Attached Homes

Current Active Inventory 98

Behind the Numbers

Average volume past 3 months 93

Prices  the upwards swing continues and prices should keep trending upwards as summer approaches

Volume  strong with a nice uptick last month, expect volume to remain strong for some time to come

irvine attached price irvine attached volume

What this means for

Buyers – move quick to make sure you are seeing what is out there, be prepared for multiple offer situations and be open to different options. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market that fits your criteria as soon as it hits the market.

Sellers – Demand is much higher than supply making it fertile ground to sell. Move up buyers can capitalize on the higher demand for lower priced homes as well as low rates. Remember a move in rates will cost you hundreds a month so waiting may not be the best thing to do. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

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