Irvine Real Estate Report December 2012

Irvine Real Estate Report

South Orange County Real Estate

Sherry Swift

Irvine Real Estate at a Glance:   Volume has been fairly consistent in Irvine with a reasonable number of transactions every month. Active inventory is a little high relative to the average number of monthly transactions for detached homes and on par with demand for attached homes heading into the holiday season making it a good time for both buyers and sellers.

South Orange County Real Estate General Economic Conditions: rates remain at historic lows increasing affordability, inventory is low throughout South Orange County Real Estate as general economic uncertainty has delayed many sellers from putting their homes on the market and volume has remained fairly consistent.

Detached Homes

Current Active Inventory 133

Current Average List Price $1,937,174

Behind the Numbers

Average volume past 3 months 83

Average sales price past 3 months  $930,299

Prices  stable with a general upswing for the year

Volume  staying fairly consistent and strong with some months spiking up higher than the average

Irvine Real Estate volumeIrvine Real Estate prices

What this means for

Buyers – buyers have a lot of options since the currently inventory is much higher than the average monthly sales volume especially in the high end of the market. 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 –  With the high amount of inventory seller’s need to be priced, prepared, and marketed correctly to get the type of attention that generates offers, especially at the top end of the market. 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 104

Current Average List Price $611,630

Behind the Numbers

Average volume past 3 months 101

Average sales price past 3 months  $486,455

Prices  on a upswing trend for the year

Volume  steady

Irvine real estate volume attachedIrvine real estate prices attached

What this means for

Buyers – attached Irvine homes for sale inventory is on par with the average monthly volume so buyers need to move quick to get one of the best properties available. 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 – The inventory is on par with the average monthly demand providing an opportunity to list your Irvine real estate and get a good price and a quick transaction. Prices have stabilized so don’t expect to get a large increase over recent sales but you can expect to sell for the same or slightly more. 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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Posted in Irvine Real Estate, OC real estate
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