Irvine Real Estate Report March 2013

Irvine Real Estate Report

Irvine Real Estate at a Glance:   There has been a steady increase in the demand for properties across the spectrum in Irvine. As the year progresses it is safe to assume this demand will continue to move upwards as will prices.

South Orange County Real Estate General Economic Conditions: everything in Orange County Real Estate right now is about low inventory and cash buyers. Hopefully inventory increases in the coming weeks to allow for more volume and meet the existing demand.

Detached Homes

Current Active Inventory 99

Behind the Numbers

Average volume past 3 months 86

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

Volume  staying fairly consistent and strong

ir det vol ir det price

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 111

Behind the Numbers

Average volume past 3 months 96

Prices  really established an upward swing over the past year which continue as this year progresses

Volume  staying strong and should increase as we hit the prime selling season

ir att volume ir att price

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.

  • Twitter
  • del.icio.us
  • Digg
  • Facebook
  • Technorati
  • Reddit
  • StumbleUpon
949hometeam

Providing the highest level of personal service in South Orange County Real Estate. Helping buyers and sellers in the 949 since 1999! Google

Posted in for buyers, for sellers, Irvine Real Estate, OC real estate
Get our Google Feed
Join us on Twitter
Find us on Google+