Irvine CA needs more homes for sale listings in this hot buyer market.
Buyer demand is very high, and Irvine needs sellers to come to the party with more supply!
Irvine has very low number of 369 homes now listed for sale (as of September 14, 2012).
Distressed inventory at Irvine makes up just 8.6% of homes now listed – with 10 REO lender owned after foreclosure and 22 short sales.
227 Irvine homes have been sold during the past 30 days – with average sold price of $702,857.
REALTORs® at Irvine see big buyer competition and multiple offers for homes.
Irvine homes for sale below $1 million are getting big time action – some with all cash investors.
Average market time for sale of Irvine homes – number of days it would theoretically take to sell all homes now on the market at current buying pace – is now less than two months – an almost lightening fast paced market.
Average list price of Irvine homes is now $1,332,938. Sellers at above $1 million need to be patient in this price range – taking longer to sell with average market time of about four months.
Irvine CA housing market needs more homes listed at under $1 million in order to keep up with hot hot buying demand.
This is for information only from CRMLS multiple listing service and is for homes sold by all brokers and agents.
Professional REALTOR® agent representationand help for property owners, 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 atOrange County, CA.