Posted: 04 Feb 2013 04:00 AM PST
Inventory as of February 2nd, 2013: 223.
As Irvinites take the Christmas lights off, and drag their tree away for recycling, they couldn't help but notice that the property prices are on the rise. Now that the house was getting professionally cleaned post-holidays, many thought why not, lets test the market - if WTF listing price works, might as well make some money and trade up!
As I scanned through the twenty listed properties in North Park/ West Irvine area, I noticed a familiar address. 10 Mineral King. I had covered this blog in my previous blog "Kings of their domain". The property was listed at $699,800 then, and delisted, and now it's listed at $719,000.
Listing Price: $719,000
Monthly Mortgage: $2,563
Here is a brief sales history for 2012:
Why do these Single Family Residences sell for much lower than the trending $350/SF+ in North Park?
What are attached Single Family Residences?
For the same price, what else is on the market close-by?
12 Proclamation Way. Comparing a property from West Irvine to North Park isn't a fair comparison, but unless you are hung up on a particular builder, these do fall under the same zip code and share the same sales statistics.
Listing Price: $799,000
What would you do?
Comment below, or share your thoughts at Talk Irvine.
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