Wednesday, January 16, 2013

Irvine Housing Blog

Irvine Housing Blog

Link to Irvine Housing Blog

Irvine Housing by the Numbers - January 2013

Posted: 16 Jan 2013 04:00 AM PST

Here is a snapshot of the Irvine housing market in 2012.

Area List Price/# Homes Listed Sold Price/# Homes Sold List Per SF Sold Per SF % Chg Y-O-Y Sold Price/SF
Airport/IBC          
12-Dec $748K/32 $421K/18 $388 $347 12.30%
12-Nov $685K/42 $395K/18 $382 $311 4.70%
12-Oct $685K/41 $310K/19 $397 $338 13%
12-Sep $787K/42 $370K/16 $399 $326 2.20%
12-Aug $520K/23 $431K/23 $382 $328 13.50%
12-Jul $594K/27 $468K/18 $406 $312 1%
12-Jun $511K/32 $328K/30 $380 $312 -3.40%
12-May $459K/41  $514K/19  $356 $325  5.90%
12-Apr $442K/48 $340K/25 $350 $304 -5.90%
12-Mar $415K/45 $412K/16 $348 $346 11.60%
12-Feb $392K/48 $330K/15 $337 $288 -11.70%
12-Jan $374K/52 $327K/18 $332 $317 -17%
           
Columbus Grove n/a        
           
El Camino Real          
12-Dec $535K/11 $450K/11 $416 $361 18.4
12-Nov $517K/10 $482K/14 $348 $373 0.90%
12-Oct $549K/15 $438K/12 $393 $314 -1.90%
12-Sep $540K/18 $399K/19 $380 $272 -21.40%
12-Aug $600K/21 $490K/21 $359 $334 -7%
12-Jul $624K/10 $455K/9 $408 $359  16.6%
12-Jun $579K/24 $504K/13 $392 $327 16%
12-May $555K/19  $435K/19  $365 $280 -17.20%
12-Apr $572K/22 $458K/12 $329 $239 -22.10%
12-Mar $546K/22 $468K/10 $329 $327 3.80%
12-Feb $467K/26 $340K/5 $339 $281 -6.60%
12-Jan $462K/28 $389K/6 $322 $267 -28.40%
           
Northpark          
12-Dec            
12-Nov $839K/28    $524K/29 $359 $313 7.60%
12-Oct $862K/28    $585K/24 $348 $327 8.60%
12-Sep $870K/37    $460K/25 $333 $298 2.10%
12-Aug $809K/48    $488K/40 $333 $289 -2.70%
12-Jul $844K/48    $540K/31 $348 $289 -10%
12-Jun $774K/50  $460K/35  $351  $297  1.40%
12-May $700K/59  $438K/35   $329  $278 -7.3% 
12-Apr $649K/51 $390K/29 $339 $283 -10.04
12-Mar $674K/50 $465K/36 $341 $281 -8.80%
12-Feb $459K/74 $415K/13 $301 $280 -9.40%
12-Jan $465K/91 $412K/19 $290 $277 -20.90%
           
Northwood          
12-Dec $769K/17 $548K/19 $333 $324 15.70%
12-Nov $780K/23 $576K/19 $329 $297 -6%
12-Oct $823K/34 $640K/27 $341 $325 14%
12-Sep $777K/44 $518K/26 $341 $314 4.70%
12-Aug $735K/51 $612K/38 $322 $317 7.10%
12-Jul $727K/52 $650K/22 $323 $340 9%
12-Jun $692K/62 $525K/27 $316 $295  -8.10%
12-May $697K/52 $584K/32 $314  $267  -13% 
12-Apr $599K/59 $579K/30 $312 $310 5.10%
12-Mar $519K/61 $518K/20 $316 $301 -1.60%
12-Feb $504K/66 $292K/13 $300 $287 -7.10%
12-Jan $489K/78 $518K/17 $286 $292 -7.60%
           
Oak Creek          
12-Dec $330K/10 $430K/9 $362 $285 0.40%
12-Nov $394K/12 $545K/11 $353 $350 -12.20%
12-Oct $502K/10 $488K/20 $337 $310 17%
12-Sep $542K/16 $476K/8 $351 $310 -0.60%
12-Aug $644K/16 $433K/16 $328 $327 -3.50%
12-Jul $576K/12  $338K/12 $330 $288 -10.60%
12-Jun $720K/19  $216K/10  $330  $216  -21.10%
12-May  $579K/17  $240K/8 $333  $281 -1.7% 
12-Apr $530K/19 $628K/14 $303 $315 5.90%
12-Mar $425K/27 $284K/14 $309 $292 -1.40%
12-Feb $487K/26 $267K/13 $317 $267 -15.80%
12-Jan $350K/33 $249K/9 $308 $261 -20.40%
           
Orange Tree          
12-Dec $290K/6 $294K/2 $345 $269 3.50%
12-Nov $300K/7 $300K/7 $357 $351 15.80%
12-Oct $300K/7 $343K/4 $351 $288 24.10%
12-Sep $295K/4 $280K/8 $356 n/a n/a
12-Aug $280K/6 0 $289 $214 -41.50%
12-Jul $320K/3 $184K/2 $311 $265 -23%
12-Jun $257K/2 $279K/4  $307   $251  -10%
12-May $250K/3 $181K/6 $307 $261 6.1% 
12-Apr $278K/6 $165K/1 $256 $203 -31.90%
12-Mar $245K/9 $189K/6 $253 $279 4.10%
12-Feb $242K/6 $200K/6 $249 $230 -33.50%
12-Jan  $216K/12 $205K/5 $252 $249 -13.50%
           
Portola Springs        
12-Dec $1,040K/3 $665K/9 $361 $320 27.50%
12-Nov $710K/16 $547K/12 $355 $310 0%
12-Oct $683K/15 $626K/7 $333 $302 6.30%
12-Sep $639K/22 $621K/13 $319 $322 1.3%s
12-Aug $640K/26 $571K/11 $324 $283 -5.40%
12-Jul $639K/33 $631K/12 $325 $317 1%
12-Jun $622K/31 $724K/8 $321 $308 -4%
12-May $660K/23 $582K/13 $335 $284 -4.10%
12-Apr $693K/30 $596K/11 $330 $299 -11%
12-Mar $639K/25 $950K/5 $325 $320 11.90%
12-Feb $641K/31 $510K/1 $317 $249 -12%
12-Jan $623K/43 $570K/7 $321 $293 1.40%
           
Quail Hill           
12-Dec    $535K/8 $591K/12 $376 $398 16%
12-Nov    $614K/12 $680K/5 $400 $383 12.60%
12-Oct    $594K/14 $862K/6 $373 $390 14.70%
12-Sep    $625K/15 $450K/7 $384 $325 -3.80%
12-Aug    $630K/15 $600K/12 $392 $392 11.40%
12-Jul    $625K/13 $885K/8 $361 $389 21.60%
12-Jun $647K/14   $586K/12  $373 $375 8.1% 
12-May $714K/18  $465K/13 $376 $347 -13.00%
12-Apr $749K/17 $863K/6 $373 $374 7.50%
12-Mar $500K/21 $505K/9 $360 $317 -3.10%
12-Feb $515K/21 $470k/6 $364 $307 -10.80%
12-Jan $560K/20 $512K/8 $324 $326 -13.30%
           
Rancho San Joaquin        
12-Dec $577K/2 $408K/2 $339 $322 31.40%
12-Nov $657K/2 $530K/5 $327 $305 9.70%
12-Oct $407K/2 $388K/5 $320 $308 n/a
12-Sep $485K/3 $495K/2 $346 $336 13.90%
12-Aug $449K/4 $460K/3 $339 $307 -9.70%
12-Jul $509K/3 $433K/2 $320 $269 -6.30%
12-Jun n/a        
12-May $475K/5 $410K/2 $313 $306 -2%
12-Apr n/a        
12-Mar $465K/5 $500K/2 $246 $296 n/a
12-Feb $492K/6 $360K/1 $297 $336 n/a
12-Jan n/a          
           
Shady Canyon        
12-Dec $6,142K/18 $4,890K/2 $730 $647 n/a
12-Nov $6,142K/22 $5,330K/3 $750 $694 20.10%
12-Oct $6,295K/24 $2,600K/2 $742 $636 n/a
12-Sep $6,142K/24 $4,390K/2 $752 $748 19.70%
12-Aug $6,922K/26 $3,124K/4 $770 $561 -3.90%
12-Jul $6,000K/27 $4,555K/3 $760 $586 15.40%
12-Jun $5,998K/26 $3,700K/3 $761 $552 -10%
12-May $6,000K/25 $4,019K/6 $705 $673 30.70%
12-Apr $5,995K/23 $4,875K/4 $720 $512 -6.10%
12-Mar $5,980K/21 $4,436K/4 $720 $657 28.80%
12-Feb $5,995K/23 $3,200K/3 $725 $603 7.50%
12-Jan $5,980K/23 $2,670K/5 $720 $534 24.20%
           
Turtle Ridge          
12-Dec $2,290K/13 $1,540K/8 $632 $530 28.60%
12-Nov $2,290K/15 $1,635K/5 $599 $521 17.30%
12-Oct $2,240K/16 $891K/10 $596 $412 -7.40%
12-Sep $1,750K/19 $1,875K/8 $589 $525 9.10%
12-Aug $1,825K/21 $1,950K/9 $567 $504 22%
12-Jul $1,848K/25 $1,440K/12 $571 $510 14.90%
12-Jun  $1,875K/27 $1,360K/11 $570   $467  4.70%
12-May $1,749K/31 $1,044K/8  $545  $459 0.10%
12-Apr $1,724K/28 na/8 $533 $421 5.20%
12-Mar $1,899K/28 $1,500K/7 $550 $485 -8.30%
12-Feb $1,899K/27 $955K/4 $527 $441 18.90%
12-Jan $1,672K/32 $532K/4 $493 $355 -25.30%
           
Turtle Rock          
12-Dec $782K/10 $1,000K/11 $381 $404 9.20%
12-Nov $789K/11 $831K/16 $393 $377 5%
12-Oct $819K/12 $822K/15 $412 $425 6.50%
12-Sep $812K/24 $790K/10 $396 $406 -19%
12-Aug $825K/27 $932K/14 $399 $465 14.80%
12-Jul $837K/32 $975K/10 $421 $451 19.30%
12-Jun $865K/37  $915K/20 $457  $446 3.20%
12-May $939K/37  $730K/9  $454   $410  3.30%
12-Apr $986K/43 $1,050K/5 $457 $461 10.30%
12-Mar $967K/40 $690K/11 $448 $381 17.60%
12-Feb $1,024K/38 $1,422K/4 $457 $559 14.30%
12-Jan $974K/40 $545K/8 $458 $295 -14.20%
           
University Park         
12-Dec          
12-Nov $519K/5 $624K/12 $386 $313 3.60%
12-Oct $702K/8 $560K/6 $349 $363 18.20%
12-Sep $660K/11 $594K/10 $324 $323 -5%
12-Aug $631K/8 $520K/12 $359 $333 6.10%
12-Jul $699K/7 $560K/5 $331 $312 -9%
12-Jun $599K/12 $540K/10 $345 $333 6.40%
12-May $602K/12 $539K/8 $346 $291 6.20%
12-Apr $609K/11 $538K/7 $352 $272 -15%
12-Mar $552K/14 $431K/6 $288 $305 -5.60%
12-Feb $578K/14 $555K/4 $297 $286 9.60%
12-Jan $595K/14 $420K/7 $289 $281 -10.80%
           
University Town Center        
12-Dec $600K/2 $505K/5 $367 $363 10.70%
12-Nov $550K/4 $400K/3 $382 $383 29%
12-Oct $460K/2 $402K/2 $406 $359 17.30%
12-Sep $489K/2 $365K/5 $393 $344 13.90%
12-Aug $355K/3 $411K/4 $399 $333 9.90%
12-Jul $435K/10 $430K/6 $368 $316 -10%
12-Jun $440K/7 $295K/2 $384 $322 17.10%
12-May $440K/5 $450K/5 $371 $311 6.90%
12-Apr $340K/3 $375K/5 $338 $326 6.90%
12-Mar $455K/7 $478K/4 $298 $321 1.90%
12-Feb $347K/6 $384K/1 $342 $265 -19.50%
12-Jan $467K/10 $480K/1 $330 $315 n/a
           
Walnut          
12-Dec $710K/5 $572K/8 $365 $299 4.20%
12-Nov $722K/7 $567K/4 $300 $330 16.60%
12-Oct $698K/6 $689K/9 $316 $319 13.10%
12-Sep $582K/8  $597K/6  $340 $298 2.40%
12-Aug $630K/8  $575K/4 $330 $303 -1.30%
12-Jul $626K/14 $528K/1 $330 $321 -4.20%
12-Jun $659K/5 $540K/5 $307 $280 -9.40%
12-May $628K/5 $595K/5  $309 $314 14.6% 
12-Apr $532K/3 $580K/5 $313 $306 -1%
12-Mar $619K/5 $635K/3 $327 $300 3.40%
12-Feb $600K/5 $509K/3 $316 $310 -9.40%
12-Jan $600K/11 $596K/4 $298 $259 -12.80%
           
West Irvine n/a        
           
Westpark          
12-Dec $620K/5 $655K/10 $428 $347 -8.90%
12-Nov $823K/4 $543K/9 $452 $366 10.20%
12-Oct $799K/9 $690K/5 $368 $366 5.20%
12-Sep $690K/13 $662K/8 $352 $334 11%
12-Aug $558K/12 $740K/5 $357 $345 6.20%
12-Jul $615K/11 $480K/3 $329 $291 -20.30%
12-Jun $823K/13 $670K/4 $360 $318 -10.40%
12-May $628K/5 $595K/5 $309 $314 14.60%
12-Apr $624K/14 $651K/8 $360 $304 -10.30%
12-Mar $565K/17 $615K/10 $319 $331 -2.50%
12-Feb $649K/21 $506K/6 $319 $361 21.50%
12-Jan $552K/20 $695K/2 $331 $356 -11.20%
           
Woodbridge          
12-Dec $694K/20 $535K/21 $355 $334 9.20%
12-Nov $630K/24 $475K/25 $351 $326 6.20%
12-Oct $659K/29 $430K/23 $342 $327 13.10%
12-Sep $660K/37 $518K/26 $348 $309 3.70%
12-Aug $678K/34 $475K/30 $352 $310 -3.10%
12-Jul $625K/37 $500K/33 $350 $318 3.20%
12-Jun $570K/39 $508K/36 $357 $340 8.60%
12-May $586K/50 $430K/25 $350 $307 -6.40%
12-Apr $554K/68 $422K/29 $347 $289 -8%
12-Mar $494K/68 $345K/31 $339 $283 -9.30%
12-Feb $459K/83 $399K/23 $328 $312 -4.90%
12-Jan $435K/93 $402K/15 $317 $273 -6.20%
           
Woodbury           
12-Dec $882K/12 $705K/12 $385 $309 3.70%
12-Nov $906K/14 $422K/8 $356 $346 6.10%
12-Oct $919K/13 $592K/10 $354 $321 7.70%
12-Sep $915K/18 $535K/11 $353 $328 -1.20%
12-Aug $732K/27 $480K/9 $326 $305 0%
12-Jul $845K/25 $452K/9 $353 $295 3.50%
12-Jun $823K/30 $470K/15  $359  $316 -5.40%
12-May $872K/24 $650K/11 $363 $310 -3.40%
12-Apr $784K/30 $475K/14 $357 $291 -9.30%
12-Mar $680K/35 $678K/21 $334 $289 0%
12-Feb $650K/33 $419K/8 $330 $298 -4.70%
12-Jan $611K/44 $460K/8 $314 $292 -16.80%

Source: Redfin.com
Posted by Rica at 7:39 AM 0 comments

Tuesday, January 15, 2013

Irvine Housing Blog

Irvine Housing Blog

Link to Irvine Housing Blog

Open House Review: 31 Vassar Aisle

Posted: 15 Jan 2013 04:00 AM PST

Expanded Condo in University Town Center
31 Vassar Aisle  #18                    
$649,000

The story is intriguing in this three story, three bedroom, three bath condo in University Town Center.   Billed as an expanded condo, it is tucked into a secluded area of the gated Oxford Court community across from UC Irvine.

As you enter you get the feeling there are surprises ahead, which turns out to be true.  From the main entry sweep of space on the first floor all the way up to the third floor hideaway, space has been thoughtfully used and elegantly detailed.

Significant Numbers:    This three bedroom, 3 bath condo is 2,300 sq. ft. with HOA of $434 and $/sq. ft., $282.  There is no Mello Roos. The home was built in 1988 and has been on the market 89 days.

Stepping into the ceramic tile entry, there is a shuttered den/bedroom with bath to the left, along with a stairway to the upper levels. On the right the kitchen has been opened up and remodeled with granite counters and seating that offers a view of the rest of the main floor. On the left there is a good sized living room with fireplace; on the right a formal dining room, and off of it French doors leading to a large patio with built in fountain and barbecue.  

The high ceilings and good sized windows fill the area with natural light and the overall floor plan lends itself to small parties, and dinners.  There is a built-in media center and TV above the fireplace and surround sound throughout the three stories.

The kitchen has granite counters, oak cabinets, recessed lighting and a built-in wine bar/pantry.

Upstairs there are two masters. One master has a built-in in gas fireplace and French doors opening onto a view balcony.   The remodeled master bath has dual vanities and an oval soaking tub.   An Italian made spiral staircase leads to a third floor retreat. The second master bedroom has triple mirrored wardrobes and private bath.

Specifics:
Bedrooms, 3
Baths, 3
Association pool and spa
Concrete tile roof
Forced air, air conditioning, ceiling fans
Inside laundry
Double garage
2 plus common walls attached
Full copper plumbing
Irvine Unified School District

What will be considered?  The overall size, expansion with a  third floor, convenient location in a gated community, and price and upgrades will all be part of the discussion here. For the right buyer the home offers a lot of options and a comfortable setting.

Who will be the next owners?  People working with UCI, or professional couples looking for a convenient Irvine base, might welcome the amount of space and detailing in this condo.  With three bedrooms, including two masters, the owner options are flexible.  A family with an older member would value the downstairs bedroom. A couple with frequent out-of-town guests would appreciate the convenient location and extra bedroom downstairs.

Recent listings: 7 Rocky, $775,000:  6 Whitewater, $630,000.  Recent Sales: 30 Rainbow Falls sold for $610,000; 49 Rocky Knoll #37 sold for $635,000.

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3471.0.html
Posted by Rica at 7:42 AM 0 comments

Monday, January 14, 2013

Irvine Housing Blog

Irvine Housing Blog

Link to Irvine Housing Blog

Fly Already, It’s the Airport Area!

Posted: 14 Jan 2013 04:00 AM PST

Inventory: 214 homes.

Two hundred seems to be the new normal for the Truman World. We go up a few properties, down a few properties, but for the past two months, we have been around that number. Realtors are talking about multiple offers, listings flying off the shelves, and very soon they will say “Buy now or you will be priced out forever” without even feeling guilty about it. Average list prices are trending higher with each passing month, and as of now we are entering a seller’s market. But before we declare a mini bubble in Irvine due to low inventory, let’s see if inventory is really as low as the numbers we see. I am not talking shadow inventory from the foreclosures. New homes. Last week, I came across an article on OC Register about new home sales by The Irvine Company. According to the article, 1346 new homes were sold in 2012. That’s right, more than a thousand homes. 774 homes were sold in 2011.

1346 New Homes + 600 Regular Sales = Around 1946 homes were on the market in January, 2012.
774 New Homes + 710 Regular Sales = Around 1484 homes were on the market in January 2011.
What do you think? Will the influx of more new homes bring the market down?  We have five thousand homes approved near the El Toro-Great Park neighborhood within the next ten years.

402 Rockefeller #210, Irvine CA 92612

This is one of the elite airport area condominiums built last year. It comes with concierge service.
Listing Price: $751,000
Beds/ Baths: 2 Bedrooms/ 2.5 Bathrooms
Area: 1841 SF
Year Built: 2011
Property Type: Condominium
Builder Tract Name: Lennox
Builder Tract Code: CPWLX

Monthly Mortgage: $2638
HOA Dues: $719
Property Tax: $530
Mello Roos: $93
Fixed Monthly Expenses: $ 3980

This is not the only property on the market in this tract. Here is the list of other listed properties:
402 South Rockefeller #102 $378/SF
402 South Rockefeller #105 $397/SF
402 South Rockefeller #108 $346/SF
402 South Rockefeller #109 $443/SF
402 South Rockefeller #201 $401/SF
402 South Rockefeller #204 $366/SF
402 South Rockefeller #209 $444/SF
402 South Rockefeller #205 $359/SF
402 Rockefeller #113  $363/SF
402 Rockefeller #116  $357/SF
402 Rockefeller #210  $408/SF
402 Rockefeller #212  $371/SF
402 Rockefeller #214  $337/SF
402 Rockefeller #215  $376/SF

Does that feel like an influx of inventory in the airport area?
This property has been on the market for more than one hundred days and so have a few similar ones. If the real inventory is around two hundred, and every buyer is desperate, and things are flying off the shelves, why haven’t the airport condos flown yet? Agreed there is a huge price tag for HOA Dues, but I am sure the Company did demographics and requirements study before proposing the community, and City of Irvine did its own study and projections before approving it.

Comment below, or share your thoughts at Talk Irvine.
Posted by Rica at 7:10 AM 0 comments

Saturday, January 12, 2013

Irvine Housing Blog

Irvine Housing Blog

Link to Irvine Housing Blog

Closed Sales from 1/3/2013 to 1/9/2013

Posted: 12 Jan 2013 02:23 AM PST

Date Sold Address Zip Tract Sold Price Beds Sq Ft
Airport Area          
1/3/13 2253 Martin 404 92612 Metropolitan $445,000 2 1269
1/4/13 3418 Watermarke Pl 92612 Watermarke $205,000 1 635
1/4/13 2127 Watermarke Pl 92612 Watermarke $440,000 2 1122
             
El Camino Real          
1/8/13 11 Argent 92604 Ranch $575,250 3 1471
1/8/13 4131 Loma St 92623 Greentree $550,000 3 1492
             
Northwood          
1/4/13 32 Midsummer 92620 Bella Rosa $740,000 4 2300
1/8/13 34 Runningbrook 92620 Silverado $999,000 4 3000
1/8/13 82 New Season 92602 Tamarisk $470,000 3 1498
1/9/13 170 Garden Gate Ln 92620 Glenneyre at Lanes End $450,000 2 1039
             
Portola Springs          
1/8/13 45 Bell Chime 92618 Decada $553,000 3 1437
             
Quail Hill            
1/7/13 100 SYMPHONY 92603 Sienna $1,474,000 4 3300
             
Turtle Rock          
1/4/13 19125 Sierra Majorca RD 92603 Broadmoor $1,570,000 5 3336
             
University Park          
1/4/13 4042 Germainder Way 92612 * $415,000 3 1495
1/7/13 8 Mandrake WAY 92612 Village II $520,000 2 1477
1/9/13 21 Whitewood Way 92612 Village II $525,000 3 1493
             
West Irvine          
1/9/13 85 Waterman 92602 Wisteria $425,000 2 1220
             
Woodbridge          
1/4/13 164 Greenmoor 70 92614 Stonegate $485,000 3 1400
1/8/13 193 Briarwood 92604 Village Green $330,000 3 1135
1/8/13 230 Greenmoor 102 92614 Stonegate $383,250 3 1368
             
Woodbury          
1/4/13 90 Sarabande 92620 Garland Park $455,000 3 1737
1/7/13 93 Coleridge 12 92620 San Marcos $715,356 4 2077
1/7/13 79 Coleridge 5 92620 San Marcos $634,533 3 1824
             
Woodbury East          
1/7/13 22 Hedge Bloom 92618 Ivy $410,000 2 1080
Posted by Rica at 7:35 AM 0 comments
Subscribe to: Posts (Atom)
 
Copyright 2009 House Estate World