April 2012 Archives » Irvine Housing News

Woodbridge seeing no spring rallly

Apr 302012

Irvine: Woodbridge Overview Median home price is $378,000. Based on a rental parity value of $557,000, this market is under valued. Monthly payment affordability has been improving over the last 1 month(s). Momentum suggests unchanging affordability. Resale prices on a $/SF basis declined from $295/SF to $292/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $50 last month from $2,300 to $2,350. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 8 Proprietary OC Housing News home purchase analysis 10 FALLBROOK Irvine, CA 92604 $650,000 …….. Asking Price $635,000 ………. Purchase Price 2/22/2005 ………. Purchase [Read More...]

Stonegate: Santa Maria

Apr 292012

Stonegate is an Irvine Company Village located northeast of Woodbury bounded by Sand Canyon Avenue, Portola Parkway, Jeffrey Road, and Irvine Boulevard. Stonegate has easy access to Highway 133 which provides speedy access to I-5 and I-405. The entire Village is far enough from the major freeways to be very quiet, particularly locations distal from the bounding arterial streets. The only problems with traffic or noise comes from the steady stream to garbage trucks driving up Sand Canyon and down Portola heading to the Bee Canyon landfill. The landfill itself is over the mountain nearly two miles from the housing development. Odor or groundwater contaminants should never be a problem. The Irvine Company developed Woodbury as the premium community in [Read More...]

What’s really going on in the Irvine housing market? 4-28-2012

Apr 282012

The Irvine Housing News profiles properties for sale each day and presents current market data on each village and neighborhood. If you really want to know what’s happening in the Irvine Housing market, you need to read the Irvine Housing news and subscribe to the our monthly newsletter. Redfin is the most popular real estate search site in Southern California. They track the most popular listings based on the number of views each receives. Below are some of the most viewed property listings in Irvine. Check them out. See what everyone else finds so interesting. 2 EVENING SHADOW #6 Irvine, CA 92603 — $345,900 $399,000 50 VERMILLION 1.58 miles 2 bd / 2 ba 1,174 Sq. Ft. $425,000 243 CORAL [Read More...]

Orangetree median below $200,000, over 40% undervalued

Apr 272012

Irvine: Orangetree Overview Median home price is $181,000. Based on a rental parity value of $318,000, this market is under valued. Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis declined from $256/SF to $245/SF. Resale prices have been falling for 11 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $58 last month from $1,400 to $1,341. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 10 Proprietary Irvine Housing News home purchase analysis 102 TERRA BELLA Irvine, CA 92602 $425,000 …….. Asking Price $504,000 ………. Purchase Price 1/13/2006 ………. [Read More...]

West Irvine prices and rents are weakening

Apr 262012

Irvine: West Irvine Overview Median home price is $480,000. Based on a rental parity value of $585,000, this market is under valued. Monthly payment affordability has been improving over the last 2 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $296/SF to $283/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $285 last month from $2,183 to $2,468. Rents have been slowly rising for 12 month(s). Price momentum suggests slowly rising rents over the next three months. Market rating = 4 Proprietary Irvine Housing News home purchase analysis 9 TIOGA Pl Irvine, CA 92602 $895,000 …….. Asking Price $405,500 ………. Purchase [Read More...]

Northpark prices continue to plummet despite increased activity

Apr 252012

Irvine: Northpark Overview Median home price is $432,000. Based on a rental parity value of $587,000, this market is under valued. Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis declined from $297/SF to $291/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $48 last month from $2,431 to $2,480. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 6 Proprietary Irvine Housing News home purchase analysis 102 TERRA BELLA Irvine, CA 92602 $425,000 …….. Asking Price $504,000 ………. Purchase Price 1/13/2006 ………. [Read More...]

El Camino Real median dips below $400,000

Apr 242012

Irvine: El Camino Real Overview Median home price is $390,000. Based on a rental parity value of $501,000, this market is under valued. Monthly payment affordability has been improving over the last 7 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased to $284/SF from $303/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $98 last month from $2,215 to $2,116. Rents have been rising for 8 month(s). Price momentum suggests rising rents over the next three months. Market rating = 7 Proprietary Irvine Housing News home purchase analysis 13 HERITAGE Irvine, CA 92604 $279,900 …….. Asking Price $138,500 ………. Purchase Price 11/9/1990 [Read More...]

Westpark prices stabilizing, still undervalued relative to rents

Apr 232012

Irvine: Westpark Overview Median home price is $474,000. Based on a rental parity value of $580,000, this market is under valued. Monthly payment affordability has been improving over the last 3 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased to $333/SF to $335/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $16 last month from $2,466 to $2,450. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 9 Proprietary Irvine Housing News home purchase analysis 3 IMPERIAL AISLE Irvine, CA 92606 $388,000 …….. Asking Price $530,000 ………. Purchase Price 10/18/2006 ………. [Read More...]

Woodbury 30% undervalued from rental parity

Apr 222012

Irvine: Woodbury Overview Median home price is $445,000. Based on a rental parity value of $648,000, this market is under valued. Monthly payment affordability has been improving over the last 4 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $310/SF to $306/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $86 last month from $2,650 to $2,736. Rents have been falling for 1 month(s). Price momentum suggests unchanging rents over the next three months. Market rating = 5 Proprietary Irvine Housing News home purchase analysis 63 STOWE Irvine, CA 92620 $1,099,000 …….. Asking Price $1,192,500 ………. Purchase Price 5/31/2005 ………. Purchase [Read More...]

What’s really going on in the Irvine housing market? 4-21-2012

Apr 212012

The Irvine Housing News profiles properties for sale each day and presents current market data on each village and neighborhood. If you really want to know what’s happening in the Irvine Housing market, you need to read the Irvine Housing news and subscribe to the our monthly newsletter. Redfin is the most popular real estate search site in Southern California. They track the most popular listings based on the number of views each receives. Below are some of the most viewed property listings in Irvine. Check them out. See what everyone else finds so interesting. 6 FERN Cyn Irvine, CA 92604 — $558,800 $760,000 9 ELMWOOD 0.51 miles 4 bd / 2.75 ba 2,127 Sq. Ft. $679,000 35 MORNING DOVE [Read More...]

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