May 2012 Archives » Irvine Housing News

El Camino Real prices falling and rents rising

May 312012

Irvine: El Camino Real Overview Median home price is $406,000. Based on a rental parity value of $516,000, this market is under valued. Monthly payment affordability has been improving over the last 8 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $303/SF from $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 $50 last month from $2,116 to $2,166. Rents have been rising for 9 month(s). Price momentum suggests rising rents over the next three months. Market rating = 7 Proprietary Irvine Housing News home purchase analysis 6 SANTA FE Irvine, CA 92604 $429,000 …….. Asking Price $595,000 ………. Purchase Price [Read More...]

No spring rally in Woodbury yet

May 302012

Irvine: Woodbury Overview Median home price is $448,000. Based on a rental parity value of $660,000, this market is under valued. Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $306/SF to $302/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $33 last month from $2,736 to $2,770. Rents have been falling for 2 month(s). Price momentum suggests unchanging rents over the next three months. Market rating = 6 Proprietary Irvine Housing News home purchase analysis 137 SANCTUARY #70 Irvine, CA 92620 $325,000 …….. Asking Price $516,000 ………. Purchase Price 2/22/2007 ………. [Read More...]

Quail Hill prices spike higher

May 292012

Irvine: Quail Hill Overview Median home price is $587,000. Based on a rental parity value of $604,000, this market is fairly valued. Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased to $324/SF to $348/SF. Resale prices have been falling for 11 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $83 last month from $2,450 to $2,533. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 5 Proprietary Irvine Housing News home purchase analysis 91 DUET Irvine, CA 92603 $390,000 …….. Asking Price $533,000 ………. Purchase Price 4/12/2005 ………. [Read More...]

Northpark condos continue to plummet

May 282012

Irvine: Northpark Overview Median home price is $427,000. Based on a rental parity value of $615,000, 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 $291/SF to $290/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $101 last month from $2,480 to $2,581. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 7 Proprietary Irvine Housing News home purchase analysis 1006 TERRA BELLA Irvine, CA 92602 $329,000 …….. Asking Price $394,000 ………. Purchase Price 1/30/2004 ………. [Read More...]

Stonegate: San Marcos

May 262012

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...]

Oak Creek rents are overheating

May 252012

Irvine: Oak Creek Overview Median home price is $477,000. Based on a rental parity value of $540,000, this market is fairly 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 $312/SF to $312/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $150 last month from $2,116 to $2,266. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 4 Proprietary Irvine Housing News home purchase analysis 3310 ASPEN GROVE Rd Irvine, CA 92618 $347,827 …….. Asking Price $525,000 ………. Purchase Price [Read More...]

Northwood valuations continue to improve

May 242012

Irvine: Northwood Overview Median home price is $485,000. Based on a rental parity value of $548,000, this market is under valued. Monthly payment affordability has been improving over the last 9 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased to $292/SF to $298/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $33 last month from $2,333 to $2,300. Rents have been rising for 9 month(s). Price momentum suggests rising rents over the next three months. Market rating = 6 Proprietary Irvine Housing News home purchase analysis 3 ULTIMO Dr Irvine, CA 92620 $458,500 …….. Asking Price $394,000 ………. Purchase Price 1/30/2004 ………. [Read More...]

Northpark nearly 20% undervalued, prices continue to fall

May 232012

Irvine: Northpark Overview Median home price is $427,000. Based on a rental parity value of $615,000, 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 $291/SF to $290/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $101 last month from $2,480 to $2,581. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 7 Proprietary Irvine Housing News home purchase analysis 191 LOCKFORD Irvine, CA 92602 $398,900 …….. Asking Price $570,000 ………. Purchase Price 7/30/2007 ………. Purchase [Read More...]

University Park prices continue to drop

May 222012

Irvine: University Park Overview Median home price is $485,000. Based on a rental parity value of $532,000, 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 $299/SF to $293/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 $2,183 to $2,233. Rents have been rising for 11 month(s). Price momentum suggests rising rents over the next three months. Market rating = 6 Proprietary Irvine Housing News home purchase analysis 14 LAGO SUD #7 Irvine, CA 92612 $453,900 …….. Asking Price $650,000 ………. Purchase Price [Read More...]

Woodbridge condos among best values in Irvine

May 212012

Irvine: Woodbridge Overview Median home price is $388,000. Based on a rental parity value of $560,000, 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 increased to $292/SF to $300/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $0 last month from $2,350 to $2,350. 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 187 BRIARWOOD Irvine, CA 92604 $259,000 …….. Asking Price $240,000 ………. Purchase Price 5/15/2003 ………. Purchase [Read More...]

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