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 
87 FALLINGSTAR Irvine, CA 92614
$284,900 …….. Asking Price
$396,000 ………. Purchase Price
2/25/2005 ………. Purchase Date
($111,100) ………. Gross Gain (Loss)
($31,680) ………… Commissions and Costs at 8%
============================================
($142,780) ………. Net Gain (Loss)
============================================
-28.1% ………. Gross Percent Change
-36.1% ………. Net Percent Change
-4.5% ………… Annual Appreciation
Cost of Home Ownership
——————————————————————————
$284,900 …….. Asking Price
$9,972 ………… 3.5% Down FHA Financing
3.78% …………. Mortgage Interest Rate
30 ……………… Number of Years
$274,929 …….. Mortgage
$85,914 ………. Income Requirement
$1,278 ………… Monthly Mortgage Payment
$247 ………… Property Tax at 1.04%
$0 ………… Mello Roos & Special Taxes
$71 ………… Homeowners Insurance at 0.3%
$286 ………… Private Mortgage Insurance
$337 ………… Homeowners Association Fees
============================================
$2,219 ………. Monthly Cash Outlays
($195) ………. Tax Savings
($412) ………. Equity Hidden in Payment
$13 ………….. Lost Income to Down Payment
$56 ………….. Maintenance and Replacement Reserves
============================================
$1,681 ………. Monthly Cost of Ownership
Cash Acquisition Demands
——————————————————————————
$4,349 ………… Furnishing and Move In at 1% + $1,500
$4,349 ………… Closing Costs at 1% + $1,500
$2,749 ………… Interest Points
$9,972 ………… Down Payment
============================================
$21,419 ………. Total Cash Costs
$25,700 ………. Emergency Cash Reserves
============================================
$47,119 ………. Total Savings Needed
——————————————————————————————————————————————-
This property is available for sale via the MLS.
Please contact Shevy Akason, #01836707
949.769.1599……
sales@ochousingnews.com…..
We're sorry, but it seems that we're having some problems loading MLS # S697177 from our database. Please check back soon.
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$379,999 28 GREENMOOR #14 |
0.11 miles 2 bd / 2.5 ba 1,142 Sq. Ft. |
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$299,900 78 GREENMOOR #39 |
0.11 miles 2 bd / 2 ba 978 Sq. Ft. |
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$350,000 15 GREENMOOR #16 |
0.21 miles 2 bd / 2 ba 1,227 Sq. Ft. |
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$329,900 125 GREENMOOR #54 |
0.21 miles 2 bd / 2.5 ba 1,080 Sq. Ft. |
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$545,000 86 DANBURY Ln |
0.55 miles 2 bd / 2.5 ba 1,170 Sq. Ft. |
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$347,827 3310 ASPEN GROVE Rd |
0.93 miles 2 bd / 2.5 ba 1,200 Sq. Ft. |
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$349,900 10 GREENLEAF #16 |
1.1 miles 2 bd / 1.5 ba 1,022 Sq. Ft. |
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$259,000 187 BRIARWOOD |
1.18 miles 2 bd / 1 ba 921 Sq. Ft. |
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$175,000 4102 APRICOT Dr #4102 |
1.26 miles 1 bd / 1 ba 882 Sq. Ft. |
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$315,000 346 LEMON Grv |
1.26 miles 2 bd / 2.5 ba 1,154 Sq. Ft. |
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Average realtor income is up for the first time in a decade. They finally purged the ranks of enough members to get the average up despite total commission income being about half of the 2006 peak.
For the first time since 2002, the National Association of Realtors (NAR) reported that income for its members (REALTORS®) increased in 2011.
“The median income of a REALTOR® rose 2.3 percent to $34,900 in 2011, which is the first overall gain in nine years,” said Paul Bishop, NAR VP of research. “Many REALTORS® have persevered through very difficult market conditions and understand the cyclical nature of the business, but have never had to endure a cycle like the one that is presently waning.”
Members who are licensed as brokers typically earned $48,400 in 2011, while the median for sales agents was $27,200.
For NAR members who have 16 or more years of experience, income earned was $50,200. Members working 60 hours a week or more earned $80,900, and 17 percent of all members had a six-figure income.
“Our members are tapping into resources that give them an edge up on challenging conditions, whether it’s helping a buyer negotiate a distressed sale or find a loan, or in helping a seller with effective marketing,” said NAR President Moe Veissi.
The typical NAR member has 11 years of experience and works full-time. Most members are women, with 55 percent licensed as brokers and 66 percent sales agents.
Also, the survey revealed the typical NAR member is 56 years old, and only 2 percent are under 30 years old, while 22 percent are 65 or over.
Repeat business and referrals proved to be extremely important for members, with repeat business accounting for a median of 19 percent of all activity in 2011 and 38 percent for those with 16 years of experience of more, while referrals added another 20 percent to business activity.
Most members, 57 percent, are licensed sales agents and 27 percent are brokers.
As for obstacles, 30 percent of respondents said difficulty in obtaining a mortgage was the greatest barrier.
Nine out of 10 members are homeowners, and more than half, 53 percent, own at least one residential investment property and 29 percent own at least one commercial property.
Data on the members was gathered from the 2012 NAR Member Profile.