|
Date Sold |
Address |
Zip |
Tract |
Sold Price |
Beds |
Sq Ft |
|
|
|
|
|
|
|
|
|
Airport Area |
|
|
|
|
|
|
|
3/9/12 |
1114 Scholarship |
92612 |
Avenue One |
$215,000 |
1 |
725 |
|
3/12/12 |
2415 Watermarke Pl |
92612 |
Watermarke |
$220,000 |
1 |
635 |
|
3/13/12 |
5071 Scholarship |
92612 |
The Plaza |
$650,000 |
2 |
1675 |
|
|
|
|
|
|
|
|
|
Northwood |
|
|
|
|
|
|
|
3/9/12 |
25 Bamboo |
92620 |
Camellia |
$790,000 |
3 |
2460 |
|
3/12/12 |
35 Wonderland |
92620 |
Serissa |
$579,000 |
3 |
2145 |
|
3/12/12 |
304 Monroe |
92620 |
Timberline |
$368,000 |
2 |
1142 |
|
3/14/12 |
2 Mcclennan |
92620 |
Show Case |
$659,000 |
3 |
2055 |
|
|
|
|
|
|
|
|
|
Portola Springs |
|
|
|
|
|
|
3/12/12 |
52 Scarlet Bloom |
92618 |
Vientos |
$508,000 |
3 |
1405 |
|
|
|
|
|
|
|
|
|
Turtle Ridge |
|
|
|
|
|
|
|
3/8/12 |
38 Woodcrest |
92603 |
Chaumont |
$1,600,000 |
3 |
3100 |
|
|
|
|
|
|
|
|
|
Turtle Rock |
|
|
|
|
|
|
|
3/9/12 |
5021 Paseo Dali |
92603 |
Campus View |
$659,000 |
3 |
1500 |
|
|
|
|
|
|
|
|
|
Walnut |
|
|
|
|
|
|
|
3/14/12 |
3531 Pecan St |
92606 |
College Park |
$635,000 |
4 |
2505 |
|
|
|
|
|
|
|
|
|
West Irvine |
|
|
|
|
|
|
|
3/8/12 |
98 Briar |
92602 |
Briarwood |
$785,500 |
5 |
2900 |
|
|
|
|
|
|
|
|
|
Westpark |
|
|
|
|
|
|
|
3/9/12 |
25 Del Perlatto |
92614 |
Borgatta |
$470,000 |
2 |
1352 |
|
3/13/12 |
3661 Bates St |
92614 |
Culverdale |
$572,000 |
4 |
1650 |
|
3/13/12 |
2 Altezza |
92606 |
Trovata |
$661,000 |
4 |
1876 |
|
3/13/12 |
52 Almador |
92614 |
Las Palmas |
$429,500 |
2 |
1307 |
|
|
|
|
|
|
|
|
|
Woodbridge |
|
|
|
|
|
|
|
3/8/12 |
14 Seawind |
92614 |
Seaport |
$439,900 |
2 |
1100 |
|
3/8/12 |
8 Rockwood |
92614 |
Parkview |
$425,000 |
3 |
1600 |
|
3/8/12 |
12 Rainbow Lake |
92614 |
Lakeside |
$675,000 |
3 |
2320 |
|
3/9/12 |
46 Oakdale |
92604 |
Custom |
$650,000 |
4 |
2260 |
|
3/9/12 |
21 Southwind |
92614 |
Lakeshore |
$1,200,000 |
4 |
2760 |
|
3/14/12 |
10 Ashbrook |
92604 |
Parkside |
$365,000 |
3 |
1383 |
|
|
|
|
|
|
|
|
|
Woodbury |
|
|
|
|
|
|
|
3/8/12 |
85 Costa Brava |
92620 |
Bowen Court |
$290,000 |
1 |
975 |
|
3/12/12 |
21 Breezes |
92620 |
Mille Fleurs |
$1,088,000 |
5 |
3531 |
|
3/14/12 |
86 Mapleton |
92620 |
La Casella |
$547,000 |
3 |
2090 |
Discuss below or at Talk Irvine.
A reader sent in this interesting article at Bloomberg:
Asian Buyers Buoy New-Home Demand in California’s Orange
By Nadja Brandt - Mar 13, 2012
Connie Wang paid about $960,000 last June for a new four-bedroom, four-bath house in a sprawling swath of Southern California that’s home to Disneyland and Pimco. Now she may buy a second as an investment.
“You know why Orange County is doing better?” said Wang, a native of Taiwan who splits her time between Shenzhen in southern China, where she oversees a toy-manufacturing business, and Irvine, California, where she raised her three children. “It’s because all my neighbors are from China and Taiwan, and they all bought their homes in cash.”
....
To accommodate the increase in demand from Asian buyers, closely held New Home is building dedicated wok kitchens at some homes at another of its developments, Lambert Ranch, in Irvine. The small room is adjacent to the standard kitchen, and has a stove and high-powered vent. Most of the properties also have separate living quarters for extended family, according to Marcus-Colvin.
“After our last focus group, we really wanted to accommodate these changing demands,” she said. “A lot of our Asian buyers have asked for these features and the feedback from those we’ve shown the new properties to has been, ‘You really listened to us.’”
....
Standard Pacific Corp. (SPF), based in Irvine, has begun to cater to culturally specific preferences, including building wok kitchens and incorporating feng shui and numerology rules, such as leaving out unlucky numbers from street addresses, according to Ted McKibbin, president of the builder’s Southern California coastal division.
Under the Chinese system of feng shui, buildings are oriented in a favorable manner, often determined by the location of bodies of water, stars or compass directions.
Feng Shui
“Good feng shui falls under good design principals, the way a cook top and sink are lined up with each other,” McKibbin said. “But with some buyers there’s more focus on that. That’s when things like numerology come into place, which can place challenges in regards to addressing a home and avoiding certain numbers. We do pay attention to that.”
Definitely read the full article at Bloomberg.
I don't think prices are 15-20% above their post peak low of Jan 2009 as the article states. This topic has been discussed plenty on the blog and Talk Irvine. Any thoughts on the article and/or topic? Discuss below or at Talk Irvine.
Jon Lansner at the Register went through the Forbes list and identified the 9 OC billionaires on it:
Irvine Co. boss Donald Bren was one of nine Orange County-bred fortunes — three from the property game — that made the Forbes magazine list of the world's billionaires.
At No. 69, the real estate holdings of Bren, 79, were valued by Forbes at $12 billion.
Click through the slideshow to see the others!
Forbes began the authoritative pursuit of the world's billionaires 25 years ago. Our first cut yielded 140 names. This year we've counted an all-time high 1,226 billionaires worth a record $4.6 trillion.
See this post in its original form, and read more on Lansner on Real Estate.
From the full list at Forbes, it looks like there are two others who have a real estate fortune greater than Bren's: the Kwok family in Hong Kong with $18.3 billion (#27) and the Otto family, retail and real estate, in Germany with $17.6 billion (#34).
The Forbes profile on Donald Bren says:
The Irvine Co. portfolio includes 480 office properties. The company also owns 125 apartment communities with 44,000 units, 41 shopping centers, three hotels, three golf clubs and five marinas.
How much are those properties valued at and how much debt is on them?
Mar 13th, 2012
by Sylvia Walker
The following is a list of some recents statistics for Irvine housing by neighborhood. These numbers are provided by Redfin.
|
Area
|
List Price / # of Homes Listed |
Sold Price / # Homes Sold |
List Per SF |
Sold Per SF |
% Chg M-O-M Sold Price/SF |
% Chg Y-O-Y Sold Price/SF |
|
Airport/IBC |
$374K/52 |
$327K/18 |
$332 |
$317 |
15.90% |
-17% |
|
Columbus Grove |
n/a |
|
|
|
|
|
|
El Camino |
$462K/28 |
$389K/6 |
$322 |
|
-10.10% |
-28.40% |
|
Northpark |
$465K/91 |
$412K/19 |
$290 |
$277 |
-3.10% |
-20.90% |
|
Northwood |
$489K/78 |
$518K/17 |
$286 |
$292 |
3.90% |
-7.60% |
|
Oak Creek |
$350K/33 |
$249K/9 |
$308 |
$261 |
-8.10% |
-20.40% |
|
Orange Tree |
$216K/12 |
$205K/5 |
$252 |
$249 |
-4.20% |
-13.50% |
|
Portola Springs |
$623K/43 |
$570K/7 |
$321 |
$293 |
16.70% |
1.40% |
|
Quail Hill |
$560K/20 |
$512K/8 |
$324 |
$326 |
-5% |
-13.30% |
|
Rancho San Joaquin |
n/a |
|
|
|
|
|
|
Turtle Ridge |
$1,672K/32 |
$532K/4 |
$493 |
$355 |
-13.80% |
-25.30% |
|
Turtle Rock |
$974K/40 |
$545K/8 |
$458 |
$295 |
-20.30% |
-14.20% |
|
Shady Canyon |
$5,980K/23 |
$2,670K/5 |
$720 |
$534 |
n/a |
24.20% |
|
University Park |
$595K/14 |
$420K/7 |
$289 |
$281 |
-15.10% |
-10.80% |
|
University Town Center |
$467K/10 |
$480K/1 |
$330 |
$315 |
-4% |
n/a |
|
West Irvine |
n/a |
|
|
|
|
|
|
Westpark |
$552K/20 |
$695K/2 |
$331 |
$356 |
-6.60% |
-11.20% |
|
Walnut |
$600K/11 |
$596K/4 |
$298 |
$259 |
-9.80% |
-12.80% |
|
Woodbridge |
$435K/93 |
$402K/15 |
$317 |
$273 |
-13.10% |
-6.20% |
|
Woodbury |
$611K/44 |
$460K/8 |
$314 |
$292 |
-2% |
-16.80% |
Note: These numbers are for January 2012. Right after I finished this chart, Redfin came out with the February numbers. I’ll update this chart with the February numbers in a few weeks.
Discuss below or at Talk Irvine.
Mar 12th, 2012
by Cubic Zirconia
Sipping coffee in the morning surrounded by the cool and fresh air of the lake…
Watching the ducks swimming in the lake, circling the same spot everyday…
The reflection of the full moon in the peaceful and serene water…
That is Woodbridge in Irvine. Today, we will look at two properties in Woodbridge, near the South Lake. Listed around the same price range, both houses have almost identical monthly fixed costs. But 3 Waterway is 230SF more than 48 Cedarlake, and it is also a three level house. 3 Waterway has a peek-a-boo view of the lake, and 48 Cedarlake is a block away from the water.
Read the rest of this entry ยป
|
Date Sold |
Address |
Zip |
Tract |
Sold Price |
Beds |
Sq Ft |
|
|
|
|
|
|
|
|
|
El Camino Real |
|
|
|
|
|
|
3/1/12 |
14762 Waverly Ln |
92604 |
Willows |
$372,500 |
2 |
1000 |
|
3/1/12 |
6 Skipper |
92604 |
Irvine Groves |
$490,000 |
4 |
2000 |
|
3/1/12 |
14632 Sweetan St |
92604 |
El Camino Glen |
$470,000 |
3 |
1482 |
|
3/6/12 |
14931 Piper Cir |
92604 |
Greentree |
$475,000 |
3 |
1492 |
|
|
|
|
|
|
|
|
|
Northpark |
|
|
|
|
|
|
|
3/5/12 |
3 Pacific Grv |
92602 |
Saratoga |
$725,000 |
3 |
2200 |
|
3/6/12 |
32 El Cajon |
92602 |
Monterey |
$505,000 |
3 |
1820 |
|
|
|
|
|
|
|
|
|
Northwood |
|
|
|
|
|
|
|
3/1/12 |
7 Plumbago |
92620 |
Somerton |
$1,220,000 |
4 |
3650 |
|
3/2/12 |
160 Streamwood |
92620 |
Irvine Springs |
$140,000 |
1 |
639 |
|
3/2/12 |
30 Secret Garden |
92620 |
Camellia |
$965,000 |
5 |
3200 |
|
3/5/12 |
189 Pineview |
92620 |
The Lakes |
$295,000 |
2 |
1202 |
|
3/5/12 |
20 W Glorieta |
92620 |
Park Place |
$775,000 |
4 |
2190 |
|
|
|
|
|
|
|
|
|
Oak Creek |
|
|
|
|
|
|
|
3/6/12 |
1006 Elmhurst |
92618 |
Oak Park |
$350,000 |
2 |
1031 |
|
|
|
|
|
|
|
|
|
Orangetree |
|
|
|
|
|
|
|
3/2/12 |
45 Orange Blossom |
92618 |
Lake Condos |
$160,000 |
1 |
814 |
|
3/2/12 |
222 Lemon Grv |
92618 |
Villas |
$306,000 |
2 |
1153 |
|
|
|
|
|
|
|
|
|
Quail Hill |
|
|
|
|
|
|
|
3/2/12 |
36 Stepping Stone |
92603 |
Casalon |
$530,000 |
3 |
1741 |
|
3/5/12 |
103 Windchime |
92603 |
Sage |
$505,000 |
3 |
1300 |
|
|
|
|
|
|
|
|
|
Shady Canyon |
|
|
|
|
|
|
3/2/12 |
55 Vernal Spring |
92603 |
Master's Collection |
$4,071,000 |
7 |
6785 |
|
3/5/12 |
44 Blue Heron |
92603 |
Custom |
$12,800,000 |
5 |
11441 |
|
|
|
|
|
|
|
|
|
Turtle Rock |
|
|
|
|
|
|
|
3/1/12 |
12 Misty Meadows |
92612 |
Vista |
$690,000 |
3 |
2500 |
|
|
|
|
|
|
|
|
|
University Park |
|
|
|
|
|
|
3/2/12 |
25 Mann St |
92612 |
Chancellor |
$640,000 |
3 |
1810 |
|
3/6/12 |
19 Banyan Tree |
92612 |
Park I |
$390,000 |
3 |
1718 |
|
3/6/12 |
4501 Pinyon Tree Ln |
92612 |
Park I |
$735,000 |
4 |
2795 |
|
|
|
|
|
|
|
|
|
West Irvine |
|
|
|
|
|
|
|
3/1/12 |
86 Deermont |
92602 |
Wisteria |
$525,000 |
3 |
1622 |
|
3/2/12 |
10 Sagewood |
92602 |
Ivywood |
$729,800 |
4 |
2100 |
|
3/6/12 |
6 Valente |
92602 |
Concord |
$720,000 |
4 |
2564 |
|
|
|
|
|
|
|
|
|
Westpark |
|
|
|
|
|
|
|
3/5/12 |
9 Santa Monica Aisle |
92606 |
Ravenna |
$670,000 |
4 |
1900 |
|
3/7/12 |
132 Alicante Aisle |
92614 |
Tiempo |
$360,000 |
2 |
1080 |
|
3/7/12 |
9 Malaga |
92614 |
Sorrento |
$650,000 |
3 |
2102 |
|
|
|
|
|
|
|
|
|
Woodbridge |
|
|
|
|
|
|
|
3/1/12 |
34 Lakeshore |
92604 |
Arborlake |
$402,000 |
2 |
1620 |
|
3/1/12 |
71 Briarglen |
92614 |
Laurels |
$230,000 |
2 |
908 |
|
3/1/12 |
22 Hollowglen |
92604 |
Glen |
$345,000 |
3 |
1200 |
|
3/6/12 |
192 Greenmoor |
92614 |
Stonegate |
$365,000 |
2 |
1144 |
|
|
|
|
|
|
|
|
|
Woodbury |
|
|
|
|
|
|
|
3/3/12 |
20 Lookout |
92620 |
Mille Fleurs |
$1,010,000 |
5 |
3600 |
Discuss below or at Talk Irvine.
The OC Register had a post yesterday saying that Orange County apartment rents are projected to rise this year based on data from Marcus & Millichap.
Orange County apartment rents are projected to continue rising this year while the number of empty units will continue to fall, making the county the fifth-best apartment market for landlords in the nation in 2012, a market forecast concluded.
It’s the second year in a row that the Marcus & Millichap National Apartment Index ranked O.C. No. 5 out of 44 U.S. metro areas. The county’s apartment market also ranked third best out of seven California metros.
If the report is accurate, renters need to brace for an average increase of 4% in asking rents. And apartments will be harder to find, with just 3.9% of units expected to be empty by year’s end, the report said.
...
How did they do last year? Marcus & Millichap projected that O.C. asking rents would go up 3.7% to $1,535 per month in 2011. In fact, the average asking rent rose 2.7% to $1,515.
The brokerage was more accurate in its 2011 vacancy projection: It predicted that vacancies would fall to 4.4%, compared to an actual drop to 4.3%.
What do you think will happen to OC rents this year? What about Irvine rents? Anyone in the process of renewing a lease?
