Closed Sales from 11/22/2012 to 11/28/2012

Nov 30th, 2012 by nilam 
Date Sold Address Zip Tract Sold Price Beds Sq Ft
Airport Area          
11/22/12 2324 Scholarship 92612 Avenue One $390,000 2 1034
11/26/12 1236 Scholarship 92612 Avenue One $274,900 2 1037
11/28/12 2233 Martin 106 92612 Metropolitan $240,000 1 934
             
Columbus Grove          
11/27/12 1229 Abelia 92606 Savannah $290,000 1 1310
             
El Camino Real          
11/26/12 77 Heritage 50 92604 Heritage Park $485,000 3 1608
11/28/12 14902 Laurelgrove Cir 92604 Willows $545,000 4 1156
             
Northwood          
11/28/12 432 Monroe 103 92620 Timberline $465,000 3 1491
             
Oak Creek            
11/26/12 511 Birch Grv 92618 Oak Park $295,000 1 900
             
Portola Springs          
11/26/12 40 Cienega 92618 Other $322,000 1 1200
11/26/12 168 Pathway 92618 Primrose $564,812 3 1739
             
Stonegate          
11/27/12 207 Mayfair 92620 Santa Maria $525,000 2 1483
             
Turtle Ridge          
11/28/12 31 Crimson Rose 92603 Ledges $1,775,000 5 3091
             
Turtle Rock          
11/26/12 28 Valley Vw 22 92612 Vista (Turtle Rock) $580,000 4 3000
11/26/12 2 Charity 92612 Concordia $1,180,000 4 2500
             
University Town Center          
11/22/12 26 Oxford 24 92612 Cambridge Court $400,000 2 1020
             
Walnut            
11/27/12 14 Nevada 92606 Cambridge $869,900 5 2900
             
West Irvine          
11/26/12 18 Red Coat Pl 92602 Heritage $755,000 5 2300
             
Westpark            
11/27/12 1 La Ronda 92606 Brindisi $550,000 3 1085
             
Woodbridge          
11/26/12 41 Woodleaf 92614 Alders $330,000 2 1140
11/27/12 4 Greenfield 19 92614 Alders $329,000 2 1269
11/27/12 121 Eastshore 16 92604 Estates $664,000 4 2156
11/28/12 12 Briarwood 67 92604 Glen (WB) $350,000 3 1200
11/28/12 31 Firwood 92604 Villager $260,000 2 1000
11/28/12 14 Springwater 68 92604 Townhomes $501,000 3 1500

Discuss at Talk Irvine: http://www.talkirvine.com/index.php/topic,3346.0.html


Posted in News

Open House Review: 51 Carver

Nov 29th, 2012 by Karen 

When I hear “original owner,” I usually expect a home that looks and feels its age.  In 51 Carver, I was pleasantly surprised to find a house in very good condition.

The basics:
Asking Price: $700,000
Bedrooms: 4
Bathrooms: 3
Square Footage: 2,077
Lot Size: 4,750
$/Sq Ft: $337
Days on Market: 9 
Property Type: Single Family Residence
Year Built: 1979
Community: Northwood – Shadow Run

There are no HOA dues or Mello Roos taxes.

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Posted in Real Estate Analysis

Are Rents Rising in Orange County and Irvine?

Nov 28th, 2012 by Sylvia Walker 

“The problem with sales volume is that most homeowners just don’t want to sell. And why would they? Most sellers believe prices will only get better over the next two years.”—Glenn Kelman, CEO Redfin.com

“Foreclosed houses—which once made up almost half of all Orange County homes sales—made up just a tenth of such sales last month.

“And even fewer foreclosures are likely in the coming years…

“The result is a greater portion of pricier homes selling at the height end, coupled with hefty price hikes at the low- and mid-ranges of the market.”— Jeff Collins and Jonathan Lansner 

”First-time homebuyers are being squeezed out of the market by falling inventory and the rapid influx of investors looking to buy basic homes to rent out to the growing population of people who are recently been foreclosed upon.”—Stan Humphries, Zillow chief economist

All the reasons listed above are leading to a lack of home buying options in Orange County, at least for those who want to buy a home to live in instead of as an investment. And this lack of options explains, at least partially, why rents are climbing in Orange County. Laura Khouri, president of Western National Property Management, states that improved employment and a drop in construction of multifamily buildings are additional factors.

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Posted in News

Open House Review: 38 Lakeshore

Nov 27th, 2012 by SMS 

Comparing 3 Woodbridge Condos      
38 Lakeshore $709,000

Woodbridge condominiums come in many flavors.  Recently, I sampled three: at 35 Waterway, 26 Summerwind, and most recently, 38 Lakeshore.

The condo at 35 Waterway cost the most and offered a plush lagoon setting with an equally sleek interior.  The condos on Summerwind and Lakeshore were closer to each other in price. But they offered two different flavors.

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Posted in Real Estate Analysis

Priced to Sell?

Nov 26th, 2012 by Cubic Zirconia 

This West Irvine property is ready to be sold at $878,800 thirteen years after being bought at $402,500. The property is well maintained going by the MLS pictures, and the location is good. The schools – Myford Elementary School, Pioneer Middle School and Beckman High School all have excellent parent ratings and test scores, and a perfect 10 API.  The listing price is $283/SF at a time when rest of the Irvine is crossing the $350/SF mark and heading towards $400/SF.

2 Ivy Lane, Irvine CA 92602

Listing Price: $878,800
Beds/Bath: 4 Beds/ 3 Baths
Area: 3,100 SF
Price/ SF: $283/SF
Lot Size: 5,135SF
Builders Tract Name: Briarwood
Builders Tract Code: BRIW
Builders Model Code: 3


Is it a good deal, or is the property just keeping with rest of the West Irvine neighborhood prices?

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Posted in Real Estate Analysis

Closed Sales from 11/15/2012 to 11/21/2012

Nov 25th, 2012 by nilam 
Date Sold Address Zip Tract Sold Price Beds Sq Ft
El Camino Real          
11/15/12 1 Snowberry 10 92604 Deerfield Townhomes $345,000 3 1252
11/21/12 15301 Seine Cir 92604 Ranch $695,000 4 2018
             
Northpark            
11/15/12 64 Chula Vis 95 92602 Monterey $397,700 3 1510
11/16/12 28 Bonsall 124 92602 Monterey $436,000 3 1510
             
Northwood          
11/15/12 171 Kingswood 86 92620 Arden Square $630,000 3 1800
11/16/12 22 ATHERTON 92620 Sheffield Manor $400,000 3 1668
11/16/12 13781 Solitaire Way 92620   $646,000 3 2257
11/16/12 21 Blossom 92620 Bella Rosa $835,000 4 2630
11/19/12 6 W Campanero 92620 Park Paseo $725,000 3 1910
11/19/12 18 Glenhaven 92620 Mayfield $1,338,000 6 3700
11/21/12 4022 Escudero Drive 92620 Racquet Club $576,500 4 2344
             
Oak Creek            
11/21/12 16 Alevera Street 92618 Aldea $605,000 4 1500
             
Portola Springs          
11/15/12 38 Seedling 92618 Las Ventas $680,000 4 2075
11/16/12 36 Cienega 92618 San Carlos $292,500 1 1126
11/19/12 58 Cienega 92618 San Carlos COURT $390,000 2 1621
             
Quail Hill            
11/15/12 36 DUET 92603 Sage $596,000 4 1500
             
Rancho San Joaquin          
11/16/12 17 Cerrito 9 92612 RSJ Townhomes $485,000 2 1507
11/17/12 5 Lago Sud 92612 RSJ Townhomes $462,000 2 1507
             
Stonegate East          
11/20/12 28 Deergrass 92618 Capistrano $608,500 3 1823
             
Turtle Ridge          
11/19/12 123 Canyoncrest 92603 Chantory $700,000 3 1495
             
Turtle Rock          
11/16/12 5 Morning Glory 92603 Ridge Townhomes Peters $1,000,000 3 2036
11/16/12 1 Mira 92603 Crest - Akins $1,028,000 3 2630
11/19/12 10 Baristo 92612 Pointe - Turtle Rock $842,800 3 2104
11/20/12 12 Morning View 92612 Ridge Townhomes Peters $820,000 3 2412
             
University Park          
11/15/12 7 Redwood Tree Ln 92612 Village III (Village Park) $635,000 4 2194
11/15/12 4641 Green Tree Ln 92612 Village III (Village Park) $685,500 4 2190
11/17/12 11 Hawthorn 92612 Terrace $565,000 3 1553
11/19/12 51 Oak Tree Ln 92612 Village III (Village Park) $612,000 3 2050
11/19/12 4055 Germainder Way 92612 Village I $530,000 3 1550
             
West Irvine          
11/19/12 37 Langford 92602 Sheridan Square $780,000 4 2698
             
Westpark            
11/19/12 10 Alcamo 92614 Vista West Park $740,000 4 1950
11/20/12 11 Festivo 92606 Cortina $665,000 3 2000
11/21/12 22 Marbella Aisle 12 92614 Tiempo $325,000 2 890
             
Woodbridge          
11/15/12 34 Claret 92614 Other $405,590 2 1230
11/16/12 61 Summerstone 92614 UNKNOWN $385,000 3 1511
11/16/12 13 Springwater 61 92604 Townhomes $500,000 2 1296
11/16/12 3 Woodland Dr 92604 Park Homes $540,000 3 1681
11/18/12 49 Meadowgrass 92604 Villager $300,000 3 1220
11/20/12 10 Bluejay 92604 Patio Homes (WB) $740,000 4 2300
11/20/12 9 Rockwood 92614 -- $425,000 2 1000
11/21/12 30 Springacre 92614 Chateaux $399,000 2 1236
             
Woodbury          
11/16/12 72 Canal 92620 Cachette $575,000 3 1580

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3333.0.html


Posted in News

Open House Review: 33 Sonrisa

Nov 23rd, 2012 by Karen 

Canyon Creek is a beautiful, gated community, featuring some of Northwood’s biggest homes and nicest floor plans.  In 33 Sonrisa, I found a home with a great layout and a lot of potential, but definitely in need of some TLC.

The basics:
Asking Price: $858,000
Bedrooms: 4
Bathrooms: 3
Square Footage: 2,800
Lot Size: 6,240
$/Sq Ft: $306
Days on Market: 27 
Property Type: Single Family Home
Year Built: 1980
Community: Northwood, Canyon Creek

HOA dues are $150 per month and there are no Mello Roos taxes.

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Posted in Real Estate Analysis
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