Apr 2nd, 2012
by Cubic Zirconia
When you ask people what matters most in the house they will buy, they will pick floor plan. If you ask me, there is one more decision to make before you set out to buy. Attached, detached or Single Family Residence. All Irvine villages offer the three choices. Today, we will compare three properties around the same square feet area in the village of Woodbury. One of them is an attached condominium that shares common wall with neighbors, and one of them is a detached condominium that doesn’t have any shared wall, and the other one is a single family residence.
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Mar 28th, 2012
by Sylvia Walker
Here is an updated list of the housing numbers for each Irvine neighborhood. Does anyone care to give an opinion on what these numbers mean?
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Mar 27th, 2012
by Cubic Zirconia
In the gated community of Corta Bella in Westpark where half of the housing inventory is rented, there are two identical two bedroom condominiums for sale. They would make good rental properties, or starter homes. In 2011, these homes had rented between $1900 to $2100 per month. Both have a two car garage on one floor, living/dining spaces and kitchen on another one, and bedrooms on the top floor. The community has a mix of 83% white collar, and 17% blue collar workforce with a median income of $95,883.
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Mar 19th, 2012
by Cubic Zirconia
Today we will review two identical properties in the Guard-gated village of North Park. Both of them have the same floor plan, same HOA dues, and same schools. But one of them is classified as an attached condo, and one of them is detached. One of them is a regular sale, and the other is a short sale by Bank of America. Which one would you buy? Let’s compare the properties side-by-side.
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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.
31 Kelsey is a 4 bedroom, 2.5ba detached home in the Kelsey Lane tract in Oak Creek.
Kelsey Lane is a tract in the southern most part of Oak Creek and is bounded by the 405, Sand Canyon Ave, Alton Parkway, and Valley Oak. Click the picture below for a closer view.
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Feb 27th, 2012
by Cubic Zirconia
Two properties that we will compare today have a lot in common. They have similar floor plans. They have the same square feet area. They are situated in two beautiful villages of Irvine. Their schools have the desirable range of API and test scores. Both have two Home Owner Association dues. The similarity doesn’t end here, they are both extremely close to ‘Eastern Transportation Corridor’. Shopping districts, proximity to freeways and hospitals is also a tie. Still, there is a price difference of $129,000. Which one would you buy?
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