Irvine Inventory
Jul 4th: 588 homes (chart)

Short Sale? It Will Be, Oakdale, Woodbridge, Irvine

Jul 1st, 2009 by IrvineRenter 

Not a short sale? Yes, if you raise your asking price enough, a sale would cover your mortgage debt. Now if you could only find a buyer….

Go check out an interview with me at the Irvine Homes Blog (Blogger: Irvine housing market nowhere near bottom).

56 Oakdale   Irvine, CA 92604  front 56 Oakdale   Irvine, CA 92604  inside

Asking Price: $729,000

Address: 56 Oakdale Irvine, CA 92604

The Great Housing Bubble

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The Rally is Dead, Lockford, Northpark, Irvine

Jun 18th, 2009 by IrvineRenter 

Rising interest rates will be the end of our Spring rally. Transaction volumes will fall first, and prices will fall later.

157 Lockford outside 157 Lockford kitchen 

Asking Price: $399,000

Address: 157 Lockford, Irvine, CA 92602

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Posted in Short Sale

2003 is Bust: Huntington, Northwood, Irvine

Jun 12th, 2009 by IrvineRenter 

2003 Rollbacks are the leading edge here in Irvine, and they are becoming much more common.

123 Huntington front 123 Huntington kitchen

Asking Price: $299,900

Address: 123 Huntington, Irvine, CA 92620

The Great Housing Bubble

Make sure you check out this post over at Huntington Homes.

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Posted in Short Sale

Fail to Foreclose

Jun 2nd, 2009 by IrvineRenter 

Due to the foreclosure moratoria, overwhelmed REO departments and a reluctance to take losses on bad loans, the foreclosure and disposition process is taking much longer than it should. In the interim, homedebtors facing foreclosures get to live rent-free in $1,000,000 properties.

25 Rose Trellis

Asking Price: $995,000

Address: 25 Rose Trellis, Irvine, CA 92603

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Posted in Short Sale

Move-Up Housing

May 27th, 2009 by IrvineRenter 

Move-up housing is not an equity appreciation play as most people think. True move-up housing is cashflow savings technique that will be in vogue again in a few years.

Today we have another condo in Orangtee rolling back to 2003 pricing.

294 Lemon Grv front 294 Lemon Grv kitchen

Asking Price: $299,000

Address: 294 Lemon Grove, Irvine, CA 92618

The Great Housing Bubble

Did you see the weekend post, HELOC Abuse San Clemente Style? Kelli Hart has a follow up on South Coast Homes.

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Subdivisions

May 26th, 2009 by IrvineRenter 

Not every neighborhood in Irvine is well planned. In fact, the section of El Camino Real between Yale and Jeffrey is rather poorly planned, and the property values suffer there as a result.

4882 Flagstar Cir front 4882 Flagstar Cir kitchen

Asking Price: $559,000

Address: 4882 Flagstar Circle, Irvine, CA 92604

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Posted in Short Sale

I Got Mine

May 25th, 2009 by IrvineRenter 

Once an owner has extracted every penny of equity and “put” the property to the bank, they don’t care anymore because they think, “I Got Mine.”

51 Lakeshore front

Asking Price: $450,000

Address: 51 Lakeshore #20, Irvine, CA 92604

The Great Housing Bubble

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Posted in Short Sale
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