Irvine Inventory
Jul 4th: 588 homes (chart)

Look What Happens When Inventory is Low, Inglenook, Northpark, Irvine

Jun 17th, 2009 by IrvineRenter 

Any increase in pricing brings delusional sellers out of hiding. They put their properties on the market at WTF price levels and hope to hit the lottery.

12 Inglenook front 12 Inglenook kitchen

Asking Price: $1,149,000

Address: 12 Inglenook, Irvine, CA 92602

The Great Housing Bubble

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The Crooked House, Del Italia, Westpark, Irvine

Jun 16th, 2009 by IrvineRenter 

There was a crooked man and he walked a crooked mile,
He found a crooked sixpence upon a crooked stile.
He bought a crooked cat, which caught a crooked mouse.
And they all lived together in a little crooked house

4 Del Italia inside 4 Del Italia kitchen

Asking Price: $679,900

Address: 4 Del Italia, Irvine, CA 92614

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FSBO Needs Help on Camphor, University Park, Irvine

Jun 9th, 2009 by IrvineRenter 

You don’t need a realtor to sell property. If you know how to market and negotiate, you can do most of the work yourself; however, if you are not skilled in these areas, perhaps a little help might be in order.

3 Camphor S front 3 Camphor S back

Asking Price: $440,000

Address: 3 Camphor S, Irvine, CA 92612

Check out an interview with me at Matt Padilla’s blog, Foreclosure is the ‘cure’.

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Busy Being Fabulous

Jun 5th, 2009 by IrvineRenter 

I am always amazed at the asking prices in Turtle Ridge. There are REOs and defaults everywhere and prices rolling back under $1,000,000 on high end properties, and yet there are owners like today’s who think their properties have appreciated 40% since they bought at the peak in 2006. WTF?

28 WOODS Trl front 28 WOODS Trl kitchen

Asking Price: $2,688,000

Address: 28 Woods Trail, Irvine, CA 92603

The Great Housing Bubble

BTW, Kelli Hart has an interesting post at South Coast Homes on the house in San Clemente falling off a cliff, and Matt Padilla has a great post on the impact of HELOC abuse on the foreclosure market. Check them out.

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Falling Starland

May 29th, 2009 by IrvineRenter 

Prices are still falling, and wise owners with equity are getting out while there is still some bubble equity left. There are not many of these people, but their movement against the masses of the kool aid intoxicated will give them greater profits than those that “wait and see.”

119 Fallingstar inside 119 Fallingstar kitchen

Asking Price: $299,567

Address: 119 Fallingstar, Irvine, CA 92614

The Great Housing Bubble

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Big Balls

May 19th, 2009 by IrvineRenter 

One advantage of a big house is entertaining guests in a fancy ballroom. When buyers wonder why the asking price is so high, owners can say, “because I have big balls.”

5 New Dawn front 5 New Dawn ballroom

Asking Price: $1,998,518 

Address: 5 New Dawn, Irvine, CA 92620

BTW, if you want to see some of the biggest balls in Orange County, check out the new Coto Housing Blog, and check out this HELOC abuse case in San Clemente.

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I Gotta Wear Shades

May 15th, 2009 by IrvineRenter 

Turtle Ridge is the only place in America where people actually believe their properties have appreciated 60% since late 2004. The sun is shining on Shady Lane.

27 Shady Ln

Asking Price: $2,200,000

Address: 27 Shady Lane, Irvine, CA 92603

The Great Housing Bubble

My guest blogging at Irvine Homes continues with Irvine neighborhood profile: University Park.

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