The Irvine CA real residential real estate market is crushed with hungry buyers gobbling up the current supply of homes for sale.
Irvine needs more homes for sale to satisfy the huge buyer demand.
Irvine now has a low 338 homes listed for sale (as of October 8, 2012) – a drop of 8.4 percent from last week.
196 Irvine homes were sold during the past 30 days – with average sold price of $693,1567.
176 of the sold Irvine homes have been under $1 million – 90 percent of the market! More for sale listings in this range are needed to keep buyers satisfied.
Irvine buyers, REALTORs®and real estate professionals, are seeing big buyer competition and multiple offers for homes and properties – some from all cash buyers.
Average market time for sale of Irvine homes – number of days it would theoretically take to sell all homes now on the market at current buying pace – is now at amazingly short and quick 1.4 months – which is more than three times faster the one year ago.
Irvine home buyers crushing the markets are making sellers happy with improved contract price and terms.
Irvine CA real estate now needs many more for sale home listings to feed buyer demand. More homes on this hot Irvine market would be good news for buyers and sellers.
This is for information only from CRMLS multiple listing service and is for homes sold by all brokers and agents.
Professional REALTOR® agent representationand help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.