Listing inventory of homes for sale at ORANGE COUNTY CA REAL ESTATE has dropped to lowest number since June 2005.

Orange County CA now have current active listing inventory of 5,883 – according to CRMLS.

Highest point was June 2011 – when Orange County had 11,388 homes for sale on the market – so homes for sale inventory has been cut almost in half.

Homeowners who want to sell should get their properties ready and listed now and as soon as possible – being smart to price homes correctly to sell in this market. 

Irvine CA real estate and home selling maintains a solid pace – even with only 444 homes listed for sale – with average listing price of above $1 million.  279 Irvine homes went into backup or pending during the past 30 days – so average market time – the time it would theoretically take to sell all homes on market at this pace – is less than two months – and favors sellers. 

Woodbridge Irvine home – $1,060,000 listing price – 4 bedrooms and 3 baths - MLS# S696408 – IDX link

Source of information is ReportsOnHousing.com and CRMLS multiple listing service.

Professional REALTOR® agent representation - help for property owner/sellers, private trust estate representatives, estate administrators and executors, 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 real estate

Posted via email from Explore OC Homes

Turtle Ridge at Irvine CA – where residents and property owners are happy about communities with best of public schools, good jobs with career opportunities at private companies, some of the best weather anywhere, the University of California at Irvine, public libraries, places of worship, and excellent parks and biking trails.

People like Turtle Ridge Irvine for its hills ambiance, the quiet, views toward Newport Coast and the ocean, gated privacy, public parks, excellent schools, and some of the beautiful luxury homes in Orange County.

Brokers, Realtors and real estate professionals, have sold 26 Turtle Ridge homes so far this year – average sold price of $1,101,906 – which is average of 6.5 homes sold per month.

Turtle Ridge has 15 homes now in backup and pending status – some of these are short sales.

Turtle Ridge Irvine now has 28 homes listed for sale on the MLS – ranging from magnificent La Cima estate home with ocean view at $3,988,000 – to an Ashton Green condominium home at $425,000 – all with average asking price is $1,691,639.

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Source of some information is CRMLS and IDX link – does not include that for new homes for sale or sold, those at trustee auctions after foreclosure, and includes those listed and sold by all agents and brokers.

Professional REALTOR® agent representation – help for property owner/sellers, private trust estate representatives, estate administrators and executors, 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 Turtle Ridge Irvine and Orange County CA real estate

Posted via email from Explore OC Homes

Foreclosure properties are selling so fast at Orange County CA that average selling time for REOs – after lenders buy the properties at trustee auctions and list for sale again – is 18 days.

‎There are only 304 foreclosure REO lender owned homes now listed for sale at Orange County – this market needs more inventory to keep buyers happy.

Irvine CA – REO listings

Newport Beach CA – REO listings

Laguna Beach CA – REO listings

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Contact us about Orange County CA homes and real estate. 

Source of some information is ReportsOnHousing.com – and link to CRMLS - does not include that for new homes for sale or sold, those at trustee auctions after foreclosure, and includes those listed and sold by all agents and brokers.

Professional REALTOR® agent representation - help for property owner/sellers, private trust estate representatives, estate administrators and executors, 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 Turtle Rock Irvine and Orange County CA real estate

Posted via email from Explore OC Homes

Crystal Cove at Newport Coast CA real estate offers glamour, lots of privacy and Pacific ocean blue water views and ambiance.

Newport Coast is a special place – with spectacular and panoramic ocean views from many of the homes and residential communities.

52 Newport Coast CA homes have sold so far this year since January 1 2012 – average sold price of $2,359,455

 Crystal Cove Listings

Pelican Hill listings

Costa Azul listings

Newport Coast single family home listings

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Contact Us about Crystal Cove and Newport Coast CA homes and real estate. 

Source of some information is CRMLS and IDX link – does not include that for new homes for sale or sold, those at trustee auctions after foreclosure, and includes those listed and sold by all agents and brokers.

Professional REALTOR® agent representation - help for property owner/sellers, private trust estate representatives, estate administrators and executors, 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 Turtle Rock Irvine and Orange County CA real estate

Posted via email from Explore OC Homes

Residents of Irvine CA have lots to be happy about – communities with best of public schools, jobs with good companies in private industry, some of the greatest weather anywhere, the University of California at Irvine, public libraries, places of worship, and lots of parks and biking trails.

Turtle Rock Irvine residents are especially happy about the area’s attractiveness, hills with views, public parks. swimming pools and tennis courts, private HOA communities, two excellent elementary schools, hiking trails, and some of the nicest neighborhoods and homes in Orange County.

25 Turtle Rock Irvine homes have sold so far this year (through April 23, 2012) with average sold price of $856,850.

26 Turtle Rock homes sold during the same time last year – with average sold price of $886,207.

So Turtle Rock real estate sales and selling prices have remained stable from last year to this year.

43 Turtle Rock homes are now listed for sale at Irvine CA real estate – with average asking price of $1,065,923.

With current inventory of homes for sale, average time on market to sell all homes would be about 5 months, which is balanced and not favoring buyers or sellers.

TURTLE ROCK IRVINE – single family home listings

TURTLE ROCK IRVINE – condo home listings

Contact Us – at 949-854-7747 – about listing and sale of Turtle Rock at Irvine CA homes and real estate.

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Source of some information is CRMLS and IDX link – does not include that for new homes for sale or sold, those at trustee auctions after foreclosure, and includes those listed and sold by all agents and brokers.

Professional REALTOR® agent representation – help for property owner/sellers, private trust estate representatives, estate administrators and executors, 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 Turtle Rock Irvine and Orange County CA real estate

Posted via email from Explore OC Homes

Shady Canyon at Irvine has been a prized area for exclusive estate homes and private golf course since its development about 8 years ago.

14 of Irvine's most expensive homes have sold at Shady so far this year since January 1, 2012.

22 Vernal Spring – Sycamore home sold at Shady for $2,200,000

44 Blue Heron – Shady Canyon custom estate home – sold for $12,800,000 – highest price for an Irvine CA home sold during the past year

Average sold price for homes at Shady Canyon Irvine so far this year has been $4,245,000.

SHADY CANYON AT IRVINE – HOME LISTINGS

Contact Us – at 949-854-7747 – about listing and sale of Shady Canyon at Irvine CA homes and real estate.

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Source of some information is CRMLS and IDX link – does not include that for new homes for sale or sold, those at trustee auctions after foreclosure, and includes those listed and sold by all agents and brokers.

Professional REALTOR® agent representation – help for property owner/sellers, private trust estate representatives, estate administrators and executors, 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 Shady Canyon Irvine and Orange County CA real estate

Posted via email from Explore OC Homes

Irvine CA real estate has sustained a huge drop in number of homes for sale listing inventory.

Buyers at Irvine now have more competition - it’s harder for buyers in this market.

Irvine now has 482 homes listed for sale – as of April 15, 2012 – compared with 790 listed for resale same time last year during 2011.

Average list price of Irvine homes is now about $1.1 million.

243 of the 481 Irvine homes (about 50 percent) now listed were built after 2000 – during the past 12 years.

• Average list price on those Irvine homes listed and built after 2000 – is $1.400,750.
• Average list price on those Irvine homes listed and built before 2000 – is $700,383.

74 of the Irvine homes now listed are short sales - 15.4 percent of Irvine market – as compared with more than 25 percent short sales listed at Orange County CA real estate.

275 Irvine properties went under purchase contract during the past 30 days – according to CRMLS – there are now 280 Irvine homes in backup on MLS – and another 288 under pending status – so 566 Irvine homes are now listed as under purchase contracts.

Average market time to theoretically sell all Irvine homes at this rate is 1.75 months – short market time favoring sellers (as compared with 2.9 months average market time one year ago April 2011).

Irvine CA real estate market has lots of buyers and not enough sellers.

Irvine CA current home selling market pressure favors sellers – people who want to sell their properties should get them ready and on the market now as soon as possible to capture buyer interest.

Home owner/sellers at Irvine need to understand – current 4 percent purchase money loan rates has brought more buyers into the market – those amazingly low loan rates aren’t here to stay – when rates go up – number of buyers will decrease, and it will be more challenging to sell your property.

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Information here is from CRMLS and ReportsOnhousing.com by Steven Thomas – is for information only and not the providing of legal or tax services.

Posted via email from Explore OC Homes

California government has money and budget challenges – and is expected to crack down next year – for tax year 2012 – on property tax payers who have been taking the entire amount they pay (including Mello-Roos and special assessments) as deduction from California state income taxes.

Starting with 2012 tax bill (the one due in April 2013), the CA state Franchise Tax Board (re income tax) will require property owners to break down their property taxes into deductible and non-deductible portions.

So property owners who have been deducting their Mello-Roos fees and school bond fees paid (which are sometimes very large in amount) will no longer be able to deduct those or any other special assessments, such as vector control or mosquito abatement.

This change in policy by California Franchise Tax Board is important for some California property owners.  Many home developments at South Orange County had public amenities paid through Mello-Roos bond districts.

Home and property owners will not be able to use these special assessment payments as CA state income tax deductions starting for this tax year 2012 – for California income tax filings starting January 1, 2013.

California property buyers and owners should consult with an experienced income tax professional or attorney about their own situation – possible CA income tax deductibility for buying and owning real estate in California.

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This is for information only and not the providing of legal or tax services.  If you are a California property buyer or owner, you should consult with an experienced income tax professional or attorney about your own situation – buying and owning real estate in California.

Posted via email from Explore OC Homes

That’s 26.4 percent of the 496 Irvine homes sold so far this year.

156 Irvine short sales are now in backup on the MLS – and another 91 short sales are now in pending sold status.

Woodbridge Irvine – short sale listings

Woodbury Irvine – short sale listings

63 Irvine short sales are now listed for sale – See Irvine CA – short sale listings - which include those in backup and pending status on MLS 

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Source of information is CRMLS, and IDX link to MLS, includes those sold by all brokers and agents and does not include those sold at trustee auctions after foreclosure.  

Posted via email from Explore OC Homes

Buyer demand is solid at Orange County CA real estate – and it should inspire seller confidence.

Realtors and brokers resold 2,576 Orange County CA homes last month during March 2012 – with average sold price of $511,908.

That’s sold volume up 10.7 percent as compared with March 2011 – when 2325 homes were sold.

442 of those sold homes were REOs – or 17 percent of market.

629 of those sold were short sales – or 24 percent of that market.

So 41 percent of sold homes at Orange County during March this year were distressed properties (either REO or short sales).

According to Steven Thomas at “Reports On Housing” the Orange County home buyer demand is up – with pending sales during March 2012 up.

East Costa Mesa listings

And if we had a better supply of homes for sale, number of pendings would be up even further.

Irvine single family home listings

It’s a matter of time now – until this buyer pressure and demand for homes will result in home selling prices to go up.

Corona del Mar listings

Eastbluff Newport Beach listings

Huntington Beach listings

Laguna Beach – south Laguna listings

Newport Coast listings

Turtle Rock Irvine listings

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Source of information is Steven Thomas – ReportsOnHousing.com – CRMLS, does not include trustee auctions sales or new homes, and does include homes listed and sold by all brokers and agents.

Posted via email from Explore OC Homes