My first time non move-up buyers are mostly around $1m +/- and most all of the $1.5m+ buyers are move-up buyers with lots of equity in their current homes.
Got word from escrow just now that we closed on the transaction. The sales price was $2,206,000 or $206,000 over the asking price, a Springhouse record sales price for any of the 3 models. Congrats to the buyer and seller.
Got word from escrow that the transaction closed this afternoon. The sales price was $1,320,000 however the buyer agent gave up 1.50% of the buyer agent commission to bring down the price (her son was the buyer) and the buyer provided a 5-week free rent back to the seller so the effective sales...
On Wednesday afternoon I listed a nicely renovated, turnkey Vista West Park Plan 1 home located in Westpark on MLS. The home features 3 upstairs bedrooms, 2.5 bathrooms, and has 1,868sf of living space and sits on a private 4,500sf corner lot with only 1 neighbor. The home is listed at...
My updated Shady Hollow Plan 2 single-story single story home in Northwood went Active on MLS earlier this morning. The home was built in 1979 and features 3 bedrooms and 2 full bathrooms along about 1,5,07sf of living space with a 4,850sf lot and has No HOA and No Mello Roos. The home is listed...
They ARE driving the market in Irvine today. When you see non-view, non-large lot homes closing for over $1,000/sf they are mostly purchased by cash buyers.
Yet over 50% of homes in Irvine today are purchased for all cash. Your bar chart means very little today unfortunately. Also, not all financed buyers are only putting 20% down.