[IHB] Inventory is Dwindling in Irvine
- Thread starter zovall
- Start date
NEW -> Contingent Buyer Assistance Program
I was about to comment on the mobile homes. They do show up in the stats.
USC- I went with the redfin stats on Saturday..Below 250 sounds is good news to current home owners, not so much for the new buyers.
What about the new homes?
That's another good sign.
What about the investors who bought foreclosures by dozens? Most were shacks in San Bernardino/ Palmdale/ lancaster area, but will this recovery help them stabilize too?
Great! Now wait for those on the sidelines to list :S
usctrojancpa
Well-known member
We are actually even lower than the numbers in the article...as of 10am we are at 293 active listings in Irvine. If you take out the new homes that are listed on MLS, we are down to 258 active listings. At this rate, we'll probably hit 200 +/- around Xmas/NYEs (usually the seasonal low period for listings).zovall said:
usctrojancpa
Well-known member
The low inventory issue is almost everywhere in OC. Aliso is at 63 active listings with about 85-90 sales per month so that's like a 3 week supply of inventory. I'm sure there has to be tens of thousands of potential for sale properties in Irvine so we are talking about a small fraction of a percent. Even in Vegas it's bad....in the zip code that may dad lives in there are 22 active listings versus 65 active listings last year at this time.Soylent Green Is People said:
cubiczirconia
New member
Soylent Green Is People said:
I was about to comment on the mobile homes. They do show up in the stats.
USC- I went with the redfin stats on Saturday..Below 250 sounds is good news to current home owners, not so much for the new buyers.
What about the new homes?
irvinehomeowner
Well-known member
Wow... low inventory in Vegas? I wonder what Larry is doing.
How is it in Riverside county?
How is it in Riverside county?
usctrojancpa
Well-known member
New homes are selling like hot cakes, especially San Mateo and Saratoga over in Stonegate (the entry level detached products). Las Ventanas is all sold out and I doubt you'd have a chance to buy a Lambert Ranch home if you aren't on the list by now.Cubic Zirconia said:
irvinehomeowner
Well-known member
I guess that's why IP is basically selling a box with a door... no old inventory... so new inventory sells.
cubiczirconia
New member
USCTrojanCPA said:
That's another good sign.
What about the investors who bought foreclosures by dozens? Most were shacks in San Bernardino/ Palmdale/ lancaster area, but will this recovery help them stabilize too?
usctrojancpa
Well-known member
Not sure about Riverside as I don't track that or have any clients looking to buy a home there, but my guess is there is low inventory over there as well. It's not just Irvine or OC, it's a lot of different markets throughout the US.irvinehomeowner said:
usctrojancpa
Well-known member
Where are you getting your data? I see 281 active listings on MLS right now.guava said:
irvinehomeowner
Well-known member
The IHB Irvine Home Inventory Chart:
http://www.irvinehousingblog.com/inventory/
http://www.irvinehousingblog.com/inventory/
cubiczirconia
New member
Redfin still shows 305.. What about those Irvine blvd mobile homes? Are they avpartof 299 too?
usctrojancpa
Well-known member
There's no better source than MLS...I mean that's where Redfin pulls it's data. Speaking of data, we are now down to 280. Hell, at this rate we might be down to 200 before the end of the month. hahaCubic Zirconia said:
cubiczirconia
New member
USCTrojanCPA said:
Great! Now wait for those on the sidelines to list :S