Inventory

NEW -> Contingent Buyer Assistance Program
<p>In my neighborhood, half the homes that were for sale six months ago are no longer on the market.</p>

<p>At least three of them aren't on the market because they are now the property of the bank via REO.</p>
 
Inventory has declined yet again.

Date 4/1/07 5/1/07 6/1/07 7/1/07 8/1/07 9/1/07 10/1/07 11/1/07 12/1/07

Aliso Viejo 324 371 406 421 474 487 485 463 414

Irvine 1046 1096 1205 1239 1254 1235 1162 1139 1060

Laguna Niguel 498 542 574 589 600 608 612 551 513

Mission Viejo 866 951 1023 1036 1029 1006 985 963 931



Total 2734 2960 3208 3285 3357 3336 3244 3116 2918
 
<p>Holiday real estate doldrums are more myth than reality these days</p>

<p><a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/02/RETATLELJ.DTL">http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/02/RETATLELJ.DTL</a></p>

<p>"That's the rule of thumb: don't bring a house on the market over the holidays," said Lamisse Droubi, who works with a team of agents at Coldwell Banker in Noe Valley. "People are very distracted - they have parties to go to, family to visit and people are out of town."</p>

<p>Droubi says she often counsels sellers to pull their homes off the market for the holidays.</p>

<p>"The reality is that if you've been on the market since September and marketed the property through the entire fall, it needs a rest," Droubi said. "If you don't take it off and just market right through the holidays, it gets pretty tired. If you actually pull it off and put it back on again in January or February, there's a new surge of momentum."</p>
 
<p>I talked to a broker who specializes in the Coto/Dove area just today and she said she has advised all her clients to pull their houses off the market, at least until after the holidays, unless they absolutely HAVE to sell. Of 17 listings 9 are currently "hold do not show" status, I'm guessing they will all eventually end up back on MLS</p>

<p>Interesting advice IMO </p>

<p>I can see how it might be good for her, since she can then BS potential buyers with nonsense about inventory dropping; but I fail to see how pulling a house off the market, while prices continue to drop, is much of a plan for anyone who has any desire to sell a property in the near future. </p>

<p> </p>
 
<p>Ah, but you're forgetting the first sentence of the article ...</p>

<p>"The 5 1/2 weeks between Thanksgiving and New Year's used to be a time for agents, brokers and others in the real estate industry - at least the ones who have had a good year - to pack their bags and head to the Caribbean."</p>
 
I don't know that I would want to bust my ass for 9 people who aren't really ready to sell at market price either. The remaining 8 homes may provide fewer listings, but it also would allow me to give more attention to selling those few in a market where buyers are scarce.
 
Irvine hit below 1000 (999 to be exact)) listings today

Wonder how many have been taken off the market in last 3 months?



Your thoughts?
 
<p>I had been worrying about the declining inventory, knew it was supposed to be seasonal, but still, what if it meant the continued housing decline forecasts were wrong?</p>

<p>However, looking at Redfin.com recently, it seems like the green dots of homes for sale are back up - 92603 looks like a case of the green measles, so not worried anymore. Did a whole lot of people list after Jan 1st or something? What's the inventory number now?</p>
 
<p>I guess Irvine really is different...</p>

<p>Irvine has 20 less homes on the market vs. a year ago when county-wide there is 25% more inventory listed year-over-year.</p>
 
Active inventory in the MLS, as of now, for Irvine is 891. Of the 891 listings, 36 are new homes in PS, WD, and the Plaza, being offered by the builder. 14 are new custom homes in Shady Canyon. 119 are short sales and 22 are REOs. The short sale and REO numbers are actually a little higher, because some listings haven't been input, as such.
 
Active listings are the ones in the MLS that are available to show and sell. I just went to our local MLS system (Tempo) and called up all active listings in Irvine. The front page of this web site (Irvine Housing Blog) lists the Irvine inventory as 916, which I assume is higher than the MLS, because some new homes are not inclued in our MLS. I can't say why the other sites are different. I know realtor.com includes rentals, so maybe that is the difference. The 891 comes from the official site that all realtors use.
 
I just checked Realtor.com. I pulled up a number of 1,350 for Irvine. Of this, 317 were rentals and 26 were mobile homes. There were also some homes outside of Irvine, included in that number. I don't know why, though? On just the first page, homes in Hemet and El Monte were listed. Realtor.com uses our MLS as it's source.
 
<p><a title="Permanent Link: O.C. home supply at 11-month low" rel="bookmark" href="http://lansner.freedomblogging.com/2008/03/24/oc-home-supply-at-11-month-low/">O.C. home supply at 11-month low</a></p>

<p><a href="http://lansner.freedomblogging.com/2008/03/24/oc-home-supply-at-11-month-low/">http://lansner.freedomblogging.com/2008/03/24/oc-home-supply-at-11-month-low/</a></p>

<p>







<th>Slice</th>

<th>Listed</th>

<th>Deals</th>

<th>Months</th>

<th>2 wk. ago</th>

<th>Yr. ago</th>





All O.C.

15,617

2,083

7.50

8.14

6.09





•$0-$500k

7,066

1,096

6.45

7.31

5.60





•$500-750k

4,113

569

7.23

7.62

5.57





•$750k-1m

1,753

221

7.93

8.33

5.87





•$1-1.5m

1,236

116

10.66

11.17

6.64





•$1.5-2m

671

54

12.43

11.28

7.62





•$2-4m

781

46

16.98

16.19

12.49





•$4m+

265

15

17.67

18.07

14.00







</p>
 
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