Updated MLS Irvine Closed Sales

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Updated MLS Irvine Closed Sales through May 2010 at www.irvinerealtorsite.com.
(previous years are at tabs at the bottom)

- I show 212 closings for May, resale (6.8/day).
- Mortgage info has not been updated since the end of 2009.
If anyone would like to volunteer for some menial labor to look up/input the down payment info, I have the resources but not the time, currently. Contact me if interested.
- May's median price for Irvine is in at $562,500, down slighly from April's $565,500 mark.
- 48 were short sales (23% of total sales).
- 10 were REO sales (4.7% of total sales).

Closed lease info has been updated through May, as well.
208 leases, prices rising slightly to $1.57/sqft. average.

Case-Shiller Graph has been updated with the most recent data, as well.


Thank you again,
-IrvineRealtor
 
Darn, I got all excited when you wrote "CS graph", and thought maybe IPO had updated the Irvine-specific numbers.

Too bad it is the real CS index graph from S&P.

That said, I've been seriously lazy about updates lately too!
 
Updated MLS Irvine Closed Sales through June 2010 at www.irvinerealtorsite.com.
(previous years are at tabs at the bottom)

- I show 213 closings for June, resale (7.1/day).
- Mortgage info has still not been updated since the end of 2009.
I'm still trying to figure out how to give "some" of my access to info out without giving "all" of it out. Thank you IHO for offering.
- June's median price for Irvine is in at $587K, up from May's $562,500 mark.
- 50 were short sales (23% of total sales).
- 14 were REO sales (6.6% of total sales).

Closed lease info has been updated through June, as well.
247 leases, prices rising slightly again to $1.59/sqft. average.

There were 2777 MLS Orange County resales in June.
710 were short sales (25.6%).
357 were REOs (12.9%).

Case-Shiller Graph has been updated with the most recent data, as well.


It's summer vacation season.  I have a date with my secret fishing hole next week.
Here's hoping you all can get out and enjoy this beautiful weather,
-IrvineRealtor
 
Updated MLS Irvine Closed Sales through July 2010 at www.irvinerealtorsite.com.
(previous years are at tabs at the bottom)

- Much slower number of sales in July... I show just 165 closings, resale (5.3/day).
- Mortgage info has still not been updated since the end of 2009.
- July's median price for Irvine is in at $575K, down from June's $587K mark.
- 37 were short sales (22.4% of total sales).
- 13 were REO sales (7.9% of total sales).

Closed lease info has been updated through July, as well.
249 leases, prices rising slightly again to $1.62/sqft. average.

There were 2278 MLS Orange County resales in July.
613 were short sales (27.6%).
286 were REOs (12.6%).

Case-Shiller Graph has been updated with the most recent data, as well.

Run Zenyatta Run,
-IrvineRealtor
 
Updated MLS Irvine Closed Sales through August 2010 at www.irvinerealtorsite.com.
(previous years are at tabs at the bottom)

- Slower number of sales again in August... I show just 169 closings, resale (5.45/day).
- Mortgage info has still not been updated since the end of 2009, but IHO has graciously accepted the challenge of providing that insight. Thank you!
- August's median price for Irvine is in at $575K, unchanged from July's $575K mark.
- 32 were short sales (18.9% of total sales).
- 18 were REO sales (10.7% of total sales).

Closed lease info has been updated through August, as well.
278 leases, prices dipping slightly to $1.58/sqft. average as the tail end of Summer leasing season ends.

There were 2159  MLS Orange County resales in August.
480 were short sales (22.2%).
303 were REOs (14.0%).

Case-Shiller Graph has been updated with the most recent data, as well.

Thank you for your support,
-IrvineRealtor
 
Updated MLS Irvine Closed Sales through September 2010 at www.irvinerealtorsite.com.
(previous years are at tabs at the bottom)

- Slower number of sales again in September... I show just 161 closings, resale (5.36/day).
- Mortgage info has still not been updated since the end of 2009, but IHO is working on it. Thank you!
- September's median price for Irvine is in at $579K, up slightly from August's $575K mark.
- 31 were short sales (19.3% of total sales).
- 13 were REO sales (8.1% of total sales).

Closed lease info has been updated through September, as well.
184 leases, prices dipping holding at $1.58/sqft. average as the tail end of Summer leasing season ends.

There were 2201 MLS Orange County resales in September.
512 were short sales (23.3%).
314 were REOs (14.3%).

Case-Shiller Graph has been updated with the most recent data, as well.

Thank you again,
-IrvineRealtor
 
Updated MLS Irvine Closed Sales through October 2010 at www.irvinerealtorsite.com. - now tweeting and fb "like"-able :-)
(previous years are at tabs at the bottom)

- Much slower number of sales again in October... I show just 118 closings, resale (3.81/day).
- October's median price for Irvine is in at $517K, down significantly from August's $579K mark.
- 22 were short sales (18.6% of total sales).
- 13 were REO sales (11.0% of total sales).

Closed lease info has been updated through October, as well.
156 leases, prices still holding at $1.58/sqft. average as the Fall leasing season has begun.

There were 2030 MLS Orange County resales in October.
534 were short sales (26.3%).
309 were REOs (15.2%).

Case-Shiller Graph has been updated with the most recent data, as well.

Zenyatta should've broken earlier; she had it!
-IrvineRealtor
 
Updated MLS Irvine Closed Sales through November 2010 at www.irvinerealtorsite.com. - now tweeting and fb "like"-able :-)
(previous years are at tabs at the bottom)

- Number of sales picked up in November... 153 closings, resale (5.10/day).
- November's median price for Irvine back up to $584K.
- 22 were short sales (14.4% of total sales).
- 14 were REO sales (9.2% of total sales).

Closed lease info has been updated through November, as well.
186 leases, prices still holding at $1.57/sqft. average as the Fall leasing season has begun.

There were 1808 MLS Orange County resales in November.
441 were short sales (24.4%).
295 were REOs (16.3%).

Case-Shiller Graph has been updated with the most recent data, as well.

Thanks for all of the "like."
:-)

-IrvineRealtor
 
Updated MLS Irvine Closed Sales through December 2010 at www.irvinerealtorsite.com. - now tweeting and fb "like"-able :-)
(previous years are at tabs at the bottom)

- Number of sales held steady in December... 151 closings, resale (4.87/day).
- December's median price for Irvine dropped slightly to $574K.
- 25 were short sales (16.6% of total sales).
- 22 were REO sales (14.6% of total sales).

Closed lease info has been updated through December, as well.
177 leases, prices dropping slightly to $1.55/sqft. average as we move into winter.

There were 2229 MLS Orange County resales in December.
515 were short sales (23.1%).
445 were REOs (20.0%).

Case-Shiller Graph has been updated with the most recent data, as well.

My predictions for 2011:
1. Some will guess that the price of homes will go up, some will anticipate that the prices will go down, and others will prognosticate that the prices will stay flat.
2. Two of these groups will be incorrect.
3. The group that guessed correctly will be the most vocal.
4. Unfortunately, I do not know which will be which.
5. If I did, I wouldn't be publishing it.

What's next?...Time will tell... (hat tip, freedomcm)
:-)

-IrvineRealtor

P.S. If I were to gamble, I'd take the Ducks and the points.
 
Updated MLS Irvine Closed Sales through January 2011 at www.irvinerealtorsite.com. - now tweeting and fb "like"-able :-)
(2006-2010 are now at a separate link, as the file became too large to upload)

- Number of sales dropped in January... 115 closings, resale (3.71/day).
- Janurary's median price for Irvine dropped further to $565,900.
- 27 were short sales (23.5% of total sales).
- 10 were REO sales (8.70% of total sales).

Closed lease info has been updated through January, as well.
166 leases, prices increased to $1.60/sqft at the new year.

There were 1735 MLS Orange County resales in January.
476 were short sales (27.4%).
348 were REOs (20.1%).

Case-Shiller Graph has been updated with the most recent data, as well.

Pitchers and catchers report to camp on Sunday. Go Angels and Padres!
:-)

-IrvineRealtor

?People ask me what I do in the winter when there's no baseball. I'll tell you what I do. I stare out the window and wait for spring.?
?Rogers Hornsby
 
I'm struck that REO/short are now 47% of sales in irvine.

Isn't that a big jump recently?

~50% is what costa mesa has been all year.
 
freedomcm said:
I'm struck that REO/short are now 47% of sales in irvine.

Isn't that a big jump recently?

~50% is what costa mesa has been all year.
Click to expand...

That is 32% for Irvine & 47% for the rest of OC. But that number still feels high for Irvine.

IR, is that % rising for Irvine?
 
irvinehomeowner said:
Looking at IR2's past posts... shorts/REOs seems to hover around 28-30% for Irvine.
Click to expand...
That percentage would be lower if there weren't so many stubborn unmotivated sellers.
 
- January's median price for Irvine dropped further to $565,900.

Hi IR2, I noticed that Zillow median home price estimate for Irvine is $593,400. I know many don't trust zillow, but my two recent appraisals came out about $5000 more or less the zillow value so perhaps they are getting better?

What does a typcial detached 1600 sq ft condo in Irvine cost these days?  $565,900 or $593,400

 
Panda: Anecdotally..I saw one sell for around $600 in mid-2010, and then another in the same complex sell for about $70,000 less, comp-wise a couple of months ago. When I ran the numbers using the spreadsheet, there seems to be about a $50K drop in those units over the past year.
 
Panda said:
- January's median price for Irvine dropped further to $565,900.

Hi IR2, I noticed that Zillow median home price estimate for Irvine is $593,400. I know many don't trust zillow, but my two recent appraisals came out about $5000 more or less the zillow value so perhaps they are getting better?

What does a typcial detached 1600 sq ft condo in Irvine cost these days?  $565,900 or $593,400
Click to expand...

Here's a snapshot of the last 3 months of Irvine closings, detached condos only, 1500-1750sqft:

detachedcondos.JPG


-IR2
 
It looks like IR2 is putting down payment information on the spreadsheet again (I apologize, I tried to do it last year and got through 3 months and then fell off the train).

The number of high down and 100% down is amazing:
irvinerealtorsite.com said:
Average 49.32%
Median 35.50%
High 100.00%
Low -3.30% (strange negative down payment... might be a typo)
Click to expand...
In a down economy, high unemployment and tight credit... people are still paying 100% cash for homes... and not just lower priced homes, I counted 5 of them over $1m... one of them $4.9m.

Maybe TIC knows what they are doing... and the FCBs don't.
 
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