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Harrison K. Long's Blog

By Harrison K. Long | Broker in Irvine, CA

Irvine CA Real Estate Stays Hot With Big Buyer Competition


Competition to buy remains high
Irvine CA home sellers are experiencing solid competition between buyers.  This leads to more homes being sold quickly, fewer homes listed for sale and markets crowded with buyers – which favors sellers. 

Irvine CA home selling

Irvine CA is especially crushed with qualified and motivated home and property buyers.  

With about 214,000 residents, Irvine has 190,000 jobs – more number of jobs than number of residents over the age of 18.  Irvine has more jobs as compared with number of residents than any other city of its size in California. FOR SALE LISTINGS NEEDED

While Irvine is selling average of 186 homes per month this year 2012, it now has only 219 homes listed for sale – not enough to keep up with buyers – and average market time to theoretically sell all homes at that rate is hot at about 1.2 months. 

HOT HOME SELLING MARKET 

Average selling price of an Irvine home has been about $667,000 this year.  But very few properties remain on the market in this range of price – and average list price pushed up to twice that of the average sold price.     

This Irvine CA real estate market is hot with buyers and needs help from hesitating home sellers and more listings.  

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Orange County CA real estate deals and solutions – Harrison K. Long – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com - CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® 

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Source of some information is CRMLS.    

 

Contact us here about listing and sale of your Irvine or Orange County CA homes and real estate. 

Professional REALTOR® agent representation - help for property owners, private trust estate representatives, estate administrators, executors and heirs, 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.  

Comments

By Spirit Messingham,  Thu Dec 13 2012, 13:32
Good information, thank you.
By Harrison K. Long,  Thu Dec 13 2012, 14:45
Spirit ... Thanks for your comment, and I am glad to provide helpful information about the Irvine CA real estate market.
By Kawain Payne, Realtor, Notary,  Fri Dec 14 2012, 17:18
Great post. I love reading Positive Real Estate related news!!!!

Kawain Payne, Realtor
By Harrison K. Long,  Fri Dec 14 2012, 22:21
Kawain ... Thanks for checking in with your positive comment about my article on Irvine CA real estate market staying hot with buyer competition.
By Torang | Save $10,000's,  Wed Dec 19 2012, 12:13
Thanks for sharing

Have a great holiday
By Harrison K. Long,  Wed Dec 19 2012, 12:30
Torang ... Thanks for your comment. Merry Christmas and best wishes.

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