IRVINE

 
Stonegate: San Mateo

    Stonegate is an Irvine Company Village located northeast of Woodbury bounded by Sand Canyon Avenue, Portola Parkway, Jeffrey Road, and Irvine Boulevard. Stonegate has easy access to Highway 133 which provides speedy access to I-5 and I-405. The entire Village is far enough from the major freeways to be very quiet, particularly locations distal from the bounding arterial streets. The only problems with traffic or noise comes from the steady stream to garbage trucks driving up Sand Canyon [Read More...]

 
Where are the high-end foreclosures?

Lenders have been slowing their acquisition of new REO since February. In fact, the decline in REO going back to the bank has been rather dramatic. CA – Foreclosure Outcomes Banks are also dramatically slowing the rate at which they put REO on the MLS. As a result inventories all over California have been declining. Banks are obviously planning to withhold inventory until the market bottoms. Expect to see a low-volume rally as the few qualified buyers are forced to [Read More...]

 
University Park prices fall below $300/SF

Irvine: University Park Overview Median home price is $451,000. Based on a rental parity value of $517,000, this market is under valued. Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis declined from $307/SF to $299/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $183 last month from $2,366 to $2,183. Rents have been [Read More...]

 
Turtle Rock still overvalued by historic norms

Irvine: Turtle Rock Overview Median home price is $905,000. Based on a rental parity value of $689,000, this market is over valued. Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased to $401/SF to $453/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $50 last month from $2,700 to $2,650. Rents have been [Read More...]

 
Northwood becoming undervalued as prices remain below $300/SF

Irvine: Northwood Overview Median home price is $448,000. Based on a rental parity value of $553,000, this market is under valued. Monthly payment affordability has been improving over the last 8 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $302/SF to $292/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $66 last month from $2,400 to $2,333. Rents have been rising [Read More...]

 
Turtle Rock prices continue to fall

Irvine: Turtle Rock Overview Median home price is $1,091,000. Based on a rental parity value of $600,000, this market is over valued. Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability. Resale prices on a $/SF basis increased to $401/SF to $439/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $166 last month from $2,700 to $2,533. Rents have been [Read More...]

 
Oak Creek down 7.6% and worsening

Irvine: Oak Creek Overview Median home price is $471,000. Based on a rental parity value of $478,000, this market is under valued. Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $316/SF to $311/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $183 last month from $2,200 to $2,016. Rents have been [Read More...]

 
Woodbridge nearly 30% undervalued

Irvine: Woodbridge Overview Median home price is $382,000. Based on a rental parity value of $553,000, this market is under valued. Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability. Resale prices on a $/SF basis increased to $295/SF to $299/SF. Resale prices have been falling for 11 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $33 last month from $2,300 to $2,333. Rents have been rising [Read More...]

 
Current trends in the OC housing market: 4-7-2012

The OC Housing News profiles properties for sale each day and presents current market data on each city in Orange County. If you really want to know what’s happening in the OC Housing market, you need to read the OC Housing news and subscribe to the our monthly newsletter. Redfin is the most popular real estate search site in Southern California. They track the most popular listings based on the number of views each receives. Below are some of the [Read More...]

 
Northwood resale prices continue to plummet

Irvine: Northwood Overview Median home price is $468,000. Based on a rental parity value of $576,000, this market is fairly valued. Monthly payment affordability has been improving over the last 7 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $302/SF to $290/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $33 last month from $2,400 to $2,433. Rents have been rising [Read More...]

 
Quail Hill prices down 7.8%

Irvine: Quail Hill Overview Median home price is $508,000. Based on a rental parity value of $580,000, this market is under valued. Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis declined from $342/SF to $329/SF. Resale prices have been falling for 9 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $98 last month from $2,548 to $2,450. Rents have been [Read More...]

 
Current trends in the OC housing market: 3-31-2012

The OC Housing News profiles properties for sale each day and presents current market data on each city in Orange County. If you really want to know what’s happening in the OC Housing market, you need to read the OC Housing news and subscribe to the our monthly newsletter. Redfin is the most popular real estate search site in Southern California. They track the most popular listings based on the number of views each receives. Below are some of the [Read More...]

 
3,000 SF for $2,544 per month in El Camino Real

Irvine: El Camino Real Overview Median home price is $420,000. Based on a rental parity value of $517,000, this market is under valued. Monthly payment affordability has been improving over the last 10 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased to $284/SF from $287/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $33 last month from $2,215 to $2,181. Rents have [Read More...]

 
Northwood prices continue to crumble

Irvine: Northwood Overview Median home price is $468,000. Based on a rental parity value of $576,000, this market is fairly valued. Monthly payment affordability has been improving over the last 7 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $302/SF to $290/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $33 last month from $2,400 to $2,433. Rents have been rising [Read More...]

 
Northpark prices falling at a 5.6% rate

Irvine: Northpark Overview Median home price is $559,000. Based on a rental parity value of $588,000, this market is fairly valued. Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis declined from $297/SF to $295/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $50 last month from $2,431 to $2,481. Rents have been rising [Read More...]

 
Current trends in the OC housing market: 3-24-2012

The OC Housing News profiles properties for sale each day and presents current market data on each city in Orange County. If you really want to know what’s happening in the OC Housing market, you need to read the OC Housing news and subscribe to the our monthly newsletter. Redfin is the most popular real estate search site in Southern California. They track the most popular listings based on the number of views each receives. Below are some of the [Read More...]

 
Woodbury prices fall and rents rise

Irvine: Woodbury Overview Median home price is $420,000. Based on a rental parity value of $647,000, this market is under valued. Monthly payment affordability has been improving over the last 3 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $310/SF to $304/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $83 last month from $2,650 to $2,733. Rents have been slowly [Read More...]

 
Woodbridge is nearly 30% undervalued

Irvine: Woodbridge Overview Median home price is $382,000. Based on a rental parity value of $553,000, this market is under valued. Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability. Resale prices on a $/SF basis increased to $295/SF to $299/SF. Resale prices have been falling for 11 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $33 last month from $2,300 to $2,333. Rents have been rising [Read More...]

 
West Irvine prices hover near rental parity

Irvine: West Irvine Overview Median home price is $418,000. Based on a rental parity value of $566,000, this market is fairly valued. Monthly payment affordability has been improving over the last 1 month(s). Momentum suggests unchanging affordability. Resale prices on a $/SF basis declined from $296/SF to $284/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $208 last month from $2,183 to $2,391. Rents have been [Read More...]

 
Current trends in the OC housing market: 3-17-2012

The OC Housing News profiles properties for sale each day and presents current market data on each city in Orange County. If you really want to know what’s happening in the OC Housing market, you need to read the OC Housing news and subscribe to the our monthly newsletter. Redfin is the most popular real estate search site in Southern California. They track the most popular listings based on the number of views each receives. Below are some of the [Read More...]

 
Turtle Rock median spikes as expensive homes sell

Irvine: Turtle Rock Overview Median home price is $1,839,000. Based on a rental parity value of $600,585, this market is over valued. Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability. Resale prices on a $/SF basis increased to $401/SF to $439/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $166 last month from $2,700 to $2,533. Rents have been [Read More...]

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