Market Sales Updates

Courtesy of Irvinexpat

Closed sfrs last 30 days: 42

address area tgn sale prc bd/bt sqft

29 Marsala Irvine/ Westpark 860C3 $540,000 3 2 1100

WTF Winner — $100K off asking

12 Woodland Drive Irvine/ Woodbridge 860D4 $550,000 3 2.5 1655

4 Terracima Irvine/ Northwood 830H7 $614,500 3 2.5 1549

30 Le Vanto Irvine/ Westpark 860C3 $590,000 3 3 1300

30 Appomattox Irvine/ Northwood 860H2 $613,600 3 2.5 1504

14871 Larkspur Circle Irvine/ El Camino Real 860G3 $580,000 4 2 1400

9 South Cherry Irvine/ University Park 860E7 $655,000 3 2 1550

14592 Sweetan Street Irvine/ El Camino Real 860H3 $640,000 3 2 1482

4052 Williwaw Drive Irvine/ Northwood 830G7 $687,000 4 2 1640

19 Sweet Rain Irvine/ Woodbridge 860D5 $685,000 3 2.5 1571

40 Finisterra Irvine/ Westpark 860B5 $685,000 3 2 1353

1 Wintersweet Way Irvine/ University Park 860B7 $680,000 4 2.5 2500

46 Willow Tree Lane Irvine/ University Park 860C7 $720,000 3 2.5 1708

14 Flaxwood Irvine/ Woodbridge 860E6 $705,000 3 2.5 1786

78 Summerstone Irvine/ Woodbridge 860c6 $745,900 4 2.5 1887

16 Wakefield Irvine/ Northwood 860G1 $738,000 4 2.5 2148

61 Finisterra Irvine/ Westpark 860B5 $747,000 3 2.5 1600

3 Recinto Irvine/ Northwood 830J6 $760,000 4 2 2000

11 Solstice Irvine/ Northpark 830G6 $775,000 3 2.5 2013

Sold for $75,000 off asking and $175,000 off peak.

104 Monticello Irvine/ Northwood 830H7 $830,000 4 2.75 2718

8 Champlain Irvine/ Northwood 830H7 $855,900 4 3 2718

7 Tory Corner Irvine/ Northwood 860H1 $870,000 4 2.5 2279

16 Glen Ellen Irvine/ Northpark 830H5 $855,000 4 2.75 2250

21 Valente Irvine/ West Irvine 830G4 $895,000 5 4 3200

23 Decente Irvine/ Westpark 860C5 $900,000 4 2.5 2446

22 Bamboo Irvine/ Northwood 860J2 $950,000 3 2.5 2460

14 Carnelian Irvine/ Woodbridge 860E6 $975,000 4 3 2600

48 Whitford Irvine/ Northpark 830F6 $1,050,000 3 3 2765

31 FLORA SPGS Irvine/ Northpark 830G6 $1,100,000 3 2 2850 28 Vacaville Irvine/ Northpark 830J4 $1,150,000 3 2.5 2468

6 Figaro Irvine/ Westpark 860D3 $1,265,000 5 4 3115

21 Breezes Irvine/ Woodbury 861A3 $1,312,384 5 4 3531

19151 Beckwith Terrace Irvine/ Turtle Rock 890C4 $1,320,000 5 3 3000

24 Bayporte Irvine/ Woodbridge 860E6 $1,675,000 5 3 3472

12 Dreamlight Irvine/ Quail Hill 890H3 $1,660,000 5 4.5 3700

50 Cezanne Irvine/ Turtle Ridge 890C6 $1,600,000 5 4.5 3660

WTF award winner. Sold for $300K off asking.

37 View Terrace Irvine/ Turtle Ridge 890C6 $1,949,000 4 4.5 3700

23 New Dawn Irvine/ Northwood 831A6 $1,875,000 5 5.5 5045

WTF award winner. Sold for $125K off asking. Lucky, IMO.

51 Hidden Trail Irvine/ Turtle Ridge 890C6 $2,250,000 4 4.5 3690

3 KENT Irvine/ Turtle Rock 890D2 $2,420,000 5 4.5 4894

17 Taggert Irvine/ Turtle Rock 890D2 $2,350,000 6 5.5 4515

22 Cactus Irvine/ Turtle Rock 890F4 $0 5 6 6250

13 thoughts on “Market Sales Updates”

  2. ipoplaya

    Still over $400 per sf for an SFR… Only a couple of sales below or near the $300 per sf mark. Some serious WTF buys of small places in the high $400’s to low $500s per sf.

  3. ocrebel

    IR,

    per redfin:

    11 SOLSTICE
    IRVINE, CA 92602-2423
    Sold For: $734,700 (07/12/2007)

    which is 215.3K (23%) off the peak(950K).
    imo, still was overpriced

  6. Sue

    Party on Wayne! Party on Garth!

    Surprise! Americans Set to Open Wallets This Holiday
    http://www.cnbc.com/id/21271391/

    Americans plan to spend an average $839 during the holiday season, up 17.6% from last year, the survey says.
    …
    Much of the economic news in the past few months has focused on the housing industry and, according to CNBC’s survey, an overwhelming 90% of American home owners expect their home process to stay the same or increase over the next 12 months by an average of 3.9%. And, nearly 80% of Americans said they don’t increase their spending based on gains in the price of either their homes or stock portfolios.

  8. graphrix

    The redfin data is picking up the price the investor paid at the foreclosure auction. If you look at the original post I made a comment about it and who bought it. I don’t know how much commission they paid out or if they put any money into but the profit margin wasn’t that great. That’s a lot of risk for that tiny margin.

  10. Sue

    Housing slump affects sales tax collections

    http://www.ajc.com/services/content/metro/stories/2007/10/12/taxes_1013_web.html

    States across the country, from California to Florida, are facing budget problems for the first time in years because of the slumping housing market and slow sales tax collections.

    Earlier this decade, state governments went through their biggest fiscal downturn since the Great Depression, leading to spending cuts and tax increases. In Georgia, for instance, the state cut more than $1 billion in school funding. About 100 local school systems raised their property tax rates, many in response to the state funding cuts. Georgia also increased cigarette taxes to help fill the funding gap.

  12. tonye

    Like many of the nouveau rich, these people blew their fortunes away.

    A Pepsi truck driver in his mid 40s that went from 45 to 450K should have stashed enough money in three years to retire. But nooo… instead off they went buying 700K homes and 200K vacation condos…. this in areas where 700K buy you a real mansion.

    Then you got that woman in Manhattan. I wonder if she’ll move into her horse ranch?

  13. Rocker

    This is to me the most solid argument for bearish short and mid term real estate market , and I’ve not seen a counterargument with evidence for this.

    The first time that I read about this was in an interview of a big shot investor/speculator in Barrons magazine, he was afraid of the trillions of dollars of ARM resets and was taking short positions already, this was around summer 2006, at that time there was not a single mention of subprime issues or a credit crunch, but this data is well known in Wall Street, So how come these issues caught the lenders, banks and investment banks by “surprise” since August?

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