Category Archives: News

Closed Sales from 10/4/2012 to 10/10/2012

Date Sold Address Zip Tract Sold Price Beds Sq Ft
Airport Area
10/4/12 5103 Scholarship 92612 The Plaza (5000 and 8000) $1,400,000 2 2385
10/9/12 3313 Watermarke Pl 92612 Watermarke $210,000 1 635
10/9/12 3222 Watermarke Pl 92612 Watermarke $425,000 2 1250
10/9/12 2253 Martin Ct 208 92612 Metropolitan $270,000 1 800
Columbus Grove
10/5/12 323 Silk Tree 92606 Savannah $465,000 3 1500
El Camino Real
10/5/12 6 Buckeye 92604 Irvine Groves $465,000 3 1707
10/5/12 9 Springfield 92604 Heritage Park IP $342,000 3 1200
10/10/12 5162 Skinner St 92604 Ranch $705,000 4 2317
10/10/12 14 Heritage 92604 Heritage Park $300,000 2 1109
Northpark
10/10/12 10 Upland 92602 Miramar $903,000 4 2810
Northwood
10/9/12 89 WONDERLAND 92620 Bella Rosa $670,000 4 2630
10/9/12 3 Lynnfield 92620 Lexington II $927,500 5 2800
10/10/12 55 Darlington 92620 Greystone Villas $545,000 3 1650
10/10/12 121 Islington 92620 Greystone Villas $530,000 3 1650
Oak Creek
10/9/12 2 Dahlia 92618 Cypress $670,000 3 1750
10/10/12 30 Carnation 92618 Montilla $539,000 3 1525
Orangetree
10/10/12 20 Tangelo 286 92618 other $257,200 2 954
Turtle Ridge
10/5/12 82 Gingerwood 92603 Whispering Glen $495,000 2 1500
10/5/12 21 Highpoint 92603 Amberhill $2,600,000 4 4200
10/9/12 125 Jadestone 92603 Ashton Green $390,000 2 1180
Walnut
10/9/12 10 Rhode Island 92606 Cambridge $870,000 5 2872
West Irvine
10/5/12 111 Waterman 147 92602 Wisteria $595,000 4 1728
10/5/12 6 Sorenson 92602 Barrington $725,000 4 2200
Westpark
10/4/12 15 Giovanni Aisle 357 92614 Tiempo $262,000 1 830
10/9/12 62 Costero Aisle 308 92614 Tiempo $248,000 1 692
10/10/12 34 Santa Comba 92606 Montage $838,800 4 2300
10/10/12 1201 Reggio Aisle 92606 Aventura $390,000 2 1050
Woodbridge
10/4/12 420 E Yale Loop 31 92614 Garden Estates $430,000 3 1749
10/4/12 3 Hazelnut 92614 Briarglen $625,000 3 1587
10/9/12 15 Daybreak 92614 Landing I $880,000 4 2366
10/9/12 59 Coral Lake 92614 Lakeside $760,000 3 2043

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3193.0.html

New Homes "Coming Soon" to Woodbridge

A lot of building has been happening in Irvine recently. However, these new homes have been in new neighborhoods instead of Irvine’s well-established neighborhoods. This is about to change. William Lyon Homes has announced that they will build 48 new single-family detached homes in Irvine’s well-established neighborhood of Woodbridge. These new homes (The Branches) will be the first new homes built in Woodbridge in 15 years and will be located in the North Lake area near Fallbrook Park.

Here are some more details:

  • Limited offering of 48 single-family homes

  • Three detached, two-story floorplans

  • Approximately 2,209 to 2,542 square feet

  • 3 to 5 bedrooms, 2.5 to 3 baths

  • No Mello Roos and low HOA (http://wva.org/link/linkshow.asp?link_id=351781) dues

  • Anticipated from the $900,000s

As selling points, William Lyon Homes touts the North Lake location, no Mello Roos fees, low HOA dues, and being within the Irvine Unified School. They also point out that these homes will be near business, shopping, entertainment, and John Wayne Airport.

Some of the comments I have been reading have these criticisms: the yards will be too small, the design is “hardly distinguished”, and the price is too high considering the price of existing Woodbridge homes. As far as when these homes will be available, the only statement that I am finding is “coming soon.”

What do you think? Are these homes something that you would consider?

Discuss at Talk Irvine: http://www.talkirvine.com/index.php/topic,3165.0.html

Closed Sales from 9/20/2012 to 9/26/2012

Date Sold Address Zip Tract Sold Price Beds Sq Ft
Airport Area
9/24/12 2323 Scholarship 92612 Avenue One $300,000 2 1037
9/25/12 1168 Scholarship 92612 Avenue One $455,000 3 1340
9/26/12 3040 Scholarship 92612 3000 The Plaza $1,020,000 2 1930
El Camino Real
9/24/12 14881 Geneva St 92604 Greentree $392,200 2 1700
9/26/12 10 Butterfield 92604 Deerfield Townhomes $475,000 3 1700
Northpark
9/23/12 14 Apple Vly 92602 Evergreen $690,000 4 2477
9/26/12 42 Chula Vis 106 92602 Monterey $447,000 3 1500
Northwood
9/20/12 302 Streamwood 92620 Irvine Springs $143,000 1 639
9/21/12 2 Carlyle 92620 Northwood Meadows $590,000 4 2193
9/21/12 3 Delantera Dr 92620 Sundance $365,000 2 1462
9/24/12 7 Christamon 7 92620 Square $350,000 3 1383
9/25/12 54 Fillmore 92620 Courtside $565,000 4 1958
9/26/12 10 Wedgewood 92620 Tremaine $698,000 3 1561
Orangetree
9/20/12 37 Tarocco 92618 Orchard Glen OT $300,000 2 995
Portola Springs
9/24/12 115 Silverado 92618 San Carlos COURT $450,000 3 1756
Quail Hill
9/25/12 59 Reunion 92603 Ambridge $496,000 2 1656
9/26/12 106 Reunion 92603 Sage $450,000 2 1031
Rancho San Joaquin
9/24/12 4 Navarre 126 92612 RSJ Villas $410,000 2 1144
Turtle Rock
9/20/12 3 Whitewater 2 92603 Glen Townhomes $470,000 2 1648
9/21/12 5972 Sierra Siena 92603 Broadmoor $915,000 4 2020
9/21/12 133 Starcrest 92603 Crest – Standard Pacific $1,630,000 4 2987
University Park
9/21/12 12 Whitewood Way 92612 Park II (In Village Park) $555,000 3 2303
University Town Center
9/20/12 147 Stanford Ct 92612 Princeton Townhomes $365,000 2 978
9/24/12 2 Exeter 13 92612 Columbia Square $248,000 1 768
Walnut
9/24/12 14692 Oak Ave 92606 College Park $585,000 5 2231
West Irvine
9/25/12 17 SAGAMORE 92602 Andover $460,000 3 1400
9/26/12 5 Easthaven 92602 Sheridan Square $800,000 4 3250
Westpark
9/20/12 10 Andalucia 92614 Sorrento $855,000 4 2450
9/20/12 105 Costero Aisle 92614 other $349,000 2 900
9/21/12 4 Bahia 92614 Promenade $707,000 3 1709
9/24/12 53 Festivo 92606 Cortina $875,000 5 2600
9/25/12 166 Alicante Aisle 193 92614 Tiempo $295,000 2 1000
9/25/12 17571 Wayne Ave 92614 Culverdale $680,000 4 2350
Woodbridge
9/20/12 168 W Yale Loop 1 92604 Estates $625,000 4 2155
9/20/12 24 Rockwood 92614 Parkview $340,000 2 1130
9/20/12 3 S Springbrook 63 92614 Seasons $520,000 3 1358
9/24/12 218 Greenmoor 92614 Stonegate $290,000 2 978
Woodbury
9/20/12 49 Concierto 92620 Santa Barbara $450,000 2 1850
9/21/12 59 Concierto 92620 Treo $535,000 3 2026
9/24/12 61 Sable 92618 Woodbury East $511,000 3 1782

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3150.0.html

Irvine House vs Condo Numbers: September 2012

According to Altos Research, Irvine’s single-family housing market is similar to what it was the previous month. Altos gives Irvine’s single-family homes a Market Action Index of 22.03, which Altos defines as a buyer’s market. (Above 30 is defined as a seller’s market; below is defined as a buyer’s market.) Altos also states that the average single-family home has been on the market for about 115 days as of September 14, 2012.

Altos Market Action Index for Single-family Homes in Irvine

Altos Research

According to Redfin, 221 houses were on the Irvine market in June, and 168 condos were on the market. Following is more data from Redfin on Irvine’s August 2012 housing market:

Type List Price/# Homes Listed Sold Price/# Homes Sold List Per SF Sold Per SF % Chg Y-O-Y Sold Price/SF
Houses
12-Aug $960K/221 $710K/125 $380 $345 -0.30%
12-Jul $949K/226 $760K/95 $382 $368 7.90%
12-Jun $890K/251 $735K/103 $384 $356 5%
Condos `
12-Aug $525K/168 $427K/141 $338 $306 0%
12-Jul $509K/181 $425K/115 $342 $306 -1.60%
12-Jun $498K/202 $430K/152 $336 $313 -1.30%
All
12-Aug $736K/390 $536K*/267 $362 $328 3.50%
12-Jul $744K/408 $545K/211 $363 $322 0.30%
12-Jun $720K/456 $515K/257 $363 $327 0.9%**

*The August 2012 median selling price was down 0.6% from August 2011.

**The May price per square foot was down 4.6%.

The following charts show Irvine’s inventory, median price per square foot of houses, and median price per square foot of condos, respectively.

Redfin

If you would like to see some housing numbers for each of Irvine’s neighborhoods, see my previous post “Irvine Housing by the Numbers – September 2012 Update.”

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3139.0.html

Closed Sales from 9/13/2012 to 9/19/2012

Date Sold Address Zip Tract Sold Price Beds Sq Ft
Airport Area
9/14/12 2214 Watermarke Pl 92612 Watermarke $195,000 1 635
9/17/12 21 Waldorf 92612 Maxfield $519,900 2 1575
9/18/12 8106 Scholarship 92612 The Plaza (5000 & 8000) $1,695,000 3 2685
El Camino Real
9/13/12 30 Helena 92604 Heritage Park $371,000 3 1586
9/14/12 4372 Bridgeway St 92604 Greentree $613,000 4 1782
9/17/12 1 Wildflower 25 92604 – $420,000 3 1561
9/17/12 5051 Barkwood Ave 92604 El Camino Glen $650,000 3 1920
Northpark
9/14/12 73 Burlingame 92602 Brisbane $415,000 2 1500
9/14/12 1704 Terra Bella 92602 Terra Bella $370,000 2 1343
Northwood
9/13/12 7 Bragg 92620 Other $530,000 4 1897
9/13/12 905 Somerville 92620 Greystone Villas $547,500 3 1610
9/14/12 73 Cartier Aisle 92620 Northwood Villas $506,000 3 1800
9/15/12 468 Monroe 57 92620 Timberline $375,000 2 1142
9/18/12 1900 Timberwood 92620 Collage $390,000 2 1300
9/19/12 119 Arden 6 92620 Arden Square $712,500 4 2105
Oak Creek
9/14/12 34 Danbury Ln 92618 Cobblestone $553,000 3 1500
9/17/12 19 Ashford 92618 Ashford Place $940,000 4 3100
Portola Springs
9/13/12 71 HOMELAND 92618 Bougainvillea $750,000 4 2260
9/13/12 47 Silverado 92618 San Carlos COURT $399,000 2 1300
9/14/12 52 Land Grant 92618 Other $612,000 3 1660
Quail Hill
9/13/12 124 Stepping Stone 92603 Casalon $430,000 3 1553
Shady Canyon
9/19/12 22 Blue Grass 92603 Shady Canyon Custom $4,750,000 4 6015
Turtle Rock
9/14/12 29 Rainbow Falls 92603 Glen Garden Homes $650,000 4 2200
9/18/12 18 Southern Wood 92603 Highlands Garden $965,000 3 2436
9/18/12 6 Rustling Wind 6 92612 Vista (Turtle Rock) $800,000 4 2855
University Park
9/17/12 14 Eucalyptus 92612 Terrace $620,000 3 1539
Walnut
9/19/12 3932 Aspen St 92606 College Park $555,000 4 1873
West Irvine
9/13/12 1 Moonstone 92602 Mandeville $475,000 3 1500
Westpark
9/13/12 10 Santa Catalina Asl 92606 Ravenna $690,000 4 1900
9/14/12 3751 Hendrix St 92614 Culverdale $1,010,000 5 3450
Woodbridge
9/13/12 28 Pinewood 55 92604 Crossing $650,000 3 2016
9/14/12 21 Bayside 92614 Bayside $950,000 4 2450
9/17/12 45 E Yale Loop 24 92604 Estates $575,000 3 1886
9/18/12 4 Firebird 80 92604 Woodbridge $375,000 2 998
Woodbury
9/13/12 43 Hallmark 92620 La Casella $635,000 3 2100
9/19/12 30 Nature 92620 Santa Barbara $416,000 2 1165

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3130.0.html