Our Company, the ShortSalesASAP group, has complied Short Sale statistics for the city of Irvine. Currently there are 321 Condos currently Active for Sale in Irvine, and 105 of these listing are Short Sales, representing about 1/3 of the available inventory. These Short Sale listings range in price from $130,000 for a 1 bedroom, 1 bath on up to $1,499,000 for a 3 bedroom, 4 bath, 2,677 square foot high rise condo. The median price for these short sale condos is $415,000.
For condos under contract, there are 225 total condominiums that are Pending or Backup in escrow. Of these, 116 are Shorts Sales in Escrow, which represent nearly 1/2 of the Pending inventory. These Short sale condos range in price from $130,000 for 1 bedroom, 1 bath, up to $1,575,000 for 3 bedroom, 4 bath, 2,685 high rise condo in Irvine.
In the past 90 days, there have been 270 Condos total that have sold and closed escrow in Irvine, CA. Of this total, 45 were Short Sale condominium closings which represents approximately 17 percent of the closings in the past 3 months. These closed units range in price fro $232,000 for a 1 bedroom, 1 bath unit on Alicante Aisle, up to $700,000 for a 2 bedroom, 2 bath, 1,674 square foot condo on Scholarship drive. The median priced short sale condo sold in Irvine in the past 90 days was $375,000
Today, there are a total of 277 detached homes currently Active for sale in Irvine. Of this total, 38 are Short Sale listings which represents jsut 14% of the total inventory of homes for sale in Irvine. These detached SFR short sale homes for sale range in price from $399,900 for a 2 bedroom, 2 bath home in the Vista Filare tract, up to $4,080,000 for a 5 bedroom, 6 bath, 8,700 square foot estate in the Turtle Rock community.
For SFR homes under contract, there are a total of 171 currently in Escrow.. Of this total, 63 are Short Sale listings pending in Escrow which represent 37% of the total Pending inventory. These short sale homes in Escrow range in price from $290,000 for a 2 bedroom, 2 bath condo in the Bowen Court tract, on up to $1,800,000 for a 5 bedroom, 5 bath, 4,75 estate in the Vicara community.
In the past 3 months, there are a grand total of 275 detached homes that have sold and closed in Irvine. Of this amount, 44 are Short Sale homes that have sold which represent 16% of the total closing inventory for Irvine in the past 90 days. These detached homes range in price from $365,000 for a 2 bedroom, 2 bath, 1,133 square foot home in Orangetree community, up to $1,780,000 for a 5 bedroom, 6 bath, 4,33 square foot estate in the Amberhill subdivision of Irvine. The median price of these short sale homes that have sold in the past 90 days is $675,000.
Our Company, the ShortSalesASAp group, specializes in Short Sale negotiations, marketing and sales in Irvine and surrounding communtites. We have over a 94% closing rate success. We maintain an ongoing retainer with a California Attorney who specializes in Short Sale contractual issues. Our services are free to our clients for we negotiate our fee with the mortgage banks, and we also pay for our own Lawyer fee’s, so there are no out of pocket costs to our clients. For more inforamtion about short sales in Irvine, please feel free to contact us at: (949) 388-3396, or visit our website: Irvine Short Sale Services, or email us at: Info@ShortSalesASAP.com
