Untitled

West Irvine rents weakening
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Irvine: West Irvine Overview Median home price is $479,000. Based on a rental parity value of $588,000, 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 increased to $283/SF to $287/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $0 last month from $2,468 to $2,468. Rents have been falling for 1 month(s). Price momentum suggests falling rents over the next three months. Market rating = 3 Proprietary Irvine Housing News home purchase analysis [raw_html_snippet id=”post snippet”] 31 ARDMORE Irvine, CA 92602 $525,000 …….. Asking Price $533,000 ………. Purchase Price 1/20/2010 ………. Purchase Date ($8,000) ………. Gross Gain (Loss) ($42,640) ………… Commissions and Costs at 8% ============================================ ($50,640) ………. Net Gain (Loss) ============================================ -1.5% ………. Gross Percent Change -9.5% ………. Net Percent Change -0.6% ………… Annual Appreciation Cost of Home Ownership ——————————————————————————————————————— $525,000 …….. Asking Price $105,000 ………… 20% Down Conventional 3.76% …………. Mortgage Interest Rate 30 ……………… Number of Years $420,000 …….. Mortgage $109,570 ………. Income Requirement $1,947 ………… Monthly Mortgage Payment $455 ………… Property Tax at 1.04% $71 ………… Mello Roos & Special Taxes $131 ………… Homeowners Insurance at 0.3% $0 ………… Private Mortgage Insurance $226 ………… Homeowners Association Fees ============================================ $2,831 ………. Monthly Cash Outlays ($310) ………. Tax Savings ($631) ………. Equity Hidden in Payment $132 ………….. Lost Income to Down Payment $86 ………….. Maintenance and Replacement Reserves ============================================ $2,107 ………. Monthly Cost of Ownership Cash Acquisition Demands ——————————————————————————————————————— $6,750 ………… Furnishing and Move In at 1% + $1,500 $6,750 ………… Closing Costs at 1% + $1,500 $4,200 ………… Interest Points $105,000 ………… Down Payment ============================================ $122,700 ………. Total Cash Costs $32,200 ………. Emergency Cash Reserves ============================================ $154,900 ………. Total Savings Needed —————————————————————————————————————————————————————————————————————- [raw_html_snippet id=”contact2”] $550,000 57 ARDMORE 0 miles 3 bd / 3 ba 1,900 Sq. Ft. $399,900 170 HAYWARD 0.55 miles 3 bd / 2 ba 1,588 Sq. Ft. $648,800 77 MODESTO 94 0.6 miles 3 bd / 2.5 ba 1,650 Sq. Ft. $589,000 3024 CASPER Pl 0.73 miles 3 bd / 2.5 ba 1,500 Sq. Ft. $629,000 2981 W BRADLEY Pl 0.78 miles 3 bd / 2.25 ba 1,500 Sq. Ft. $597,000 2504 TEQUESTRA 0.79 miles 2 bd / 2.5 ba 1,850 Sq. Ft. $619,900 81 AVONDALE 0.84 miles 4 bd / 2.75 ba 1,730 Sq. Ft. $529,000 74 GLEN ARBOR 116 0.91 miles 3 bd / 2.5 ba 1,435 Sq. Ft. $499,900 47 GRANADA 0.97 miles 2 bd / 2 ba 1,640 Sq. Ft. $564,900 56 AUTUMN 1.03 miles 3 bd / 2.75 ba 1,858 Sq. Ft. [raw_html_snippet id=”closing”]

Northpark prices steadily falling becoming undervalued
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Irvine: Northpark Overview Median home price is $427,000. Based on a rental parity value of $615,000, this market is under 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 $291/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 $101 last month from $2,480 to $2,581. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 7 Proprietary Irvine Housing News home purchase analysis [raw_html_snippet id=”post snippet”] 2 PENDELTON Irvine, CA 92620 $350,000 …….. Asking Price $392,000 ………. Purchase Price 4/29/2003 ………. Purchase Date ($42,000) ………. Gross Gain (Loss) ($31,360) ………… Commissions and Costs at 8% ============================================ ($73,360) ………. Net Gain (Loss) ============================================ -10.7% ………. Gross Percent Change -18.7% ………. Net Percent Change -1.2% ………… Annual Appreciation Cost of Home Ownership ——————————————————————————————————————— $350,000 …….. Asking Price $12,250 ………… 3.5% Down FHA Financing 3.80% …………. Mortgage Interest Rate 30 ……………… Number of Years $337,750 …….. Mortgage $99,346 ………. Income Requirement $1,574 ………… Monthly Mortgage Payment $303 ………… Property Tax at 1.04% $0 ………… Mello Roos & Special Taxes $88 ………… Homeowners Insurance at 0.3% $352 ………… Private Mortgage Insurance $250 ………… Homeowners Association Fees ============================================ $2,566 ………. Monthly Cash Outlays ($240) ………. Tax Savings ($504) ………. Equity Hidden in Payment $16 ………….. Lost Income to Down Payment $64 ………….. Maintenance and Replacement Reserves ============================================ $1,901 ………. Monthly Cost of Ownership Cash Acquisition Demands ——————————————————————————————————————— $5,000 ………… Furnishing and Move In at 1% + $1,500 $5,000 ………… Closing Costs at 1% + $1,500 $3,378 ………… Interest Points $12,250 ………… Down Payment ============================================ $25,628 ………. Total Cash Costs $29,100 ………. Emergency Cash Reserves ============================================ $54,728 ………. Total Savings Needed —————————————————————————————————————————————————————————————————————- This property is available for sale via the MLS. Please contact Shevy Akason, 01836707 949.769.1599…… sales@ochousingnews.com….. [raw_html_snippet id=”contact”] [idx-listing mlsnumber=”S696837” showpricehistory=”true” showlocation=”true”] $588,800 43 MEADOW Vly 0.09 miles 3 bd / 2.5 ba 1,650 Sq. Ft. $648,800 77 MODESTO 94 0.09 miles 3 bd / 2.5 ba 1,650 Sq. Ft. $562,500 53 MODESTO 108 0.09 miles 3 bd / 2.5 ba 1,600 Sq. Ft. $475,000 76 BURLINGAME 0.58 miles 2 bd / 2.5 ba 1,670 Sq. Ft. $685,000 171 KINGSWOOD 86 0.58 miles 3 bd / 2.5 ba 1,800 Sq. Ft. $685,000 154 KINGSWOOD 117 0.59 miles 3 bd / 2.5 ba 1,700 Sq. Ft. $438,000 1302 TERRA BELLA #1 0.66 miles 3 bd / 2.5 ba 1,614 Sq. Ft. $525,000 47 GRANADA 0.68 miles 2 bd / 2 ba 1,640 Sq. Ft. $629,000 2981 W BRADLEY Pl 0.69 miles 3 bd / 2.25 ba 1,500 Sq. Ft. $469,800 56 SAPPHIRE 0.7 miles 3 bd / 2.5 ba 1,500 Sq. Ft. [raw_html_snippet id=”closing”]

What’s really going on in the Irvine housing market? 4-28-2012
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The Irvine Housing News profiles properties for sale each day and presents current market data on each village and neighborhood. If you really want to know what’s happening in the Irvine Housing market, you need to read the Irvine Housing news and subscribe to the our monthly newsletter. [raw_html_snippet id=”closing”] 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 most viewed property listings in Irvine. Check them out. See what everyone else finds so interesting. 2 EVENING SHADOW #6 Irvine, CA 92603 — $345,900 [idx-listing mlsnumber=”U12001579” showpricehistory=”true”] $399,000 50 VERMILLION 1.58 miles 2 bd / 2 ba 1,174 Sq. Ft. $425,000 243 CORAL ROSE 1.75 miles 2 bd / 2.5 ba 1,190 Sq. Ft. $535,000 201 CORAL ROSE 17 1.75 miles 2 bd / 2.5 ba 1,181 Sq. Ft. $468,888 28 REUNION 1.95 miles 2 bd / 2.5 ba 1,145 Sq. Ft. [raw_html_snippet id=”oc”] 1703 TERRA BELLA Irvine, CA 92602 — $399,898 [idx-listing mlsnumber=”S695290” showpricehistory=”true”] $383,900 404 TERRA BELLA 0.06 miles 2 bd / 2.5 ba 1,343 Sq. Ft. $425,600 41 BURLINGAME 0.08 miles 2 bd / 2.5 ba 1,475 Sq. Ft. $619,900 81 AVONDALE 0.18 miles 4 bd / 2.75 ba 1,730 Sq. Ft. $405,900 29 OLDE BERRY 55 0.22 miles 3 bd / 2.5 ba 1,364 Sq. Ft. $514,900 71 WATERMAN 0.24 miles 3 bd / 2 ba 1,640 Sq. Ft. $525,000 47 GRANADA 0.27 miles 2 bd / 2 ba 1,640 Sq. Ft. $588,800 43 MEADOW Vly 0.5 miles 3 bd / 2.5 ba 1,650 Sq. Ft. $648,800 77 MODESTO 94 0.5 miles 3 bd / 2.5 ba 1,650 Sq. Ft. $562,500 53 MODESTO 108 0.5 miles 3 bd / 2.5 ba 1,600 Sq. Ft. $629,000 2981 W BRADLEY Pl 0.56 miles 3 bd / 2.25 ba 1,500 Sq. Ft. [raw_html_snippet id=”noc”] 15 HERMOSA Irvine, CA 92620 — $775,000 [idx-listing mlsnumber=”U12001564” showpricehistory=”true”] $1,079,000 6 URBINO 0.24 miles 4 bd / 2.5 ba 3,268 Sq. Ft. $1,449,000