Author Topic: Observations from the front lines of the Irvine housing market…  (Read 286158 times)

Offline Ready2Downsize

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"Yes, and Huntington Beach & Fountain Valley also have this same problem but have found a way to outperform Irvine by 3-4%. Haha... 

Number of offers is simply anecdotal and will highly depend on your listing strategy, as all sellers of real estate know.  What matters for determining the strength of a market is number of sales and purchase price."

My mom's house was in FV. When she died I wanted to keep her completely paid off, no HOA, $700 per YEAR property taxes but was outvoted by my sisters so it was sold. I watch that area alot and having lived there know about the area.

The homes are old. (My moms was one of the first neighborhoods and is now 57 years old). The houses in her neighborhood were solidly built and many of them have been redone (removing one wall between the kitchen and dining room gives you a new big open kitchen, new appliances, granite counters and nook instead of the old kitchen with separate dining room). The bedrooms are good sized. Easy to build up OR extend the home as the lots are big enough to add onto. In fact most of the older homes are over 7200 sq feet single story homes. 7200 sq feet is the minimum the city requires for granny flats (even before recent legislation).

Old people want single stories. This area has plenty of them. No HOA, No Mello. Decent schools. Near the 405.

You can buy in Westminster or Anaheim but the lots are smaller, harder to add onto and the schools are not as good.

That is why FV homes remain desirable. It's the lower overall monthly $$$.



« Last Edit: October 14, 2021, 11:49:42 AM by Ready2Downsize »

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