Author Topic: Irvine Homes and Real Estate  (Read 5066 times)

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Offline Panda

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Re: Irvine Homes and Real Estate
« Reply #30 on: December 21, 2018, 07:38:46 AM »
Irvine SFR Market Update 12/21/2018

1093 Irvine SFRs Sold
Median Home Price: $1,212,000
Median Discount is : 1%
Median Days on the market  : 62 days
Gross Irvine SFR Sales: $1,523,310,712


« Last Edit: December 21, 2018, 08:04:21 AM by Panda »
James Park, MBA
Investment Real Estate Broker
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@johnscreekrealtypartners.com

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Offline Panda

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Re: Irvine Homes and Real Estate
« Reply #31 on: December 21, 2018, 07:39:10 AM »
1518 Irvine Townhomes/Condos sold in 2018
Median Home Price: $725,000
Median Discount is : 0%
Median Days on the market  : 51 days
Gross Irvine Townhomes/Condos Sales : $1,122,483,822

This is very interesting as I am looking at the stats of the most expensive gated golf course community (St Marlo Country Club) of 924 homes in Forsyth County situated in among the best 10/10/10 Georgia schools. Forsyth County is the wealthiest county in Georgia.

The median condo/townhome in Irvine is $725,000 which is right at the median price of the most expensive gated golf course in Forsyth County at $757,500. The median discount is 3% in at the gated golf course where the median discount is 0% for Townhome/Condos in Irvine. The median DOM is 65 days for the gated golf course and median DOM is 51 days in Irvine. 

Year 2018
St Marlo Country Club Stats
Homes Sold in 2018: 52
Gross Sales: $42,253,000
High Prices Sold: $1,726,000
Lowest Price Sold: $540,000
Median Home Price: $757,500
Median Sold Price Off Asking : 97.0%
Median Days on the Market : 65 Days

1620 Irvine Townhomes/Condos sold in 2017. Inventory for Townhomes/Condos are estimated to be 2.4 months and the average PPSF is $450.28. The Irvine Townhomes/Condos median home price is $656,944. The highest priced home sold in 2017 is 8120 Scholarship at $2,060,000 and the lowest priced home sold is $240,000 at 292 Streamwood.
« Last Edit: December 21, 2018, 07:56:44 AM by Panda »
James Park, MBA
Investment Real Estate Broker
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@johnscreekrealtypartners.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Offline Panda

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Re: Irvine Homes and Real Estate
« Reply #32 on: December 21, 2018, 08:20:14 AM »
James Park, MBA
Investment Real Estate Broker
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@johnscreekrealtypartners.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Offline Compressed-Village

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Re: Irvine Homes and Real Estate
« Reply #33 on: December 21, 2018, 08:36:34 AM »
Irvine price will be stable as ever while the equities market nose dive. Irvine housing will be your best bet from now going forward.

Offline meccos12

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Re: Irvine Homes and Real Estate
« Reply #34 on: December 21, 2018, 03:00:00 PM »
Irvine price will be stable as ever while the equities market nose dive. Irvine housing will be your best bet from now going forward.

You should pull all your money from all accounts and start buying Irvine homes then. 

Offline Compressed-Village

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Re: Irvine Homes and Real Estate
« Reply #35 on: December 21, 2018, 05:12:39 PM »
Irvine price will be stable as ever while the equities market nose dive. Irvine housing will be your best bet from now going forward.

You should pull all your money from all accounts and start buying Irvine homes then.

Been there, done that!!! :)

Offline Panda

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Re: Irvine Homes and Real Estate
« Reply #36 on: December 21, 2018, 07:08:34 PM »
That's right. Compressed-Village picked up 5 of those of detached condos in Trovata in the low $200s to buy and hold forever. :)

Irvine price will be stable as ever while the equities market nose dive. Irvine housing will be your best bet from now going forward.

You should pull all your money from all accounts and start buying Irvine homes then.

Been there, done that!!! :)
James Park, MBA
Investment Real Estate Broker
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@johnscreekrealtypartners.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

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Offline Panda

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Re: Irvine Homes and Real Estate
« Reply #37 on: December 22, 2018, 10:44:58 AM »
Irvine Total SFR + Condo/Townhomes for 2018
Median home price = $850,000
2611 Irvine SFR + Condo / Townhome Sold in 2018
Median Year Built: 2002
Median Day on Market: 55 days
Total Gross Sales in Irvine 2018: $2,645,794,534 - That is $2.6 Billion USD combined sales of all Irvine Real Estate Sold in 2018.



« Last Edit: December 22, 2018, 12:00:58 PM by Panda »
James Park, MBA
Investment Real Estate Broker
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@johnscreekrealtypartners.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Offline meccos12

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Re: Irvine Homes and Real Estate
« Reply #38 on: December 22, 2018, 02:23:31 PM »
Irvine price will be stable as ever while the equities market nose dive. Irvine housing will be your best bet from now going forward.

You should pull all your money from all accounts and start buying Irvine homes then.

Been there, done that!!! :)

So are you saying that all of your money is in Irvine real estate?  If so, much respect for you and good luck. 

Offline meccos12

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Re: Irvine Homes and Real Estate
« Reply #39 on: December 22, 2018, 02:42:49 PM »
Irvine Total SFR + Condo/Townhomes for 2018
Median home price = $850,000
2611 Irvine SFR + Condo / Townhome Sold in 2018
Median Year Built: 2002
Median Day on Market: 55 days
Total Gross Sales in Irvine 2018: $2,645,794,534 - That is $2.6 Billion USD combined sales of all Irvine Real Estate Sold in 2018.




In this market where we had much stronger sales in the first half of the year compared to the second half of the year, using the monthly average of completed sales over the entire year to calculate months of inventory will give a misleading picture of what the true market is like.

Offline Panda

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Re: Irvine Homes and Real Estate
« Reply #40 on: December 22, 2018, 02:45:29 PM »
Meccos..

Would you want me to break out the data points?

Q1Q2 vs Q3Q4 to see if there are any significant differences?

Who would be interested in seeing that data?
James Park, MBA
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Offline meccos12

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Re: Irvine Homes and Real Estate
« Reply #41 on: December 22, 2018, 02:56:01 PM »
Meccos..

Would you want me to break out the data points?

Q1Q2 vs Q3Q4 to see if there are any significant differences?

Who would be interested in seeing that data?

sure it would be interesting to see.  Seasonality will come into play however.

Better would be to look at the last two quarters of this year versus last two quarters of 2017 to eliminate seasonality. 
« Last Edit: December 22, 2018, 03:25:22 PM by meccos12 »

Offline Panda

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Re: Irvine Homes and Real Estate
« Reply #42 on: December 22, 2018, 07:38:31 PM »
Here is the data as follows:

Total Irvine = Townhome + Condos + SFRs

07/01/2017 - 12/31/2017
Median: $799,492
Homes Sold : 1487
Median DOM : 61

07/01/2018 - 12/31/2018
Median: $855,000
Homes Sold : 1283
Median DOM : 61


Median price is higher and the median days on the market is the same at 61 days for 2017 and 2018 July to December.
James Park, MBA
Investment Real Estate Broker
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@johnscreekrealtypartners.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

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Re: Irvine Homes and Real Estate
« Reply #43 on: December 22, 2018, 07:47:58 PM »
Save your dinero and wait.

Offline Compressed-Village

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Re: Irvine Homes and Real Estate
« Reply #44 on: December 22, 2018, 11:58:35 PM »
Irvine price will be stable as ever while the equities market nose dive. Irvine housing will be your best bet from now going forward.

You should pull all your money from all accounts and start buying Irvine homes then.

Been there, done that!!! :)

So are you saying that all of your money is in Irvine real estate?  If so, much respect for you and good luck.

Luck is all there is to what I’ve accumulated. I never time the market, rather my real estate holdings are just from personal needs and passed down. I am good to my tenants and my tenants great to me, and I pay it forwards to where I can. Money, you can’t it take with you when it’s your time to see the Lord, but your children might be a little bit better off when received some helps.

 

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