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Very interesting. I think the sub 1.5m side of the market will still grind higher.

INFLATION!  Listing for SFR are creeping up it seem?

and the market drops a little. what does that mean?  :o

not sure how accurate but at the present moment there is literally only a handful of homes for sale that are under 1 million. seems even tighter supply on the low to medium end of the market that USC mentioned seems to be the case.

prices dropped but the graph also shows that number of sales were way down in 2008-2009 as well.

I have this same question. Is there a source for Irvine specifically and not just Orange County? Also is there anything that breaks this down between condos/townhomes vs SFR?

wow, the discussion really went in the direction I was expecting  :P

Renting is like shorting the market.

I just wanted to see if folks had thoughts for the coming year given so many changes that are going on politically, taxes, stocks, etc making things more complicated then last year. How do folks see housing prices for 2018 in Irvine?

Escrow Spectrum

The thing is though you are looking two years from now I believe, this is going to be a bit difficult to gauge in specifics. You could look at WB homes that are near a park as a start point. I believe there were a couple that just went off the market near timber run park. They were old but you...

Yes, exactly different era and lifestyle. Like the 70s and 80s when people could have all of those things. Houses can be renovated on the inside. Also she was asking about elementary school. Woodbridge High is fine and if it is a little lower so what, less competition for her kids. Though I bet...

I have two kids and if I could live in Woodbridge I would!

I don't think this makes sense to me beyond real estate is local and driven in large order by local factors. The mortgage things may increase to 750k, so what. This was only really an issue in the 1.2 million and lower range past that it doesn't really matter. Folks with alot of money past that...

USCTorjans, Could just clarify for me, this may be a stupid question, but most of the 4bd SFR are selling for 950,000 - 1,030,000. Do you view those as all essentially in the "sub-1million bundle"? There seems to be a jump up significantly after that to homes in the 1.2m and above range so that...

Are you seeing investors target the SFR, Condos, or Townhomes? Are they generally looking at sub-1M homes?

Seems there are alot of those floating around Woodbridge? Could you stretch your budget and buy one of only two SFR currently on sale in Woodbridge? https://www.redfin.com/CA/Irvine/27-Silkleaf-92614/home/4692518

I think all of this Tax reform and Home Price business effects all markets differently because local markets are more often effected by local factors. I do not think this will have any major long term impact on the market here. The inventory remains low, properties that come with land are very...

This is BS. This sold 3 months ago. https://www.redfin.com/CA/Irvine/12-Lucero-W-92620/home/4786039

Folks must know that they are not going to be cash flow positive buying over the past few years. Yes, if they are looking to park half of an 800-900k home and get a loan they can be positive in the cash coming in. They make not care about parking money vs opp cost of putting the money somewhere...