MLS Irvine Closed Sales since 1/1/2006

[quote author="irvineowner" date=1228388957]

Hi IR2,

Thanks for great work!!!



Standard Pacific recently finished building 8 new homes at Serra, Portola Springs. Six of them have been sold in the last couples of weeks. Some of them have moved in already. 3 of them are on Exploration and 5 of them are on Small Grove. I am wondering why they are not on your spreadsheet. I am curious how much they were sold for and how much down these buyers put down.

In addition, some of the Serra homes closed in the first half of 2008 are not on the list.



33 Exploration Irvine, CA 92618

37 Exploration Irvine, CA 92618

39 Exploration Irvine, CA 92618

41 Exploration Irvine, CA 92618



Can you track them?



Thanks!</blockquote>


The only info I recieve to report is off of the MLS, which encompasses most of the resale homes. The new builds and foreclosures are not reported in the MLS as closed sales, so they don't hit my sheet.



I'll check on these homes and PM you if I can get any loan info.



Thank you's, good mojo, and referral business are happily accepted.

-IR2
 
[quote author="IrvineRealtor" date=1228392996][quote author="irvineowner" date=1228388957]

Hi IR2,

Thanks for great work!!!



Standard Pacific recently finished building 8 new homes at Serra, Portola Springs. Six of them have been sold in the last couples of weeks. Some of them have moved in already. 3 of them are on Exploration and 5 of them are on Small Grove. I am wondering why they are not on your spreadsheet. I am curious how much they were sold for and how much down these buyers put down.

In addition, some of the Serra homes closed in the first half of 2008 are not on the list.



33 Exploration Irvine, CA 92618

37 Exploration Irvine, CA 92618

39 Exploration Irvine, CA 92618

41 Exploration Irvine, CA 92618



Can you track them?



Thanks!</blockquote>


The only info I recieve to report is off of the MLS, which encompasses most of the resale homes. The new builds and foreclosures are not reported in the MLS as closed sales, so they don't hit my sheet.



I'll check on these homes and PM you if I can get any loan info.



Thank you's, good mojo, and referral business are happily accepted.

-IR2</blockquote>


Some of the new Serra homes sold in the same period are on your spreadsheet though.
<fieldset class="gc-fieldset">
<legend> Attached files </legend> <a href="http://www.talkirvine.com/converted_files/images/forum_attachments/196_DvXEsYUMuFoXbSz424v5.jpg"><img src="http://www.talkirvine.com/converted_files/images/forum_attachments/196_DvXEsYUMuFoXbSz424v5.jpg" class="gc-images" title="serra.jpg" style="max-width:300px" /></a> </fieldset>
 
[quote author="irvineowner" date=1228394009][quote author="IrvineRealtor" date=1228392996]The only info I recieve to report is off of the MLS, which encompasses most of the resale homes. The new builds and foreclosures are not reported in the MLS as closed sales, so they don't hit my sheet.



I'll check on these homes and PM you if I can get any loan info.



Thank you's, good mojo, and referral business are happily accepted.

-IR2</blockquote>


Some of the new Serra homes sold in the same period are on your spreadsheet though.</blockquote>


The builders will sometimes use the MLS to market some (not all) of their homes. So they will have to abide by the MLS rules, and if a home sells and closes that was listed on the MLS by the builder, then that home will show closed on the MLS and IR2's spreadsheet. The only other reason would be that it was a resale/flip, but these homes seem too new to be a resale already, so I stand by my first point. Hope that helps.
 
Updated MLS Irvine Closed Sales since 1/1/2008 (through November).



As a refresher:

<strong>Yellow</strong> is still unconfirmed (no data reported yet)

<strong>Blue</strong> is "suspicious" even though it is recorded.

<strong>Green</strong> is confirmed.



<strong>Complete loan info updated through November</strong>.



Thank you and good luck,

IR2
 
Great stuff IR2. Off the top of your head do you know what lenders these are that are allowing people to come in with such low down payments?



Looks like there were 9 in November where people came in with 3% down or less. Some of these are decent sized loans.
 
[quote author="24inIrvine" date=1229950080]Great stuff IR2. Off the top of your head do you know what lenders these are that are allowing people to come in with such low down payments?



Looks like there were 9 in November where people came in with 3% down or less. Some of these are decent sized loans.</blockquote>


It is not the lender but the loan type... FHA loans (<strong><a href="http://www.fha.gov">www.fha.gov</a></strong>) can come from any eligible lender. All of the important related info is at this government site. Each lender will have their own flavor of spin to it.



I think <strong><a href="http://www.irvinehousingblog.com/forums/member/364/">lendingmaestro </a></strong>can answer more about the loan info and I'm sure that he could help anyone you know that is looking for info.



Thx,

IR2
 
[quote author="24inIrvine" date=1229959673]I thought FHA loans required at least 3.5% down though. Some lenders can go away from that?</blockquote>


The limit goes up to 3.5% after the 1st of the year, but it's been at 3%. (and I think some/all of that can be gifted from relatives/work.)
 
Updated MLS Irvine Closed Sales for <strong><span style="color: red;">all of 2008</span></strong>.



As a refresher:

<strong>Yellow</strong> is still unconfirmed (no data reported yet)

<strong>Blue</strong> is "suspicious" even though it is recorded.

<strong>Green</strong> is confirmed.



<strong>Complete loan info updated through December will be available mid-month</strong>.



Thank you and good luck,

IR2
 
[quote author="IrvineRealtor" date=1231054557]Updated MLS Irvine Closed Sales for <strong><span style="color: red;">all of 2008</span></strong>.



As a refresher:

<strong>Yellow</strong> is still unconfirmed (no data reported yet)

<strong>Blue</strong> is "suspicious" even though it is recorded.

<strong>Green</strong> is confirmed.



<strong>Complete loan info updated through December will be available mid-month</strong>.



Thank you and good luck,

IR2</blockquote>


IR2, Thanks a lot for this set of data. Any idea how the medium price and square footage of 2008 are compared to that of 2007 and 2006? i.e. how much % decrease or increase?
 
[quote author="20percentdown" date=1231125340]IR2, Thanks a lot for this set of data. Any idea how the medium price and square footage of 2008 are compared to that of 2007 and 2006? i.e. how much % decrease or increase?</blockquote>


Have you seen the other tabs at the bottom of the excel sheet? I think you should be able to get what you are looking for from there...

Good luck, and tell a friend. Positive word-of-mouth mojo goes a long way.

:)



Thx,

-IR2
 
<strong>Updated MLS Irvine Closed Sales for <span style="color: red;">January 2009</span></strong>.

(previous years are at tabs at the bottom)



As a refresher:

<strong>Yellow</strong> is still unconfirmed (no data reported yet)

<strong>Blue</strong> is "suspicious" even though it is recorded.

<strong>Green</strong> is confirmed.



<strong>Complete loan info updated through January will be available mid-month</strong>.



Thank you and good luck,

IR2
 
[quote author="IrvineRealtor" date=1234086955]<strong>Updated MLS Irvine Closed Sales for <span style="color: red;">January 2009</span></strong>.

(previous years are at tabs at the bottom)



As a refresher:

<strong>Yellow</strong> is still unconfirmed (no data reported yet)

<strong>Blue</strong> is "suspicious" even though it is recorded.

<strong>Green</strong> is confirmed.



<strong>Complete loan info updated through January will be available mid-month</strong>.



Thank you and good luck,

IR2</blockquote>


IR2, any chance you can include Tustin Ranch (92782)? Thanks!
 
<strong>Updated MLS Irvine Closed Sales for <span style="color: red;">February 2009</span></strong>.

(previous years are at tabs at the bottom)



As a refresher:

<strong>Yellow</strong> is still unconfirmed (no data reported yet)

<strong>Blue</strong> is "suspicious" even though it is recorded.

<strong>Green</strong> is confirmed.



Thank you and good luck,

IR2



P.S. - waiting2buylater - that's a big can of worms... when you're ready, I can set you up for the info on TRanch or some other good spots...
 
Thanks for the update, Deuce. BTW thanks also for having floor plans available on your site. I find myself referring to them a lot. They are very helpful.
 
Didn't realize you had all the way back to 2006 on there.



It gave me some interesting info on QH... specifically Tapestry homes that sold for over $1.6mil!!! Currently they are selling at around $1.1mil so that's already 40% from peak. The only problem is that is still 20% higher than 2003/4 pricing.
 
<strong>Updated MLS Irvine Closed Sales for <span style="color: red;">March 2009</span></strong> <strong><a href="http://irvinerealtorsite.com/">here</a></strong>.

(previous years are at tabs at the bottom)



As a refresher:

<strong>Yellow</strong> is still unconfirmed (no data reported yet)

<strong>Blue</strong> is "suspicious" even though it is recorded.

<strong>Green</strong> is confirmed.



Thank you and good luck,

IR2
 
Do you know if the contamination under Irvine was disclosed to each of these folks who are on your 'closed sales' list?



Many realtors are trying to sell properties in Irvine without telling people about the massive amount of contamination under Irvine that's been migrating from El toro for years--it's been around since at least 1985!



If you are a realtor, are you telling your clients about the contamination, or are you hiding it like other realtors are?
 
[quote author="Marsha" date=1239018802]Do you know if the contamination under Irvine was disclosed to each of these folks who are on your 'closed sales' list?



Many realtors are trying to sell properties in Irvine without telling people about the massive amount of contamination under Irvine that's been migrating from El toro for years--it's been around since at least 1985!



If you are a realtor, are you telling your clients about the contamination, or are you hiding it like other realtors are?</blockquote>


Actually, IR2 personally contaminates each and every house he sells or represents for buyers. I would explain in more detail, but it is kinda embarrassing and gross. His disclosure is pretty obvious to all involved, so yes... he does disclose about the contamination.
 
Nobody ever told us about it when we were looking at homes in Woodbridge - I read about it on my own. Probably would have showed up in the final paperwork (Oh, by the way......but don't worry...it's taken care of) Isn't that what they said to us about the banks a year or so ago - don't worry - won't be a problem.....



FYI - IR2 was not my realtor when I was looking for homes so this comment does not reflect on him! :)
 
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