Irvine CA Homes, Pricing and Fair Market Value

Irvine CA Homes, Pricing and Fair Market Value

Irvine CA home prices are – like other areas of Orange County – determined with focus on comparable sales and fair market value.

493 Irvine homes are listed for sale as of today.

Irvine homes for sale are staying on the market longer these days on average as compared with same time last year when the market was rocket fast.

Average home sold prices at the following Irvine communities so far this year 2014 should be a guide for more information on fair market value:

  • Airport Area Irvine – 27 homes sold – average sold price of $542,963
  • El Camino Real Irvine – 21 homes sold – average sold price of $615,905
  • Northpark Irvine – 27 homes sold – average sold price of $900,667
  • Northwood Irvine – 64 homes sold – average sold price of $675,308
  • Oak Creek Irvine – 10 homes sold – average sold price of $746,369
  • Portola Springs Irvine – 27 homes sold – average sold price of $802,392
  • Quail Hill Irvine – 21 homes sold – average sold price of $895,452
  • Shady Canyon Irvine – 7 homes sold – average sold price of $4,901,453
  • Turtle Ridge Irvine – 20 homes sold – average sold price of $1,311,999
  • Turtle Rock Irvine – 20 homes sold – average sold price of $1,118,050
  • University Park Irvine – 13 homes sold – average sold price of $727,377
  • Stonegate Irvine – 14 homes sold – average sold price of $675,077
  • Westpark Irvine – 36 homes sold – average sold price of $636,675
  • Woodbridge Irvine – 59 homes sold – average sold price of $661,227
  • Woodbury Irvine – 28 homes sold – average sold price of $728,475
  • Irvine – all areas – 460 homes sold – average sold price of $809,007

Irvine CA home sellers are facing increased competition from other sellers who are smart about fair market value and pricing.

“In arriving at price, a seller needs to diligently look at the comparable sales data and carefully determine the Fair Market Value for their home. The Fair Market Value is what buyers are willing to pay for a home.”  (as opined by Steven Thomas at his “Reports on Housing” for Orange County yesterday).

Even though Irvine continues to see good home buying activity, homeowners who are serious about selling will look at comparative sold information – and what fair market value buyers are willing to pay – and not on what sellers want.

Coldwell Banker residential brokerage

By Harrison K. Long. This is information from CRMLS multiple listing service and is for homes resold by all agents and brokers.  We provide Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA. Connect with us with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

About Harrison K. Long

Professional real estate representative, Real estate Broker associate, HomeSmart Evergreen Realty. CALBRE #01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, and investors, with listing and sale of properties - and with their best decisions about homes and real estate - Orange County Association of REALTORs, member and prior service on its board of directors. California Association of Realtors, now serving on its board of directors. GRI designation. National Association of Realtors, member since 2004. Attorney member of the California State Bar Association #69137. Contact us at 949-701-2515 (cell or text). ExploreProperties@gmail.com.
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