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More Homes for Sale in Irvine, CA while Listing Prices Fall

The number of homes for sale in Irvine, CA rose in January, while the average listing price declined by 7.2%.

Feb. 19, 2013 - PRLog -- According to the Market Report - a publication of Realty One Group Inc (http://www.homesearchinorangecounty.com) by Donald Ross - the number of homes for sale in Irvine, CA was 612, up 3.63% from 590 in December. This is the 2nd consecutive month where the number of homes for sale increased.

The average price of homes for sale was $872,569, which was down from $935,371 in December. Likewise the median price of homes for sale - the number at which half of the homes listed for sale were for more and half were for less - decreased 3.07% to $606,444.

"The market is getting tight. Those people sitting on the fence should buy now," said Donald Ross, who released the study. "Interest rates will rise. Don't be left out in the cold!"

The prices varied according to the size of the homes
- 2 bedroom - $467,464 - an increase of 0.06% from December
- 3 bedroom - $642,838 - an increase of 1.47% from December
- 4 bedroom - $1,030,436 - a decrease of 1.42% from December
- 5 bedroom - $1,879,075 - a decrease of 2.67% from December

The average home for sale has 2.87 bedrooms and 2.94 bathrooms.

At the Don Ross Home Team you can become a VIP buyer! There is NO COST or OBLIGATION. Never lose out on missing the perfect home. We specialize in finding you the exact home you are looking for from REO Properties, Foreclosures, Short Sales, Corporate Owned Properties, Must Sell Properties, our own unique Sellers In Waiting Program and our own future distressed properties.

Visit: http://www.homesearchinorangecounty.com

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Source:Realty One Group Inc
Location:Irvine - California - United States
Industry:Real Estate
Tags:Irvine, Housing Market, Home Sales, Real Estate, Home Buying
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