Irvine Housing Blog

RSS Feed Homepage

Articles: 1, 2, 3, 4, 5, 6, 7

More Price to Rental Data
2008-01-05 17:30:00
I was just guessin?, At numbers and figures, Pullin? the puzzles apart Scientist — Coldplay . . Do you remember this post on the Price -to-Rental Ratio? Well, Calculated Risk has done another post regarding this issue. If you are not a regular reader of Calculated Risk, I highly recommend the blog. Their latest post contains two great charts I want ...
More About: Analysis , Data

Already Gone
2008-01-04 12:30:00
Well, I heard some people talkin? just the other day And they said you were gonna put me on a shelf But let me tell you I got some news for you And you?ll soon find out it?s true And then you?ll have to eat your lunch all by yourself ?cause I?m already gone And I?m feelin? strong I will sing this ...
More About: Rollback

Almost 2003
2008-01-03 12:30:00
She’s a brick—-house Mighty mighty, just lettin’ it all hang out She’s a brick—-house The lady’s stacked and that’s a fact, ain’t holding nothing back. She’s a brick—-house She’s the one, the only one, who’s built like a amazon We’re together everybody knows, and here’s how the story goes. Brick House — The Commodores You don’t see much brick in Irvine. This property has a brick ...
More About: Rollback

Springflower
2008-01-02 12:30:00
Its rainin but there aint a cloud in the sky Must of been a tear from your eye Everythingll be okay Funny, thought I felt a sweet summer breeze Must of been you sighin so deep Dont worry were gonna find a way Im waitin, waitin on a sunny day Gonna chase the clouds away Waitin on a sunny day Waitin’ on a ...
More About: Rentals

Predictions for 2008
2008-01-01 12:30:00
Slow Ride, take it easy Slow Ride, take it easy Slow Ride, take it easy Slow Ride — Foghat . . When I started writing for this blog, I wrote a series of posts culminating in Predictions for the Irvine Housing Market published on March 11, 2007. It seems only fitting to take this opportunity to take a look ahead at ...
More About: 2008

Auld Lang Syne
2007-12-31 12:30:00
Should auld acquaintance be forgot, And never brought to mind? Should auld acquaintance be forgot, And auld lang syne? CHORUS: For auld lang syne, my dear, For auld lang syne, We’ll tak a cup of kindness yet, For auld lang syne! And surely ye’ll be your pint-stowp, And surely I’ll be mine, And we’ll tak a cup o kindness yet, For auld lang syne! We twa hae run ...
More About: News

Irvine home prices and sales for November
2007-12-30 12:30:00
ZIP Median Change Sales Change 92602 $662,000 -23.9% 8 -78.4% 92603 $760,000 -29.3% 22 ...
More About: News , Home , November , Irvine

Serissa - Why pay more here when you can get a brand new home (exact floorp
2007-12-29 12:30:00
Originally posted January 27, 2006 Address: 52 Tea Garden, Irvine, CA 92620 (Northwood) Plan: 1600 sq ft - 3/3.5 MLS: S442227 DOM: 246 Sale History: 11/27/2004: $754,000 Price Reduced: 06/13/06 — $899,000 to $859,000 Price Reduced: 06/24/06 — $859,000 to $848,000 Price Reduced: 07/17/06 — $848,000 to $819,000 Current Price: $819,000 First, we’ll look at the flip. Here we’ve got a Plan 1 ...
More About: Home , Brand

REO in San Juan Bautista (Irvine)
2007-12-28 12:30:00
Address: 28 Bolinas, Irvine , CA 92602 Plan: 3 - 1622 sq ft - 3bd/2ba MLS: S516101 DOM: 4 Sale History: 12/4/2007: $638,586 (back to the bank) 9/9/2005: $680,000 6/11/2004: $675,000 Current Price: $529,900 This Plan 3 in the San Juan Bautista tract in Northpark went back to the bank earlier this month. At the current asking price, the bank ...

REO in San Juan Bautista (Irvine)
2007-12-27 20:45:00
    Address: 28 Bolinas, Irvine , CA 92602 Plan: 3 - 1622 sq ft - 3bd/2ba MLS: S516101 DOM: 4 Sale History: 12/4/2007: $638,586 (back to the bank) 9/9/2005: $680,000 6/11/2004: $675,000 Current Price: $529,900 This Plan 3 in ...
More About: Juan

More Avenue One Price Drops
2007-12-27 12:30:00
Address: 1124 Scholarship, Irvine, CA 92612 Plan: 1A 725 sq ft - 1/1 MLS: P609516 DOM: 46 Sale History: none Current Price : $334,990 See our previous posts on Avenue One. This brand new home is for sale by the builder, K Hovnanian. The builder listed a similar property in October 2006 for $396,990 which translates to ...

Parklane - Will this Woodbridge Flipper Succeed? - UPDATE #1
2007-12-26 12:30:00
Originally posted on October 16, 2006 Address: 7 Chenile, Irvine, CA 92614 (Woodbridge) Plan: 2201 sq ft - 4/2.5 MLS: S442943 DOM: 137 Sale History: 4/27/2006: $885,000 9/17/2003: $665,000 Price Reduced: 07/11/06 — $1,045,000 to $999,000 Price Reduced: 08/02/06 — $999,000 to $979,000 Current Price: $979,000 Our flipper purchased this Plan C in the Parklane tract in Woodbridge earlier this year and then ...
More About: Update

White Christmas
2007-12-25 12:30:00
I’m dreaming of a white Christmas Just like the ones I used to know Where the treetops glisten, and children listen To hear sleigh bells in the snow I’m dreaming of a white Christmas With every Christmas card I write May your days be merry and bright And may all your Christmases be white I’m dreaming of a white Christmas With every Christmas card I ...
More About: White , White Christmas

The Christmas Song
2007-12-24 12:30:00
Chestnuts roasting on an open fire Jack Frost nipping at your nose Yuletide carols being sung by a choir And folks dressed up like eskimos Everybody knows some tofu and some mistletoe Help to make the season bright Tiny tots with their eyes all aglow Will find it hard to sleep tonight They know that Santa’s on his way He’s loaded lots of toys And ...
More About: Christmas , Song , Christmas Song , The Christmas Song

The Little Drummer Boy
2007-12-23 12:30:00
“Little Drummer Boy“, David Bowie and Bing Crosby . . I hope you are enjoying your holiday season…

Christmas In Killarney
2007-12-22 12:30:00
The holly green, the ivy green The prettiest picture you’ve ever seen Is Christmas in Killarney With all of the folks at home It’s nice, you know, to kiss your beau While cuddling under the mistletoe And Santa Claus you know, of course Is one of the boys from home The door is always open The neighbors pay a call And Father John before he’s ...
More About: News

I?ll be Home for Christmas
2007-12-21 12:30:00
I’ll be home for Christmas You can plan on me Please have snow and mistletoe And presents ‘neath the tree Christmas eve will find me Where the love light gleams I’ll be home for Christmas And you’ll be in my dreams I’ll be home this Christmas, darling I’ll be coming home to you And there’s nothing in the world Gonna get in my way I’ll be ...
More About: Home

Are You Prepared?
2007-12-20 12:30:00
O Holy night, the stars are brightly shining It is the night of our dear Savior’s birth Long lay the world in sin and error pining Til He appeared and the soul felt it’s worth A thrill of hope the weary world rejoices For yonder breaks a new and glorious morne Fall on your knees O hear the angel voices O night divine! O ...
More About: Pare , Prep

HELOC Abuse
2007-12-19 12:30:00
Jingle bell, jingle bell, jingle bell rock Jingle bells swing and jingle bells ring Snowing and blowing up bushels of fun Now the jingle hop has begun Jingle bell, jingle bell, jingle bell rock Jingle bells chime in jingle bell time Dancing and prancing in Jingle Bell Square In the frosty air. What a bright time, it’s the right time To rock the night ...
More About: Abuse

America?s Debtor Prisons
2007-12-18 12:30:00
It’s the most wonderful time of the year (Most wonderful time) With the kids jingle-belling And everyone telling you Be of good cheer It’s the most wonderful time of the year (Wonderful time) It’s the hap-happiest season of all (wonderful time) With those holiday greetings And great happy meetings When friends come to call It’s the hap-happiest season of all There’ll be parties for hosting Marshmallows for roasting And ...
More About: America

Knife Catcher Wanted
2007-12-17 12:30:00
By request… (all right you Chipmunks! Ready to sing your song? -I’ll say we are! -Yeah! -Let’s sing it now! Okay, Simon? -Okay! Okay, Theodore? -Okay! Okay, Alvin? Alvin? ALVIN! -OKAY!!!) Christmas, Christmas time is near Time for toys and time for cheer We’ve been good, but we can’t last Hurry Christmas, hurry fast Want a plane that loops the loop Me, I want a hula hoop We can hardly stand the ...
More About: Catcher , Knife , Wanted

Irvine home prices and sales (Dec. 10)
2007-12-16 12:30:00
These are some interesting numbers… Median sale price Sales volume ZIPcode Prev. 4 weeks change from ?06 Prev. 4 weeks change from?06 92602 $658,500 -27.3% 9 -81.3% 92603 $737,000 -17.9% 22 -40.5% 92604 $583,000 -10.2% 16 0.0% 92606 $871,750 19.1% 8 -72.4% 92612 $472,000 -22.0% 24 4.3% 92614 $575,000 -3.2% 13 -18.8% 92618 $682,500 15.7% 20 53.8% 92620 $757,500 5.9% 16 -79.2% I am going to make a bold prediction: sales will improve in 92602, 92606 and 92620. After an 80% decline in sales, some improvement is nearly certain. Then again, sales could drop off to zero ...
More About: Home , Irvine , Prices

Price-to-Rental Ratio
2007-12-15 12:30:00
One of the cornerstones of my analysis of the housing market is the relationship between income, rent and house prices. When prices rise to where it is less expensive to rent, people who do not get caught up in the irrational exuberance of rising prices chose to rent rather than buy. From the graph above ...
More About: Rental , Price

21% off in Irvine
2007-12-14 12:30:00
Well, way up North where the air gets cold There’s a tale about Christmas that you’ve all been told A real famous cat all dressed up in red And he spends the whole year workin’ out on his sled. It’s the little Saint Nick little Saint Nick It’s the little Saint Nick little Saint Nick Just a little bobsled, we call it Old ...
More About: Rollback , Irvine

Christmas Time is Here Again
2007-12-13 12:30:00
Christmas time is here again Christmas time is here again Christmas time is here again Christmas time is here again Ain’t been round since you know when Christmas time is here again O-U-T spells “out” Christmas Time is Here Again — The Beatles . . Asking Price: $560,000 Income Requirement: $140,000 Downpayment Needed: $112,000 Purchase Price: $605,000 Purchase Date: 4/27/2006 Address: 24 ...
More About: Christmas

Are Short Sales Moral?
2007-12-12 12:30:00
So this is Christmas And what have you done Another year over And a new one just begun Ans so this is Christmas I hope you have fun The near and the dear one The old and the young A very merry Christmas And a happy New Year Let’s hope it’s a good one Without any fear And so this is Christmas For weak and for strong For rich ...
More About: Sales , Short , Moral

Wonderful Christmas Time
2007-12-11 12:30:00
The moon is right The spirits up Were here tonight And thats enough Simply having a wonderful christmastime Simply having a wonderful christmastime The partys on The feelins here That only comes This time of year Simply having a wonderful christmastime Simply having a wonderful christmastime Wonderful Christmas Time — Paul McCartney . . Today we are off to the races. We have a pair of small condos priced almost ...
More About: Rollback

U2
2007-12-10 12:30:00
I’m watching it fall Watching the people around Baby please come home The churchbells in town They’re rining a song What a happy sound Baby please come home Theyr’e singing deck the halls But it’s not like Christmas at all I remember when you were here And all the fun we had last year Pretty lights on the tree I’m watching ‘em shine You should be here with ...
More About: Rollback

Lilac Rollbac ** Update 2 **
2007-12-09 12:30:00
This property is still on the market, and they are still chasing the market down. The price now stands at $559,900. The losses now exceed $120,000… First Update September 3, 2007 Originally published July 13, 2007. The price has been reduced to $599,900. Assuming this seller gets their asking price, they stand to lose $86,094 after a 6% ...
More About: Rollback , Lilac

Balance
2007-12-08 12:30:00
I hear the bells Saying Christmas is near They ring out to tell the world That this is the season of cheer I hear a choir Singing sweetly somewhere And a glow fills my heart I’m at peace with the world As the sound of their singing fills the air Oh why can’t every day be like Christmas Why ...
More About: Balance