92612 Irvine, CA Real Estate Supply and Demand 2010 2011
By Deepak Chauhan Asso-Broker, MLO, RE and Loans. IRVINE, CA (949) 748-9834
Here are the statistics for Irvine Zip Code 92612 ( Why it is so important ... cause I live here for last 11Years), by Month for 2010 and 2011. There are NO such rules that states SAME amount of properties must sell every year, but last year's sales are considered as a benchmark to see what can be interpreted out of the data available. Everyone has their own opinions and here is mine. There There are 39 % less for sale properties, which can be interpreted as sellers are loosing confidence in the market, but CAN afford to wait for some more time to sell till market improves. At the same time the number of sold properties is up by 18% indicating the buyers are taking advantage of the market and they are buying or investing more than they did last year. Regardless, there comes a time where...