Turtle Rock Irvine CA Homes for Lease

OLYMPUS DIGITAL CAMERATurtle Rock Irvine CA has some excellent homes for lease opportunities – November 14, 2015.

See Turtle Rock Irvine CA homes now listed for lease – click here

Turtle Rock village at Irvine CA has about 3,500 homes and is one of the most sought-after areas for residential living and investment at Orange County CA.  Homeowners and home sellers continue to have high expectations and significant confidence in values.

Explore Turtle RockPeople love Turtle Rock village, especially because of famous and award-winning schools, wonderful geography, biking and hiking trails, location near UC Irvine, and that it has some of best weather anywhere.

See Turtle Rock Irvine CA homes now listed for sale – click here

See Irvine CA homes now listed for sale – click here

By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed for lease by all brokers and agents.   We provide professional REALTOR® agent and broker representation and help for property owners, buyers and investors – for their best decisions about homes and real estate.  Contact us to find out more about Turtle Rock Irvine homes and real estate.

Homes for Lease“Turtle Rock Irvine CA Homes for Lease”

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Turtle Rock Irvine CA Home Selling Market Update

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Turtle Rock homes, Irvine CA

Turtle Rock Irvine CA home selling market update for October 31, 2015, shows 34 Turtle Rock homes now listed for sale with the CRMLS multiple listing service.

That’s 20 percent fewer homes listed for sale at Turtle Rock as compared with two months ago and part of normal seasonal market change.

turtle rock irvine home selling-f-Turtle Rock village at Irvine CA has about 3,500 homes and is one of the most sought-after areas for residential living and investment at Orange County CA.  Homeowners and home sellers continue to have high expectations and significant confidence in values.

$1,323,000 – average listing price of homes for sale at Turtle Rock Irvine.

96 – average days on the market for Turtle Rock Irvine homes now listed for sale (more days on the market than two months ago with seasonal market change).

104 – Turtle Rock homes have sold so far this year – with $1,229,000 being average sold price so far during 2015.  83 days has been average time from listing to sale.

13  – Turtle Rock homes are now under  purchase contracts with buyers – in backup and pending status on the CRMLS multiple listing service.   These homes have average asking price for these homes at $1,236,000.

4 – Turtle Rock homes have sold with closed deals during the past 30 days – and average sold price for these homes was $1,026,000.

Average time on market from listing to sale of homes at Turtle Rock Irvine has lengthened and is about 5 months (that time it would theoretically take to sell all homes on the market at current pace of sales).

Home buyers at Turtle Rock Irvine have good choices and improved opportunities as compared with earlier this year.

People love Turtle Rock village, especially because of famous and award-winning schools, wonderful geography, biking and hiking trails, location near UC Irvine, and that it has some of best weather anywhere.

See Turtle Rock Irvine CA homes now listed for sale – click here

See Irvine CA homes now listed for sale – click here

See Irvine single level homes now listed for sale – click here

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By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.   We provide professional REALTOR® agent and broker representation and help for property owners, buyers and investors – for their best decisions about homes and real estate.  Contact us to find out more about Turtle Rock Irvine homes and real estate.

Explore Turtle Rock“Turtle Rock Irvine CA Home Selling Market Update – October 31, 2015”

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Turtle Rock Irvine Home Selling Market Update

Turtle Rock Crest

Turtle Rock Crest

Turtle Rock village at Irvine CA has about 3,500 homes and is one of the most sought after areas for residential living and investment at Orange County.

Turtle Rock home owners and sellers continue to have high expectations and significant confidence in values.

44 Turtle Rock homes are now listed for sale with the CRMLS multiple listing service (which is more than a 100 percent increase from six months ago).  Average listing price at Turtle Rock is now at $1,285,000 (which is about the same as six months ago).

Explore Turtle Rock

15 Turtle Rock homes are now under  purchase contracts with buyers – in backup and pending status on the multiple listing service.   These homes have average asking price for these homes at $1,342,000.

12 Turtle Rock homes have sold with closed deals during the past 30 days – which is about the same rate of sales as compared with six months ago.  Average sold price for these homes was $1,372,000.

Average time on market from listing to sale of homes at Turtle Rock Irvine is now less than 4 months (that time it would theoretically take to sell all Turtle Rock homes on the market at current pace of sales).

Home seekers and buyers at Turtle Rock Irvine now have good choices and improved opportunities as compared with six months ago.

People love Turtle Rock village at Irvine, especially because of famous and award-winning schools, wonderful geography, biking and hiking trails, location near UC Irvine, and that it has some of best weather anywhere.

See Turtle Rock Irvine CA homes now listed for sale – click here

See Irvine CA homes now listed for sale – click here

See Irvine single level homes now listed for sale – click here

What_is_your_Irvine_home_worth-b-

By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.   We provide professional REALTOR® and broker representation and help for property owners, buyers and investors – for their best decisions about homes and real estate.  Contact us to find out more about Turtle Rock Irvine homes and real estate.

“Turtle Rock Irvine Home Selling Market Update”

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Turtle Rock Irvine CA Home Selling Market Update

Turtle Rock Crest

Turtle Rock Crest

Turtle Rock village at Irvine CA has about 3,500 homes and is one of the most sought after areas for residential living and investment at Orange County.

Turtle Rock homeowners have high expectations and significant confidence in values.turtle_rock_irvine_home_sellling_market_updte
20 Turtle Rock Irvine homes are now listed for sale with the multiple listing service – with average asking price at $1,279,000.

With 44 Turtle Rock homes now listed for sale (increase of 100 percent as compared with two months ago, this market has lots of opportunities for buyers.  Average asking price for a Turtle Rock home is now $1,290,000.

Turtle Rock Village

Turtle Rock Village

19 Turtle Rock homes are now under purchase contracts with buyers – in backup and pending status on the multiple listing service – and average asking price for these homes at $1,309,000.

17 Turtle Rock homes have sold with closed deals during the past 30 days (an increase from same time last year) – with average sold price of $1,429,000 (also an increase of sold prices since same time last year).

Average time on market from listing to sale of homes at Turtle Rock Irvine is now about 3 months – that time it would theoretically take to sell all Turtle Rock homes on the market at current pace of sales.

People are attracted to Irvine, because of its positive economy and jobs, famous and award-winning schools, outstanding parks and recreation areas, hiking and bicycle trails, that it’s one of the safest cities in America, and has some of the best weather anywhere.

See Turtle Rock Irvine CA homes now listed for sale – click here

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How Much is Your Irvine Home Worth?

By Christi and Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.  We provide the best professional REALTOR® and broker representation 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.  Contact us at 949-854-7747 with your questions about home prices and values at Turtle Rock and Irvine areas.

“Turtle Rock Irvine CA Home Selling Market Update”

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Turtle Rock Irvine Home Sales Boom Again

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Turtle Rock village at Irvine CA has about 3,500 homes and is one of the most sought after areas for residential living and investment at Orange County.

Turtle Rock homeowners and sellers have high expectations and significant confidence in values.

20 Turtle Rock Irvine homes are now listed for sale with the multiple listing service – with average asking price at $1,279,000.

Turtle_rock_Irvine_home_sales_boom_again,_3-6-2015With only 20 homes now listed for sale, Turtle Rock Irvine is trending to favor sellers at this time.

13 Turtle Rock homes are now under purchase contracts with buyers – in backup and pending status on the multiple listing service (which is twice as many since start of the year) – and average asking price for these homes at $1,256,000.

11 Turtle Rock homes have sold with closed deals during the past 30 days – with average sold price of $1,148,568.

Average time on market from listing to sale of homes at Turtle Rock Irvine is now less than 3 months – that time it would theoretically take to sell all Turtle Rock homes on the market at current pace of sales.

People continue to be attracted to Irvine, because of its positive economy and jobs, famous and award-winning schools, that it is one of the safest cities in America, and some of the best weather anywhere.

Turtle Rock Irvine home buyers got busy during February this year, and home sales are booming again. 

See Turtle Rock Irvine CA homes now listed for sale – click here

See Irvine CA homes now listed for sale – click here

See Irvine single level homes now listed for sale – click here

People are attracted to Irvine, because of its positive economy and jobs, famous and award-winning schools, that it is one of the safest cities in America, and some of the best weather anywhere.

By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.  Providing professional REALTOR® and broker representation – 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.  Contact us at 949-854-7747 with your questions about home prices and values at Turtle Rock Irvine and Orange County CA cities and areas.

What_is_your_Irvine_home_worth-b-

“Turtle Rock Irvine CA Home Selling Market Update”

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Orange County CA Housing Demand Jumps

The Orange County CA housing market has shifted with sudden jump in buyer demand.

IMAG0223 (Large)_optDuring the past month from January 15 to February 15, 2015, buyer demand has increased by 64%.

After the first month of 2015, it looked like this year would be similar to 2014.  However, the market shifted with greater buyer demand during the past month.

Orange County Property NewsHome buyer demand increased by 566 pending sales in the past two weeks and now totals 2,619.   This two week surge was the largest increase since February 2012.  Last year at this time demand was at 2,381 pending sales, 9% fewer than today.  As a result of the rapid increase in demand, the expected market time dropped to 62 days from 78 just two weeks ago, pushing housing deeper into a seller’s market.

Something changed, and the big difference is cheaper money in the form of low interest rates.  Low interest rates are fueling housing demand and, as a direct result, the Orange County housing market has blasted off.

Today’s rates are a half a point cheaper than a year ago.  For a jumbo conforming loan, loans between $417,001 and 625,500, rates are at 4% versus 4.5% a year ago. For the median priced home in December 2014, $591,000, and a 20% down payment, a buyer is looking at a monthly mortgage of $2,257 at today’s rate, versus $2,396 at 4.5%.  That’s a savings of $139 per month, nearly $1,700 per year, or $50,000 over the 30-year term.

Buyers are making wise choices to pull the trigger now – to buy now because rates are cheap and are down to historical lows.

Current home loan interest rates are low, because they have been artificially pushed down by the Federal Reserve for years.  The Federal Fund rate has been kept at nearly zero since December 2008.  They have hinted at raising these rates.  When short term rate increases, long term rates, home mortgages, will soon follow.

Prior to the recession of 2007 to 2009, mortgage rates were about 6.5%.  For the December median sales price home, that’s an extra $731 per month every single month.  In 2000, rates were at 8%, or an extra $1,212 per month.  In 1990, rates were at 10%, and in 1981 they reached 18%.

Today’s rates are unbelievably low – and smart buyers will take advantage of this gift compliments of the U.S. government.

It’s likely that the FED will keep rates in the low to mid-five-percent range within the next couple of years.  That difference in monthly payments will put a dent in buyers’ pocketbooks and their monthly budgets.  Cashing in on low rates today means more disposable income.

Many Orange County CA buyers will continue to look to pay the Fair Market Value for a home this year.   From the official start of spring at the end of March, through the start of summer at the end of June, more homes will come on the market than any other season.  Home selling success will be determined by value and correct seller pricing.

 

By Harrison K. Long, professional real estate representative, Realtor, real estate broker, and professional real estate representative at Orange County CA.  Source of some information is ReportsOnHousing.com and CRMLS multiple listing service. 

Coldwell Banker residential brokerage

Professional real estate agent and broker representation – with 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. Contact us at 949-854-7747 with your questions about home prices and values at Orange County CA cities and areas with Home Selling and Real Estate market updates.

Orange County CA Housing Demand blasts off.

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17 Important New Provisions of the CA Residential Purchase Agreement

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Professional real estate representatives in California must study, be prepared to discuss with their buyers and sellers, and utilize the CA Residential Purchase Agreement form.

This new RPA-CA was revised and published by the CALIFORNIA ASSOCIATION OF REALTORS®  on November 25, 2014.

California real estate

This contract form has grown in size and scope to include statutory clauses and incorporate evolving needs of real estate professionals.

Residential purchase agreementThe RPA-CA is a most-trusted contract form used by Realtors and professional real estate representatives in California.

Here are 17 of the most important new provisions that real estate professionals and their clients will consider about the new RPA-CA:

1.   This form now takes a unified approach to inspections and repairs.  Wood-destroying pests and organisms inspection, and all other inspections, are treated equally (see paragraph 7.A).

2.   The time to remove the buyer loan contingency has been extended from 17 to 21 days by default on this form (However, this amount time is negotiable between the parties). Coinciding with this change is removal of an optional paragraph allowing the loan contingency to remain until the loan is funded.

3.   A new paragraph has been added to explicitly address the issue of items included in the sale that may not be owned by the seller or that may, by virtue of their presence, cause a lien to be recorded against the property (such as installed solar panels and equipment).

4.   The paragraph concerning what is included in the sale now specifically mentions what is being call “home automation systems”.  These devices allow a home owners to remotely control certain home functions, such as turning on the water, lights, or appliances, or setting the alarm, and adjusting the thermostat on the HVAC system (see paragraph 7.B.8).   Items excluded from the sale (see paragraph 7.B.8.C.).

5.   The default method for the buyer’s obligation to bring a deposit directly to escrow has been changed to an electronic deposit rather than a check (see paragraph 3.A.(1).

6.   No longer will the removal of the loan contingency automatically be deemed a removal of the appraisal contingency (see paragraph 3.J.2).  These two separate important terms are to be independent.  And if the appraisal contingency is removed and the buyer’s chosen lender refuses to loan because the appraisal is too low, the buyer cannot rely on the lender’s appraisal as a reason to cancel the contract without penalty.

7.   Who pays for government requirements and retrofit (see paragraph 7.B)

8.   Agent Visual Inspection disclosure impact (see paragraph 10.2)

9.   Buyer’s right of inspection (see paragraph 12.A.)

10.  Preliminary title report to buyer (see paragraph 13.A).

11.  Time periods and removal of contingencies (see paragraph 14.A. and B)

12.  Effect of Cancellation of Contract (see paragraph 14.G.)

13.  Repairs by seller (see paragraph 16)

14.  Scope of duty of brokers (see paragraph 18.B.)

15.  Representative capacity for signing of documents (see paragraph 19)

16.  Assignment of contract rights (see paragraph 26).

17.  Mediation and arbitration provisions preserved (see paragraph 22.C.)

By Harrison K. Long.  Professional REALTOR® agent and broker representation 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.  Contact us at 949-854-7747 with your questions about market information  and home prices and values at Orange County CA cities and areas.  Thank you. 

Coldwell Banker residential brokerage

 

 

17 Important New Provisions of the CA Residential Purchase Agreement

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Turtle Rock Irvine Home Sales and Real Estate Update

Turtle Rock Irvine Homes and Real Estate Market Update – December 27, 2014

20141112_124742Turtle Rock village at Irvine CA has about 3,500 homes and is one of the most sought after areas for residential living and investment at Orange County.

Turtle Rock homeowners and sellers have high expectations and significant home buyer confidence in values.

26 Turtle Rock Irvine homes are now listed for sale – with average asking price at $1,156,972.  These range from a 2-bedroom Ridge Bren townhome priced at $549k to a Highlands single family detached home priced at $1,895,000.

Turtle Rock Irvine CA real estate This number of homes for sale listings has decreased as compared with October through November at Turtle Rock, and that’s consistent with seasonal drop in active listings.

8 Turtle Rock homes are now under purchase contracts with buyers – in backup and pending status on the multiple listing service – and average asking price for these homes at $1,546,063.

8 Turtle Rock homes have sold with closed deals during the past 30 days – with average sold price of $1,139,625.

OLYMPUS DIGITAL CAMERAAverage time on market from listing to sale at Turtle Rock Irvine is now about 3.2 months – which is time it would theoretically take to sell all Turtle Rock homes on the market at current pace of sales.

Irvine home sellers are serious are serious this time of year and considering “fair market value” – the amount that other homes in the neighborhoods have actually sold for.  Home selling markets at Irvine are more balanced now as compared with first six months of 2014 – while buyers have some negotiating power and improved choices.

People are especially attracted to Irvine, because of its positive economy and jobs, famous and award-winning schools, that it is one of the safest cities in America, and some of the best weather anywhere.

See Turtle Rock Irvine CA homes now listed for sale – click here 

See Irvine CA homes now listed for sale – click here

See Irvine single level homes now listed for sale – click here

See Quail Hill Irvine homes now listed for sale – click here.

Coldwell Banker residential brokerageBy Harrison K. Long. Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.

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.  Contact us at 949-854-7747 with your questions about home prices and values at Irvine and Orange County CA cities and areas and about Turtle Rock Irvine Homes and Real Estate market update.

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Irvine Real Estate Market and Home Selling Update

Irvine Home Selling and Real Estate Market Update – November 22, 1014

Irvine CA homes and real estate market update

IMAG0187-c-Irvine CA is the economy driver at Orange County – has a population of about 230,000 people and is still growing.

Irvine homeowners and sellers have high expectations and confidence of the buyers.

530 Irvine homes are now listed for sale – with average list price of $1,131,333.

That’s a 9.2 percent drop in number of Irvine listings since November 1 (three weeks ago) when 584 Irvine homes were listed for sale.

It’s also a 28.3 percent drop in number of homes listed for sale since September 1 – when 740 Irvine homes were listed for sale.

121 Irvine sellers got buyers for homes under contract and went into escrow during the first 21 days of November – and average list price for those homes was $827,472.

The average list price of an Irvine home going into escrow is about 25 percent lower than average for sale listing price of all Irvine homes.

210 Irvine homes sold with closed deals during October 2014 – with average sold price at $902,560 – and average time on market for those homes was 72 days.

Irvine CA average home selling market time is now about 2.5 months – that time it would theoretically take to sell all homes on the market at current pace of sales.

Irvine home sellers who are serious are looking carefully at “fair market value” – the amount that other homes in the neighborhoods have actually sold for.

Irvine home selling markets are more balanced now as compared with last year November 2013 – with little or no advantage to either buyers or sellers. Buyers have improved negotiating power and choices.

More homes are sold and money spent to buy Irvine real estate as compared with any other city in the OC.

People are especially attracted to Irvine, because of its positive economy and jobs, famous and award-winning schools, that it is one of the safest cities in America, and some of the best weather anywhere.

See Irvine CA homes now listed for sale – click here

See Irvine single level homes now listed for sale – click here

See Woodbridge Irvine homes now listed for sale – click here.

See Quail Hill Irvine homes now listed for sale – click here.

See Northwood Irvine homes now listed for sale – click here.

See Turtle Rock Irvine homes now listed for sale – click here.

See Turtle Ridge homes now listed for sale – click here.

Coldwell Banker residential brokerageby Harrison K. Long. Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.

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.

Contact us at 949-854-7747 with your questions about home prices and values at Irvine and other Orange County CA cities and areas and about Irvine Home Selling and Real Estate market update.

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Turtle Rock Irvine CA Hiking Trails

Turtle Rock Irvine CA has amazing and beautiful hiking trails.

Bommer Canyon trail bridge

 

 

 

See video slide show – Turtle Rock Irvine CA hiking trails

 

Crest trail views toward Newport Center and Pacific ocean in distance

 

 

French hill trail

 

 

 

 

Turtle Rock Crest trail

Shady Canyon trail bridgeShady trail bridge

Bommer canyon trailhead

 

 

 

 

 

Bommer Canyon trailhead

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Turtle Rock Glen

 

 

Trail view toward Strawberry Farms

 

 

 
Turtle Rock Glen

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By Harrison K. Long – 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. – Broker associated with Coldwell Banker Residential Brokerage – CAL BRE 01410855

Contact us at 949-854-7747 with your questions about homes and properties at Irvine and other Orange County CA cities and areas.

Posted in Explore Turtle Rock, Turtle Rock Glen community, Turtle Rock homes and properties, Turtle Rock Irvine, Turtle Rock Village | Tagged , , , , , , , | Leave a comment