Irvine Real Estate Blog

Finding any kind of estate priced around the half million dollar mark is very hard to find as real estate prices in the last 4 to 5 years have really gone up.  Since mortgage interest rates are climbing up slowly this is causing real estate prices to soften "a little" bit here in Irvine with homes and condos staying on the market for a little bit longer than what we have become used to.  If you are in the market to buy a property for under $600,000 then you will probably end up either buying a condo or a mobile home.  When it comes to condos there a couple places to keep an eye on.  The Watermarke condo complex is one of the best places to look as it's still possible to find 1 bedroom condos in the mid $500,000 range.  There a ton of amenities that come

One of the most popular neighborhoods within the Cypress Village Irvine community is the Jasmine neighborhood.  Here you will find two to three bedroom condos that often come up for lease.  On average, we see about 20 condos come on the market for rent here that often leased out within a two week period.  In 2021, it wasn't uncommon to find a three bedroom condo for lease in the mid $3,500 to low $4,000 a month range but that all changed in the latter part of 2021 and all of 2022.  Last year the typical price for a three bedroom condo was around $4,500 to $5,000 a month and this price points continues in the first month of 2023.  We have put together a rental history chart for the Jasmine Creek community that gives you a good idea of what places have

The Irvine Real Estate luxury real estate market has continued to remain strong with 38 homes selling this year for over $5 million dollars.  The 8 most expensive of these homes were all sold in the luxury Shady Canyon community in Irvine which is ideally located on the ocean side of the 405 freeway in a secluded and private location.  It's not a surprise that home buyers have flocked to this neighborhood since homes in this area tend to hold their value and offer very large square footage homes and lots.  The following properties were the 3 most expensive homes that sold this year in Irvine, California.

20 Black Falcon, Irvine was the most expensive home sold this year which closed for $13 million in June of 2022.  This was a very large home that

One of the popular community located in the Woodbridge community in Irvine is the Briarglen community.  One of the reasons for it's popularity is that is offers both one and two story homes in a community that is within walking distance to Springbrook Elementary school and Southlake Middle school.  There is also a lot of value in the amenities found here with low monthly association dues that average around $115.00 a month.  These amenities include a community clubhouse, pool, tennis court and outdoor playground area.    Real Estate prices over the years was under the $1 million dollar price point until the year 2020 when we first started to see homes selling over one million dollars.  Since then we have seen homes sell for as high as $1,550,000 for a

One of the new and exciting brand new construction communities to come on the market is the Skylark at Solis Park neighborhood.  Located within the Great Park area of Irvine are brand new homes that are currently being built and slated for completion later this year.  The Solis Park community is home to several neighborhoods that include Skylark as well as the Daybreak neighborhood which are being advertised as starting in the low $1.8 million dollar range for homes between 2,730 to 3,223 square feet of living space.  

There is currently one listing in the Skylark community that is on the market for sale and listed at $1,574,990.  It features a total of four bedrooms with four bathrooms and an approximate 2,591 square feet of living space.  This a new

Going back to between 2014 to 2015 many of the jade Court condos were built in the very desirable Cypress Village community in Irvine, California. If you are new to real estate in the Irvine area then let me first let you know there have been a large number of new communities built in the last 10 years with a wide variety of single family homes and residential condos to choose from.  Cypress Village was one of many new communities that was built with a good choice of residential homes and condos to choose from.  What impressed me about this property when it was first built was the quality of construction that was taking place.  There was also a well planned out area for parks and children to play which I thought was done perfectly.  Of course, one of the

We had an inquiry today asking for information on what has sold for in the Woodbridge Parkside community.  We did a quick search and found over 25 listings that have sold in the last 3 years that area also pictured below.  The great thing about this spread sheet is that it shows the date that the property was sold, the number of bedrooms and bath, square footage and also the price per square foot.  The price per square foot is a good way to quickly measure how things are selling in any given community.  Many of the condos that have sold in Parkside are just under 1,400 square feet which also shows that many of these are selling in the low $600 to mid $750 price per square foot.  Of course, this is just a quick snap shot to see what prices these condos

When looking to purchase a home there are a lot of factors that go into finding a home.  Once you have located a home then you have to crunch all of the numbers to see what your monthly payment would be If you are planning to get a loan.  Often times buyers only look at monthly payment would be for the principal amount and interest and forget to includes taxes and insurance which often times can add a lot of cost to monthly amount.  This is commonly known as PITI, principal + interest + taxes + insurance.  In Irvine, the large majority of properties may have some kind of monthly homeowners association dues that also need to be calculated into the monthly payment.  Don't forget to also check if the property has a Mello Roos tax on top of all of that which

One of the common features that is now starting to be sold with homes in Irvine are solar panels.  It was only a few years back when there was a limited number of properties being sold with panels but this is not the case anymore.  In fact, when the green movement moving full speed ahead many owners are looking to do their part in utilizing the many sunny days that we have here in Irvine to their advantage.  One thing that is still the same is that some buyers still don't understand what it means to buy a home with panels on it as there are a variety of situations that it can be transferred to the new buyer.  We will go over a few of these options here.

First, the most common way current homeowners have solar panels on their home is by leasing them.

The Great Park area is arguably one of the best places to find a newer construction rental home in all of Irvine. If you are new to the Irvine area then you will quickly release that over the years there have been a lot of new neighborhoods being built at record paces with a lot of new construction inventory to choose from.  Now as the housing market is starting to cool off and higher interest rates going up we are seeing more of our clients to turn to renting a home rather than buying.  The Great Park area always has a wide selection of properties that were often built after 2015 which is very important to many renters in the Irvine area that tend to prefer newer construction properties more than any other area.  Over the past 5 months we have seen a