In just two weeks, Orange County housing demand has increased 22% while supply has only increased 2%.
When the supply of homes is low and the demand to buy homes is high, the expected market time falls. That is exactly what is occurring right now. This week escrow closed on my 119 Greenmoor listing which sold with multiple offers, after only 6 days on the market. And it sold for 10% higher than the list price!
A week after it went into escrow, I listed another Greenmoor home, (in the Laurels neighborhood), and it too sold after just a few days, with multiple offers, and is currently in escrow.
I expect the high demand to continue, mainly because historically more buyers come out after the SuperBowl.
There are 15 Woodbridge homes currently listed for sale, up from 14 at the beginning of January. One of them is 10 Woodflower, my gorgeous 4-bedroom Landing II listing with a magnificent salt-water pool. It is listed at $1,600,000. See some photos and more info at this link.
There are 309 properties for sale elsewhere in Irvine. See all Woodbridge homes for sale.
For info on any of these, shoot me an email, or call me at 949-232-5634.
21 Woodbridge homes sold in January 2017, at prices from $492,000 for a 2-bedroom, 1.5 bath attached condo at 18 Rosemary in the Villager neighborhood, to $1,230,000 for 2 Lakeknoll, a 3-bedroom, 2.5 bath detached condo with a great lake view, in the Crossing neighborhood.
21 Woodbridge homes are in escrow, (Pending or Backup Offers status), at an average list price of $804,209.