
November 6th, 2009, 12:00 pm by Erika Chavez, Staff Writer
 64 Rockport, Northpark
The pickings are slim as far as Open House offerings this weekend. Could this be the unofficial start of the fall/winter housing market doldrums? Have you noticed a general slowdown in home buying/selling activity?
Here’s a look at three homes that will open their doors this weekend so perspective buyers can get a gander.
64 Rockport, Northpark
- Price: $839,000
- Open house: Saturday, Noon to 5 p.m.
- Details: 4 bedroom, 2.5 bath, 2,500-square foot home in gated community.
18751 Via San Marco, Turtle Rock
- Price: $1,407,512
- Open house: Saturday, 1 to 4 p.m.
- Details: 3 bedroom, 2.5 bath, 2,600-square foot home built in 1969.
34 Vernal Spring, Shady Canyon
- Price: $2,895,000
- Open house: Saturday, 2 to 4 p.m.
- Details: 4 bedroom, 4 bath, 4,820-square foot home built in 2003.
Want more news? CLICK BELOW!

Posted in: Home prices • houses • open houses | Post a Comment »
November 6th, 2009, 5:00 am by Erika Chavez, Staff Writer
My husband likes to joke that he’d never buy the nicest house on the block, because that would make it Target #1 for thieves.
That’s not a concern in Irvine (if you believe the safety statistics), but this Turtle Rock home still caught my eye for what set it apart from its neighbors: the price.
The property at 19421 Sierra Noche Road is listed for $1,475,000, which seems steep for this neighborhood. According to Redfin, similar homes in neighboring “Sierra” streets have sold for between $855,000 and $939,000 in recent months.
The home’s exterior seems unremarkable. So why the hefty premium? The property description clues us in:
You really can have it all in Turtle Rock! Eco-conscious and technologically advanced home meets the most discriminating taste in high-end upgrades and materials. Over $600,000 spent in 2008 customizing from the studs. New everything throughout including insulation, electrical, plumbing, drywall, windows, doors, furnace, a/c, roof, appliances, floors, cabinetry, fixtures etc. No expenses spared…Walker Zanger glass in kitchen and baths. 2 dishwasher drawers and warming drawer. Blue Star commercial 48′ range. Vent-a-hood. All maple cabinets have upgraded box construction featuring dovetail joints and soft-close drawers. $80,000 solar system with off-grid battery backup to run power in the event of blackouts to customized ports like the refrigerator, lights and even the internet!
This home was last sold in March 2006 for $1,295,000. Which means that after the $600K in upgrades, it looks like the sellers will be taking a hefty loss.
CLICK THE PHOTOS for a closer look. As you can see, even the baby’s bedroom looks like it’s straight out of a magazine.
So…what do YOU think? Would you buy the nicest/most expensive home in the neighborhood? Why or why not?
And when it comes to upgrades, what’s most important or valuable: kitchen, floors, bathrooms? What about extras like a solar power system? Weigh in!
Posted in: Home prices • Most expensive listings • Turtle Rock • houses | 3 Comments »
November 5th, 2009, 12:00 pm by Erika Chavez, Staff Writer
Five more Irvine homes are now in default on loans and scheduled to go to auction, according to legal notices printed Nov.. 5th.
This is a marked decrease from previous weeks, when at least a dozen homes at a time were listed in default.
Here are the properties in default:
58 Woodleaf, Woodbridge
- Amount owed: $425,436.49
- Last sale: Jan. 2006, $490,000
- Auction date & time: Nov. 25 at Noon
- Location: In front of the flagpoles at Placentia Civic Center, 401-411 E. Chapman Ave.
- Trustee sale #: 736250CA
- Information: 714-573-1965
2141 Watermarke Place, Airport Area
- Amount owed: $490,43.79
- Last sale: Nov. 2005, $545,000
- Auction date & time: Nov. 25 at 9 a.m.
- Location: Front steps to the Orange Civic Center, 300 E. Chapman Ave.
- Trustee sale #: 20089134005971
- Information: 925-603-7342
117 Alberti Aisle, Westpark
- Amount owed: $350,495.95
- Last sale: Aug. 2005, $377,000
- Auction date & time: Nov. 25 at 10 a.m.
- Location: In front of the flagpoles at Placentia Civic Center, 401-411 E. Chapman Ave.
- Trustee sale #: 1231080-14
- Information: 619-590-1221
24 Morningdale, West Irvine
- Amount owed: $507,727.32
- Last sale: Nov. 2005, $592,000
- Auction date & time: Nov. 25 at 3 p.m.
- Location: Front steps to the Orange Civic Center, 300 E. Chapman Ave.
- Trustee sale #: 20099070816407
- Information: 714-480-5690
7 Hope, Turtle Rock
- Lien amount owed: $8,032.58
- Last sale: June 2006, $1,480,000
- Auction date & time: Nov. 18 at 10 a.m.
- Location: In front of the flagpoles at Placentia Civic Center, 401-411 E. Chapman Ave.
- Trustee sale #: 905420
- Information: 310-207-2027
To see all the latest homes headed to foreclosure, read Thursday’s Irvine World News.
Posted in: Foreclosures • auction • default • distress | Post a Comment »
November 5th, 2009, 5:00 am by Erika Chavez, Staff Writer
Welcome to the fifth round of the Home Smackdown!
Previously, we compared similarly priced listings in Irvine and Lake Forest, Irvine and Fullerton as well as Irvine and North Tustin and asked: which home would you rather buy? The Round 1 winner was North Tustin with more square footage, a bigger lot and lower property taxes. Round 2 had no winner, with most readers saying both homes were overpriced. Lake Forest scored a decisive victory in Round 3, pummeling the Woodbridge home it faced off against.
We switched things up a bit in Round 4 by pitting two Irvine neighborhoods against each other. Readers weren’t impressed by either option.
In Round 5, Irvine is going toe-to-toe with Huntington Beach. See how these two similarly priced homes compare, and then tell us: which would YOU rather buy?
In this corner: Irvine.

- Address: 15 Del Perlatto, Irvine
- List price: $675,000
- Square feet: 1,600
- Price per square foot: $422
- Lot size: 4,006 sq. ft.
- Year built: 1987
This 3-bedroom, 3-bath home is located in the Westpark neighborhood and boasts a sun room and a double-sided fireplace. Fruit trees dot the wrap-around yard on this oddly shaped lot. Monthly HOA dues? $42, which includes access to a community pool.
And in this corner, weighing in at $5,000 less: Huntington Beach.

- Address: 6382 Fallingwater, Huntington Beach
- List price: $670,000
- Square feet: 1,948
- Price per square foot: $344
- Lot size: 6,000 sq. ft.
- Year built: 1967
This single-story home has 4 bedrooms and 1.75 baths. Features include two fireplaces and high ceilings with exposed beams. Located in West Huntington Beach, the home is close to an elementary school and is not part of a Homeowners Association.
CLICK ON THE LINKS to browse through more property pictures, then tell us:
Which house is the better deal in this Smackdown?
Posted in: Home Smackdown • Westpark • houses | 2 Comments »
November 3rd, 2009, 6:09 pm by Erika Chavez, Staff Writer
As of last Thursday, there were 495 active homes for sale in Irvine, with an expected market time of 2.15 months, according to a biweekly report done by Steven Thomas of Altera Real Estate. That’s a benchmark tracking how many months it theoretically takes to sell all the inventory in the local MLS for-sale listings at the current pace of pending deals being made.
That number is unchanged compared to two weeks ago, when there were also 495 active homes for sale in Irvine, with an expected market time of 2.10 months.
One year ago, the expected market time was 5.56 months, and two years ago, the expected market time was a whopping 12.60 months.
Here’s Thomas’ take on where the demand lies:
There is very little fresh, new inventory. The lower the range, the “spookier” it gets. Properties that are priced right and in great condition are flying off of the market with multiple offers and tremendous activity. Buyers new to the market are dumbfounded by all of the competition. Their expectations are of doom and gloom and the ability to “cherry pick” whatever home they are interested in AND at a discount. Yet, just about every agent has pockets filled with buyers who want to buy but have been unable to purchase after losing out on property after property.
As someone who has made three offers on homes under $600K with no luck, I would have to agree with Thomas’ assessment. Do YOU agree?
The average list price for Irvine homes is currently $1.2 million, and 27.3 % of listings are distressed, meaning they are foreclosures or short sales. That’s a slight decrease from Thomas’ last report, when 27.5% of Irvine listings were distressed.
Other real estate trends:
Posted in: Home prices • Trends • Altera Real Estate • numbers | 1 Comment »
November 3rd, 2009, 12:00 am by Erika Chavez, Staff Writer
The folks at Realtor.com pulled together a list of the top 10 most searched listings in Irvine last week. 7 of the 10 listings appeared in previous rankings, so we’ll just highlight the three newcomers to the list.
As always, these popular homes for sale are within 20% of Irvine’s median list price, which is currently $830,000. Among the most viewed for the week of Oct. 26th through Nov. 1:
33 Mandrake Way, Irvine, CA $679,000
45 Red Rock, Irvine, CA $799,900
8 Blue Ridge Road, Irvine, CA $675,000
33 Mandrake is back on the market after falling out of escrow. The spacious University Park townhome has been extensively remodeled and is listed for $679,000.
45 Red Rock in Deerfield has only been on the market for 14 days and is already accepting Backup Offers. Last list price: $799,900.
8 Blue Ridge Road in Northwood is a short sale listed at $675,000. It recently came back on the market after a months-long absence, catching quite a few online eyes.
What do you think? What catches your eye when searching online listings? Is it the price, the location, the specs or a combination of all three?
Want more news? CLICK BELOW!

Posted in: Home prices • houses • Realtor.com | Post a Comment »
November 2nd, 2009, 5:00 am by Erika Chavez, Staff Writer
For the 22 business days ending Oct. 13 – DataQuick’s freshest homebuying stats — these sales trends appear in Irvine ZIPs …
• Citywide sales totaled 207 – that’s +13% vs. a year ago. Countywide, sales were +2% vs. a year ago.
• Of Irvine’s 8 ZIP codes, 4 had sales gains vs. a year ago while 4 had a gain in their median selling price vs. a year ago.
• 3 of these 8 ZIP codes beat the 2.4% overall performance of the countywide median for the past year.
Here’s how the latest DataQuick report breaks down Irvine ZIPs; change is vs. a year ago:
| ZIP |
Median price |
Yr. chg. |
Sales |
Yr. chg. |
| 92602 |
$777,500 |
+17.8% |
28 |
+33.3% |
| 92603 |
$715,000 |
-10.1% |
23 |
-11.5% |
| 92604 |
$510,000 |
-1.0% |
37 |
+184.6% |
| 92606 |
$480,000 |
+10.7% |
12 |
-7.7% |
| 92612 |
$515,000 |
-0.2% |
20 |
-37.5% |
| 92614 |
$460,000 |
+2.2% |
18 |
+20.0% |
| 92618 |
$676,500 |
+43.9% |
23 |
+130.0% |
| 92620 |
$542,500 |
-20.8% |
46 |
-14.8% |
| All OC |
$430,000 |
+2.4% |
2,836 |
+2.3% |
• For more on overall Orange County homebuying trends, CLICK HERE!
Posted in: Home prices • Trends • DataQuick • numbers | Post a Comment »
October 30th, 2009, 5:00 am by Erika Chavez, Staff Writer
An Irvine Homes reader wrote in last week, soliciting advice on how to score a sweet rental deal. Our readers came through with some great tips.
Reader Talyssa writes:
One thing I highly recommend is that you go around 8-9pm on a weekday and drive around the properties you are interested in. You can instantly see what the population density is like (if every spare inch is covered in cars you know they are packing way more people into the area than it was ever designed for) and how courteous people are in terms of the mess they leave around at night (trash left outside the bins, cars parked crooked or taking up multiple spaces, etc).
The best luck we have had for both of our last two places was just walking in to a bunch of leasing offices and asking what they had to offer for me to sign that day. Usually you can put down a small deposit that is fully refundable within 1-2 days to hold the apartment for that time…
The thing with calling a leasing office is that they kinda don’t care about making the sale, the agent on the phone has no guarantee that you will come in and sign with him/her so they won’t really go out of their way to lure you in. If you walk in the person helping you is MUCH more motivated to close the deal — the way most leasing offices work is each agent gets some kind of credit (bonus, something) for each new renter that they sign… They will do their best to get you to do that including offering you as many enticements as possible.
Also don’t be afraid to say “I dont’ want to pay xx, I’m looking to pay yy” — they don’t always have a TON of a flexibility on price but they will often direct you to another complex that they think might.
Reader Big Cat chimes in, letting us know that Talyssa has the right idea:
I worked as a District Manager for a Property Management company for several years. The agents in the office do get bonus money for getting “X” amount of people to lease.
There is also a minimum that a unit can rent for on a specific day. Fair housing states you must give that price to anyone, but it does not have to be the first offer. Usually the agent starts at retail and works back from there.
Ask if they have any specials first. Then ask what price you will get by reserving today. Try to talk with the manager about the apartment, they usually get bigger bonus checks if they fill their units, so they are more aggressive in making deals. Most managers work on the weekdays.
If you can sneak a peak on their desk, they usually have a list of the apartments available, if there are a lot on the list, they will make better deals.
Also, going the last week of the month when the properties are trying to get on target for month end is a good way to get the best deal.
Finally, check out the reviews if you are looking at a complex. Most of them will be bad, but you can see what recurring problems are at each property.
There you have it…readers helping readers. Any additional tips to share? Please add them in the comments!
And if you’d like to solicit advice in a future Ask the Readers! column, email your query to echavez@ocregister.com.
Related links:
Will seller “dishonesty” derail this home sale?
Is this Irvine condo a good investment property?
Advice needed: Rent in Irvine or near the beach?
Advice needed: To buy or not to buy?
Dilemma resolved: reader holding off on home purchase
Posted in: Rentals • advice • industry | Post a Comment »
October 29th, 2009, 12:00 pm by Erika Chavez, Staff Writer
 51 Cartier Aisle, Westpark
Twelve more Irvine homes are now in default on loans and scheduled to go to auction, according to legal notices printed Oct. 29th.
Three of these homes are in default for close to $1 million– or more.
Here is a sampling of the properties in default:
28 Sylvan, Turtle Ridge
- Amount owed: $1,851,139.47
- Last sale: Nov. 2006, $1,952,500
- Auction date & time: Nov. 18 at 10 a.m.
- Location: In front of the flagpoles at Placentia Civic Center, 401-411 E. Chapman Ave.
- Trustee sale #: 736250CA
- Information: 714-573-1965
23 Balcony, Quail Hill
- Amount owed: $1,431,511.95
- Last sale: April 2007, $2,106,500
- Auction date & time: Nov. 18 at 3 p.m.
- Location: Front steps to the Orange Civic Center, 300 E. Chapman
- Trustee sale #: D393187
- Information: 714-480-5690
12 Galaxy, Turtle Rock
- Amount owed: $988,749.75
- Last sale: March 2006, $1,180,000
- Auction date & time: Nov. 18 at Noon
- Location: Front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
- Trustee sale #: 437413CA
- Information: 714-730-2727
51 Cartier Aisle, Westpark
- Amount owed: $436,846.14
- Last sale: Sept. 2003, $403,000
- Auction date & time: Nov. 19 at Noon
- Location: Front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
- Trustee sale #: CA-09-296412-AB
- Information: 714-730-2727
43 Partisan Place, West Irvine
- Amount owed: $723,673.55
- Last sale: Dec. 1998, $321,000
- Auction date & time: Nov. 18 at 10 a.m.
- Location: In front of the flagpoles at Placentia Civic Center, 401-411 E. Chapman Ave.
- Trustee sale #: 20099070816059
- Information: 530-672-3033
14051 Chagall Ave., Walnut
- Amount owed: $513,772.24
- Last sale: Jan. 2000, $305,000
- Auction date & time: Nov. 18 at 10 a.m.
- Location: In front of the flagpoles at Placentia Civic Center, 401-411 E. Chapman Ave.
- Trustee sale #: 09-34000
- Information: 714-573-1965
22 Roseville, Northpark
- Amount owed: $549,349.96
- Last sale: June 2004, $755,000
- Auction date and time: Nov. 18 at 10 a.m.
- Location: In front of the flagpoles at Placentia Civic Center, 401-411 E. Chapman Ave.
- Trustee sale #: 20090134006399
- Information: 714-573-1965
14731 Comet St., El Camino Real
- Amount owed: $680,391.50
- Last sale: Jan. 2007, $819,000
- Auction date & time: Nov. 12 at 10 a.m.
- Location: In front of the flagpoles at Placentia Civic Center, 401-411 E. Chapman Ave.
- Trustee sale #: 20099017101639
- Information: 619-590-1221
73 Ardmore, West Irvine
- Amount owed: $551,681.55
- Last sale: May 2004, $620,000
- Auction date & time: Nov. 18 at 10 a.m.
- Location: In front of the flagpoles at Placentia Civic Center, 401-411 E. Chapman Ave.
- Trustee sale #: 237396CA
- Information: 714-573-1965
To see all the latest homes headed to foreclosure, read Thursday’s Irvine World News.
Posted in: Foreclosures • auction • distress | Post a Comment »
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