Some reasons why people love Woodbridge, Irvine.

Woodbridge is a community of about 9,500 homes, with an adult population of about 30,000 people. Woodbridge is known as being a model planned community.

It encompasses 1,700 acres and features approximately 40 parks and pools, two "landmark" lakes and swimming lagoons, two beach clubs (with boat docks), 24 tennis courts, plus many other recreational amenities for use by the residents.

The excellent Woodbridge schools are a big reason people move here.

See all Woodbridge homes for LEASE here, and all Woodbridge homes for SALE here.

Woodbridge is always being kept in great condition, and quite a few facilities have been renovated during the past year.

Recently the pool decks of Stonecreek, Blue Lake, Woodflower & Smokestone were resurfaced.

The lakes have just been stocked with fish, so if you don't catch any, you only have yourself to blame!

More homes for LEASE than there are for SALE?

Do you know that there are more homes for LEASE in Woodbridge right now, than there are for SALE?

48 Woodbridge Irvine homes are for SALE, (including two-bedroom #3 Whitecloud), and 57 homes are for LEASE, (check out two-bedroom #615 Springbrook North).


23 Woodbridge homes SOLD last month, and 23 were LEASED.

Interesting....

Only two month's inventory of Woodbridge Irvine homes...

The highest priced home that sold in Woodbridge in November was 11 Laurelglen. After being bought at an auction in July for $690, this 4-bedroom, 2,334 Sq Ft SFR was flipped & recorded early last month, for $825K.

The lowest priced home to sell last month was a 1 bedroom 715 Sq Ft bank-owned condo which fetched $225K.

Altogether, 23 homes sold in November, and 47 are presently for sale, (active), so there's only two month's inventory of Woodbridge homes right now.

The Woodbridge homes for sale range in price from $299K to $1.4 million. The smallest home is 917 Sq Ft, and the largest is 3,400 Sq Ft. See these homes at www.WoodbridgeCondo.com.

The average Days on Market for these homes are 69 days, and the highest is 524 days, (not a typo). The price was reduced 3.5% after 206 days, another $24K 165 days later, and then another $6K about four months ago.

Comparable Woodbridge condos have sold the past three months after only between 4 & 112 Days on Market, with the average being 30 days. Makes you think, doesn't it?

Less Woodbridge Irvine Short Sales?

There are less short sales & REOs on the market today compared with a week ago, (when there were 16).
The number of short-sales in "backup offers" status is now 26.
Of the 50 active Woodbridge listings, 10 are short sales & 2 are REOs.
The list-prices range from $320,000 for a 1,000 square foot, 2-bedroom short-sale condo, to $1,399,000 for a 3,400 square foot lake-view 4-bedroom SFR.
26 Woodbridge homes sold in October, and these prices ranged from $281,000 for a 917 square foot 2 bedroom, 2 bath condo, to $1,130,000 for a 3,495 square foot 5 bedroom, 4 bath SFR.
Of the sold homes, less than 20% had special conditions, (1 was a short sale, 4 were REO's). The others were all standard sales.
Let's see how many short sales close in November.....

Only two thirds of all Woodbridge listings are Standard Sales

38 of the 57 Woodbridge homes currently on the market for sale, (or two thirds of all properties), are standard sales.



The other listings are short sales, (16 homes), and REOs, (3 homes).

As far as Woodbridge lease listings go, right now there are 72 available. These range in price from $1,275 for a 1-bedroom condo, to $3,800 for a 4-bedroom SFR.

My beautiful 5-bedroom listing at 1 White Birch has just been reduced in price to $2,950 per month. It's on hold for a couple of days while the handyman & painter do their stuff.

I just listed this 5 bedroom Woodbridge home for LEASE. One bedroom is downstairs and the other four are upstairs.

It's INSIDE the loop, on a cul-de-sac, and is offered at $3,500. per month.

The address is 1 White Birch, Irvine, CA 92604. It's a Willow model that has been upgraded & expanded.

Plantation shutters throughout.

The huge double-garage is fully carpeted, with plently of built-in and overhead storage. This is perfect for a kids' playroom, or for an office. A Washer/Dryer is included.

There's lots of kitchen counter-space, and there's TWO sinks and TWO dishwashers. The fridge is included.

The kitchen looks out to private yard & great entertaining-area with built-ins & patio-cover.




White Birch is near North Lake, restaurants, movies, places of worship, hospital, banks, shopping & more.

Irvine has been named safest city in America several times.

Parents magazine named Woodbridge the best place in America to raise a family , and it is the #1 Planned Community in the USA. The Woodbridge amenities can't be beat, with an array of parks, two lakes with sandy beaches, lifeguards, pools, tennis, clubhouses & more.
See all the Woodbridge homes for lease at http://www.woodbridgerental.com/

Home sale trends in Woodbridge Irvine

September ended with 25 Woodbridge closed sales – more that twice the number that closed in August.

Does that mean the upturn has come?

Not necessarily…. 21 Woodbridge homes closed in July.

A lot has to do with the homes that are in Backup Offers or Pending status, and right now, there are 65 homes in these categories.

It’s anyone’s guess as to how many will close in October – of course they won't all close.

Only half these 65 homes are Standard Sales and we all know not to hold our breath when working with Short Sales and REO’s, (bank-owned homes).

It’ll sure be interesting to look back in a year’s time, and analyze this market’s numbers.

The prices of the 25 Woodbridge homes that sold in September ranged from $272,500 to $860,000.

55 homes are Active in Woodbridge at the moment, and the prices range from $204,900, (for a 1 bedroom, 1 bath, 715 sq ft REO condo), to $1,399,000, (for a 4 bedroom, 3 bath, lake-view 3,400 sq ft SFR).

Of these 55 homes, 14 are short sales and 3 are REOs.

Buyers who aren’t in a rush, and can handle disappointments should submit offers
an the non-Standard Sale homes.

Those who need to be more confident that they’ll own a new home in 30 – 45 days, should stick to the Standard Sales.