2009 Homebuyer Tax Credit

First-time homeowners - read about the new Homebuyer Tax Credit –

The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.

The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability.

If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser

Read more about this at www.woodbridgecondo.com

Woodbridge Home Sales Month-to-Date.

The total number of Woodbridge "closed sales" so far this month is.... zero.

There are 16 Woodbridge homes in "backup offer" status, and there are 9 "pending". Now as 15 of these 25 homes have special conditions like "short sale", "in foreclosure", (and others), it's unlikely that they will close in 30 - 45 days, like we see in normal markets.

Last month, 10 homes sold and hopefully we'll at least match that number in the next 10 days before month-end.

How many Woodbridge condos and SFR homes are currently for sale, you ask? Well, there are 49, (37 condos & 12 SFR). At the beginning of the month, there were 57 Woodbridge properties for sale on the MLS.

So if 10 homes sell again this month, and we assume 10 will sell each month for a while, there is a 5 month inventory of Woodbridge homes for sale. Of course more homes will be listed, and some will be taken off the market.

It's still very clear that there are a lot more sellers than there are buyers, so our "buyer's market" is here for a while.

Woodbridge Comedy Night Returns

Have you heard that the Woodbridge Comedy Night is returning on February 27th?

Are you tired of paying high prices to get into Comedy Clubs? If you are, join us for a night of laughs as Woodbridge hosts one of our popular Comedy Nights.

See comedians from "Evening at the Improv," "VH1 Spotlight", and your local Comedy Central.

Bring your favorite refreshments to enjoy during the show.

Date Friday, February 27th
Time 8:00 to 9:45 p.m.
Cost $12.00 pre-registration or $15.00 at the door
Location Woodbridge Community Center

Note Only those 21 years old and over will be admitted. No refreshments will be served, so bring your own if you wish.

The last Comedy Night sold out; each Comedy Night has a limited amount of space, so sign-up early... don't wait!

Woodbridge South Lake This Morning!

As I rounded the corner on my usual morning walk to South Lake, I had to stop and stare. The mountains looked amazing - all covered with snow. I'd figured there'd be snow on the mountains after yesterday's hail and rain-storm in Woodbridge, but I wasn't expecting anything so beautiful.

Of course I rushed back home to grab my camera, and when I returned, two other walkers, (or joggers - I can't be sure), had also stopped to admire the breathtaking view. One asked me why on earth anyone would choose to live anywhere else in Irvine, but here in Woodbridge?

I answered that I honestly did not know, and told her that I'd post the photos onto my website http://www.woodbridgeirvine.com/ and she was welcome to download them from there.

That invitation is extended to you too! Enjoy!