Nicest tracts in Woodbridge Irvine: The Landings

Two of the nicest tracts in Woodbridge Irvine are Landing I and Landing II, and these consist of only Single Family Residence detached homes.
Both tracks are "inside the Loop" and a wonderful community spirit exists.

Most homes are beautifully decotrated for the holidays.Don't expect to see many homes in "The Landings" on the market for sale. Usually when one is offered for sale, it is snapped up pretty fast!

In 2009 only were 5 homes sold, (that's in Landings I and II combined), and only 5 homes were sold in 2008 as well.

I sold 4-bedroom 25 Whispering Wind, (in Landing I), a few months ago for $995,000, (brought the buyer). One other Landing I home sold in 2009 and this was 4 Earlymorn which sold for $1,055,000.

These 4-bedroom Landing II homes sold in 2009:
11 Laurelglen $825,000.
59 Emerald $870,000.
46 Emerald $1,150,000.

Built by JM Peters, Landing I has 5 models varying from 1,943 Sq Ft to 3,068 Sq Ft, and Landing II has 5 models varying from 2,332 Sq Ft to 3,209 Sq Ft.

Woodbridge home sales year to date

Year to date, 160 attached & 64 detached Woodbridge homes have sold, making a total of 224 closed sales for the year so far.
The average selling price of the attached homes was $443,100.

Only 4 homes sold at over $1 million, and none were over $2 million.

42 Woodbridge homes are active, (offered for sale), right now.

The average Days on Market was 57.1 days. Look at the breakdown below:

Time on Market UNITS
1-30 Days 101
31-60 Days 52
61-90 Days 28
91-120 Days 14
121-180 Days 13
More than 180 Days 13
Total Units Sold 224

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.

Close, but no cigar!

I was pretty close!

Instead of 14 closed sales as I predicted, there were 15 closed sales in Woodbridge in March. (Close, but no cigar.)


The prices of these sold homes ranged from $215,000 to $1,045,000.

71 Woodbridge homes are currently "for sale".

Let's see how many Woodbridge Irvine homes close THIS month!

A quick recap - 4 homes have sold so far this month, (closed), and there are 66 Woodbridge homes for sale, (Active), right now.

13 homes are in Backup Offer status, and a further 13 are "Pending". After last month's very disappointing Closed Sales numbers, (one home!), I have a feeling that we'll see a FEW of these 26 homes close in March.

If I were a gambling lady, I'd bet that 10 of them will close, which will bring the number of Closed Sales in March to 14.

Let's see how close, (or lucky), I am, when I report the final numbers at the end of the month.

35 Woodbridge homes are currently for sale, and there was only one “closed sale” in February.

That condo sold for $375,000. If any more "closed sale" Woodbridge homes are added, (late), I’ll let you know.

Right now the prices of homes for sale in Woodbridge range from $299,900, (for a 3 bedroom bank-owned condo), to $1,219,900, (for a 4 bedroom, 3 bath, Single Family Residence).

The sizes of the homes for sale are from 917 Sq Ft to 2,794 Sq Ft.

32 homes are in “back-up offer” or “pending” status, and 20 of these homes have special conditions like “bank-owned”, “short-sale”, and others.

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!