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.