IRVINE, CA ~ now with a population of about 205,000 people
The buyer and investor demand for homes in IRVINE, CA, has significantly increased.

It's amazing that there are now 402 homes under contract and pending escrow (a huge number) when we have just 585 homes active for sale.
This increased buyer demand shown by recent sales and pendings is squeezing the regular for sale market, where Realtors and agents simply don't have enough homes to show and sell.
Market saturation (absorption) ~ number of homes sold during past thirty days (194) as compared to current listings (585). All IRVINE homes on the market should sell within 3 months.
Irvine is now a HOME SELLER'S MARKET.

If you have questions about Irvine and Orange County real estate, please contact us.
Information for this update was used from that provided by Southern California Multiple Listing Service.
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Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
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Watch out for the annual Huntington Beach U.S. Indpendence Day Parade ~
Special Celebration of our U.S. Independence Day
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& City of Huntington Beach 100 Year Anniversary as a city.
Saturday, July 4, 2009 ~ 8:00 A.M.

Surf City 5K Run ~ (I ran this race many times with some friends)
Marching bands
Colorful floats
Kids with face paint, ice cream and cotton candy
Red, white and blue everywhere!
Celebrate this day and 105th Annual Huntington Beach 4th of July Parade!
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Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
In its welcoming move, the California Association of REALTORs® and its Housing Affordability Fund continues to offer its free Mortgage Protection Program as insurance for first time homebuyers.
The Association says this is to help provide first-time homebuyers with peace of mind when purchasing a home.
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Through this fund's Mortgage Protection Program (free insurance), first-time homebuyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month (for six months) to help make their mortgage payments, and qualified co-buyers can receive $750 per month (for six months).
This is part of customer service that is offered by and through California REALTOR® members of this Association.
See my prior article ~ New Mortgage Protection Program Introduced by California Association of Realtors ~ April 6, 2009
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Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
Newport Beach is a great place to be, especially to enjoy the sunshine, hiking, running and biking trails, and the beach too.
Sometimes I see another person's nice localism post with photos that I enjoy and want to share.
Check out this article with photos about bike ride loop, Newport Beach, Back Bay, with ascent to Corona del Mar (click here) ~ which was posted by Ryan (last name unknown) at Wordpress on June 27, 2009.
Ryan described his good experiences about the 23 mile local ride and shared photos too.
I've been on this nice trail for running and hiking and the same area for biking many times. Thanks to Ryan for this post.
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Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
It's good news that CA homes median sold prices were up in May 2009, as compared to April and March 2009.
Sold prices are still down May 2009, as compared to same time last year, May 2008. This is because of buyer market rush to pick up the REO bank owned and distressed homes at lower price level.
Realtors report 10% jump in O.C. house prices (click here) ~ OCRegister.com, June 26, 2009. This is report that home sale prices were up form the month of May as compared to April, 2009.
CA Home Sale Prices Climb 3rd Consecutive Month (click here) ~ WSJournal.com, June 26, 2009
CA Homes Sales are Up ~ June 26, 2009. This is report that home sales were up in May, that sold prices in CA were up May over April, but still down May 2009 as compared to May 2008.
Home Prices Continue to Climb in San Gabriel Valley ~ SanGabrielValleyTribune.com, June 26, 2009. This is local report about San Gabriel Valley and 7 communities.
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Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
www.BuyersExploreHomes.com ~ www.ExploreTheOC.com
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