Irvine Housing Blog |  |
| $500,000 Condo, really-really-really! Posted: 10 Dec 2012 04:00 AM PST 231 homes for sale as of December 09, 2012 In 2008, there were articles everywhere about the doom and gloom that shadow inventory would create in 2012. Fear stopped us from buying, but hope and change brought by the low interest rates, and low inventory changed the scene by the time we hit 2012. Each village of Irvine hit a low once during this four year period, some recovering faster than others, some sliding faster than others. 2012 has become a happy transition year for the entire city from the great housing depression to the new era of zero growth. The property prices might be climbing, but when you compare the price with the rate of inflation and add in the low interest rates, not much has changed other than the outlook of the buyer. How much has the outlook changed? What does $500,000 buy today in Irvine? Woodbridge: Address: 52 Wetstone #37 El Camino Real: Address: 14821 Groveview Ln Turtle Ridge: Address: 125 Jadestone Airport Area: Address: 1118 Scholarship St Woodbury: Address: 22 Calypso University Park: Address: 9 Featherwood #1 Quail Hill: Address: 60 Reunion What are your thoughts? Share your thoughts at Talk Irvine, or comment below. |
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