Tuesday, April 10, 2012

Irvine Bank Owned Condos Market Update. | Real Estate Industry Blog

This report is for standard sales and bank owned foreclosure Condominiums in Irvine , and is brought to you by the Broker at eVantage Real Estate. Currently, there are a total of 206 condo units currently listed for sale in Irvine . The median price for these listed condominiums is $459,000 and the average price per square foot is $332 . Of this total, 6 are bank foreclosure condo listings. The median price of these bank REO condos is $330,000 , and the average price per square foot is $283 . The ratio of bank owned condo listings to total listings is 3% .

For condominiums, there are now 262 attached units in escrow, and the median price is $390,000 . Of this number, 28 are bank foreclosure Condos in escrow in Irvine . These bank Owned condos are 11% of the total units in escrow, and the median price is $330,000 .

For attached condos, there have been a total of 251 condominium sales in the past 3 months. The median price was $369,900 , and the average price per square foot was $283 in Irvine . In addition, there were 47 bank foreclosure condos that sold and closed escrow during this same period of time, which was 19% of the total number of units sold. The median price of the sold bank owned condominiums was $315,000 , and the average price per square foot was $272 .

For more information about bank owned foreclosure properties, please visit our website at: Irvine Bank Owned Homes & Condos. For Questions, or if you would like to see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

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