Thursday, March 4, 2010

Irvine Market Report Update

This is a statistical report for Active for Sale and Sold homes and condos in Irvine,CA. This report is brought to you by the professional Realtors at Equinox Real Estate Group in Orange County, CA. Average price per square foot for Irvine CA was $341, a decrease of 0.6% compared to the same period last year. The median sales price for homes in Irvine CA for Nov 09 to Jan 10 was $550,000 based on 513 home sales. Compared to the same period one year ago, the median home sales price decreased 0.9%, or $5,000, and the number of home sales increased 37.5%.

There are currently 973 resale and new homes in Irvine , including 15 open houses, as well as 473 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Irvine CA was $874,429 for the week ending Feb 24, which represents a decrease of 1%, or $8,640, compared to the prior week. Popular neighborhoods in Irvine include Northwood and Woodbridge, with average listing prices of $584,026 and $583,222.

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