Tuesday, March 16, 2010

Irvine Market Update

This is a statistical report for Active for Sale and Sold homes and condos in Irvine . 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 $344, an increase of 3% compared to the same period last year. The median sales price for homes in Irvine CA for Dec 09 to Feb 10 was $545,582 based on 430 home sales. Compared to the same period one year ago, the median home sales price increased 1.9%, or $10,332, and the number of home sales increased 16.2%.

There are currently 1,036 resale and new homes in Irvine, including 9 open houses, as well as 460 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 $848,100 for the week ending Mar 10, which represents an increase of 0.3%, or $2,895, compared to the prior week. Popular neighborhoods in Irvine include Northwood and Woodbridge, with average listing prices of $502,061 and $596,851.

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