Saturday, July 24, 2010

Irvine Home Market Update

Average price per square foot for Irvine CA was $350, an increase of 0% compared to the same period last year. The median sales price for homes in Irvine CA for Apr 10 to Jun 10 was $584,044 based on 832 home sales. Compared to the same period one year ago, the median home sales price increased 6.2%, or $34,044, and the number of home sales increased 43.7%.

There are currently 1,304 resale and new homes in Irvine, including 32 open houses, as well as 780 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 $853,117 for the week ending Jul 21, which represents an increase of 1.5%, or $12,377, compared to the prior week. Popular neighborhoods in Irvine include Woodbridge and Northwood, with average listing prices of $572,182 and $517,733.