Friday, February 17, 2012
Irvine Market Update
The median sales price for homes in Irvine CA for Nov 11 to Jan 12 was $505,000. This represents an increase of 0%, or $0, compared to the prior quarter and a decrease of 9.7% compared to the prior year. Sales prices have depreciated 27.9% over the last 5 years in Irvine. The average listing price for Irvine homes for sale was $814,957 for the week ending Feb 08, which represents an increase of 1.5%, or $12,228, compared to the prior week and an increase of 5.8%, or $44,881, compared to the week ending Jan 18. Average price per square foot for Irvine CA was $317, a decrease of 6.5% compared to the same period last year. Popular neighborhoods in Irvine include Woodbridge, Northwood, Turtle Rock, Lower Peters Canyon, Westpark, and El Camino Real.