Irvine Housing Blog

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Irvine Housing Blog

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A Look at Some Housing Stats for Irvine and Surrounding Cities

Posted: 31 Jul 2013 05:00 AM PDT

My post from last week provided some stats on the Irvine housing market, for example, the percentage of the asking price that homes in Irvine sold for. That got me to wondering how these numbers compared to the numbers for other cities near Irvine. So that is what we will look at in today’s post. The following numbers are for the ninety days that precede July 28.

Any opinions on what the following numbers are telling us about this housing market?

Area Median List Price Median Sale to List Price Avg # of Offers Avg Down Payment # Homes Sold
Irvine

$739,000/
$426 per SF

 100.3%  4.1 25.20% 508 
Lake Forest $629,900/
$326 per SF		 100.6%  5.3 22.40% 209 
Tustin $632,450/
$360 per SF		 100.70% 3.4 20.7%  195
Orange $644,700/
$339 per SF		 99.0%   4.7  23.1% 302 
Santa Ana $385,000/
$291 per SF		 100.50% 2.1 10.00% 490
Costa Mesa $749,000/
$432 per SF		  99.3% 1.4  17.1%  204 
Newport Beach $2,649,950/
$992 per SF		  96.9%  5.5 35.0%  315 
Orange County $700,000/
$372 per SF		 99.6%   4.1  25.9% 6,619 
Source: Redfin

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Posted by Housing estate

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