In my post last week, which highlighted three homes in Irvine’s most affordable category, I noted that 2 of these 3 homes had recent price reductions. Since many of the local news reports had been reporting on the multiple offers for homes that have been for sale recently, I started wondering if the tide is shifting and if reductions in other categories of the Irvine housing market were becoming less prevalent. So I took a look at the homes that Redfin has listed as the most popular in Irvine. I found that of the approximately 40 homes that Redfin currently lists in their most popularly viewed category, six have recent price reductions. Below is some information on these homes.

5 Whitewood Way

• $720,000 ($317 per square foot)
• 4 beds/2 baths (2,268 square feet)
• Attached home built in 1968
• University Park Neighborhood
• HOA: $185/month
• Mello Roos: none listed
• Reduced September 29 from the original list price of $750,000
Note: Sale pending/back-up offers accepted as of October 12. Sold in February 2004 for $545,000.

3631 Claremont Street

• $769,000 ($320 per square foot)
• 5 beds/3.5 baths (2,400 square feet)
• Single-family home built in 1969
• Westpark Neighborhood
• HOA: $75/month
• Mello Roos: none listed
• Reduced October 4 from the original list price of $795,000
Note: Sold on March 27, 2013 for $538,500

3 Atlanta

• $750,000 ($373 per square foot)
• Single-family home built in 1978
• 4 beds/2.5 baths (2,010 square feet)
• Northwood Neighborhood
• HOA: $65/month
• Mello Roos: none listed
• Reduced October 5 from the original list price of $839,000
Note: Sold on November 4, 2010 for $688,000

50 Eagle Point #27

• $439,900 ($374 per square foot)
• Single-family condominium built in 1978
• 3 beds/2 baths (1135 square feet)
• Woodbridge Neighborhood
• HOA: $336/month
• Mello Roos: none 
• Reduced October 2 from the original list price of $449,900
Note: Sold on March 12, 2013 for $321,000

6 Bayfield

• $750,000 ($395 per square foot)
• Single-family home built in 1999
• 4 beds/3 baths (1900 square feet)
• Woodbridge Neighborhood
• HOA: $169/month
• Mello Roos: none
• Reduced September 25 from the original list price of $800,000
Note: Sold on October 29, 1999 for $319,090

202 Terra Bella

• $499,000 ($310 per square foot)
• Single-family condominium built in 2000
• 3 beds/2.25 baths (1610 square feet)
• Northpark Neighborhood
• HOA: $405/month
• Mello Roos: Yes
• Reduced September 24 from the original list price of $529,000
Note: Sold on August 25, 1999 for $455,000