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A Look at Some Housing Stats for Irvine and Surrounding Cities: Nov 2013 Update

Posted: 06 Nov 2013 04:00 AM PST

One of my posts from July of this year provided stats on the Irvine housing market and some surrounding cities. Today we will take an updated look at these numbers. These two sets of numbers can be used to do some then-and-now comparison. The following numbers are for the ninety days that precede November 3.

What is your conclusion? Has the local housing market gone up, down, or sideways?

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

$759,000/
$424 per SF

 98.3%  2.2 21.50% 728 
Lake Forest $568,000/
$331 per SF		 99.3%  1.1 12.30% 223 
Tustin $635,000/
$355 per SF		 98.60% 1.5 38.9%  165
Orange $599,000/
$326 per SF		 98.8%   2.3  25.9% 339 
Santa Ana $395,000/
$307 per SF		 99.90% 1.8 14.70% 399
Costa Mesa $722,500/
$437 per SF		  98.1% 2.0  20.8%  196 
Newport Beach $2,300,000/
$932 per SF		  96.8%  2.1 29.7%  358 
Orange County $674,900/
$368 per SF		 98.3%   2.3  20.5% 8,000 

Source: redfin.com

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Posted by Housing estate

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