Sweet Orange

Following are the Irvine detached home numbers that cover the last six months. For previous Irvine detached home stats, see  my post from my past life as a Redfin blogger. More later on what these housing numbers mean.

Tomorrow: a look at the Irvine condo statistics

Median List Sales Price:

• March 20, 2009: $850K/$370 per square foot
• February 22, 2009: $849K/$375 per square foot
• January 30, 2009: $859K/$376 per square foot
• December 31, 2008: $850K/$370 per square foot
• November 30, 2008: $875K/$375 per square foot
• October 27, 2008: $899K/$378 per square foot

Median Sold Price*:

• March 20, 2009: $700K/$326 per square foot
• February 22, 2009: $710K/$326 per square foot
• January 30, 2009: $743K/$328 per square foot
• December 31, 2008: $730K/$332 per square foot
• November 30, 2008: $690K/$327 per square foot
• October 27, 2008: $699K/$330 per square foot

Median Days on Market*:

• March 20, 2009: 91
• February 22, 2009: 96
• January 30, 2009: 92
• December 31, 2008: 85
• November 30, 2008: 82
• October 27, 2008: 83

Number of Homes on the Market (Inventory):

• March 20, 2009: 448 (17 foreclosures)
• February 22, 2009: 434 (17 foreclosures)
• January 30, 2009: na
• December 31, 2008: 351 (24  foreclosures)
• November 30, 2008: 386 (17 foreclosures)
• October 27, 2008: 383 (6 foreclosures)

Market Action Index (Source: Altos Research, see note below) :

• March 22, 2009: 16.35
• February 22, 2009: 16.85
• January 30, 2009: 16.48
• December 31, 2008: 19.31
• November 30, 2008: 18.93
• October 26, 2008: 19.32

Note: The Altos Market Action Index shows the balance between potential buyers and sellers, in other words, the balance between supply and demand. Above 30 is a sellers’ market; below 30 is a buyers’ market. Also, note that the Altos numbers are for detached homes only (condos are not included) and that the Altos median sales price and median price per square foot are for the list price, not the sold price.

*Based on homes sold or taken off market in the previous 90 days. These include MSL-listed, for-sale-by-owner, and bank-foreclosure homes.

Source unless otherwise noted: Redfin