Sweet Orange

Following are the Irvine condo numbers that cover the last six months. Since condos play a significant housing role in Orange County, they are worth tracking separately. For example, Irvine has slight more condos on the market than detached homes. For previous Irvine  condo stats, see  my post from my past life as a Redfin blogger. More later on what these housing numbers mean.

Median List Sales Price:

• March 20, 2009: $500K/$351 per square foot
• February 22, 2009: $499K/$357 per square foot
• January 30, 2009: $479K/$356 per square foot
• December 31, 2008: $490K/$357 per square foot
• November 30, 2008: $499K/$357 per square foot
• October 27, 2008: $500K/$366 per square foot

Median Sold Price*:

• March 20, 2009: $415K/$310 per square foot
• February 22, 2009: $425K/$315 per square foot
• January 30, 2009: $425K/$315 per square foot
• December 31, 2008: $435K/$344 per square foot
• November 30, 2008: $465K/$346 per square foot
• October 27, 2008: $472K/$349 per square foot

Median Days on Market*:

• March 20, 2009: 98
• February 22, 2009: 93
• January 30, 2009: 88
• December 31, 2008: 88
• November 30, 2008: 93
• October 27, 2008: 89

Number of Homes on the Market (Inventory):

• March 20, 2009: 511 (22 foreclosures)
• February 22, 2009: 483 (30 foreclosures)
• January 30, 2009: 439 (33 foreclosures)
• December 31, 2008: 421 (37  foreclosures)
• November 30, 2008: 457 (23 foreclosures)
• October 27, 2008: 477 (16 foreclosures)

*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