A Look at the Housing Numbers for Irvine’s University Town Center Neighborhood
Irvine’s University Town Center: Sold Price per Square Foot Trend
Listed below are the statistics for homes in Irvine’s University Town Center neighborhood. As the name implies, the homes in this area are near the University of California at Irvine (UCI). All on the homes on the market in this area are condos; some were bought as investment property.
The numbers for this area show a complicated story. As shown by the numbers listed below, the overall price of homes in this area that have sold since the beginning of the year have been declining. However, the same period shows an increase in the price per square foot that these homes have sold for. Throw into the mix the fact that, although many peaks and valleys exist (see the graph found above), the overall price per square foot trend shows a steady decline. So is this current increase a sign of things to come, or just another peak that will turn into another valley? Too soon to tell.
For more information on homes for sale in this area, see the map.
April 3, 2009
- List price: $422K/$411 per SF
- Sold price: $408K/$358 per SF*
- Median days on market: 186*
- Number of homes on the market: 8
( 0 foreclosures)
February 28, 2009
- List price: $428,000/$401 per SF
- Sold price: $415K/$352 per SF*
- Median days on market: 100*
- Number of homes on the market: 9
(0 foreclosures)
January 31, 2009
- List price: $439,750/$409 per SF
- Sold price: $498K/$326 per SF*
- Median days on market: 89*
- Number of homes on the market: 8
December 30, 2008
- List price: $432,000/$401 per SF
- Sold price: $295K/$384 per SF*
- Median days on market: 58*
- Number of homes on the market: 11
*Based on homes sold or taken off the market in the previous 90 days