The Irvine Housing Report: The 92604 ZIP (Upper Woodbridge and El Camino)

4931-karen-ann-lane-el-caminoUp today is Irvine’s 92604 ZIP numbers. This ZIP  includes the Upper Woodbridge and El Camino neighborhoods.

The photo is of 4931 Karen Ann Lane, a five-bedroom, single-family, custom-built home in El Camino. This home was built in 2009 and is currently the most expensive home on the market in this ZIP. However, at $217 per square foot, this home has a low price per square foot when compared to other homes in the area.

92604 Median Selling Price

  • July 2010: $440,000 (down 15.4% y-o-y)
  • June 2010: $575,000 (up 5.5% y-o-y)
  • May 2010: $530,000 (up 6.2% y-o-y)
    For comparison: Redfin’s May 2010 number is $538,000 (up 8.8% y-o-y) or $340/SF (down 2.4% y-o-y).
  • April 2010: $587,000 (up 17.4% y-o-y)
  • March 2010:$525,000 (up 3.96% y-o-y)

92604 Number of Sales

  • July 2010: 19 (down 20.8% y-o-y)
  • June 2010: 31 (up 47.6% y-o-y)
  • May 2010: 25 (up 8.7% y-o-y)
  • April 2010: 35 (up 191.7% y-o-y)
  • March 2010: 36 (up 89.47% y-o-y)

Source unless otherwise noted: DQnews

The Irvine Housing Report: The 92606 ZIP (Westpark and Walnut)

Up today is Irvine’s 92606 ZIP housing numbers. This ZIP includes the Westpark and Walnut neighborhoods. The photos are of 59 Del Cambrea, a three-bedroom, single-family home in Westpark, and 39 Royal Victoria, a four-bedroom condo in Walnut. Both have HOA fees and Mello Roos taxes, and both are priced near the overall median for homes in this ZIP. However, the price per square foot is considerably cheaper for the Royal Victoria home ($309/SF) than for the Del Cambrea home ($441/SF).

92606 Median Selling Price:

  • Ju;u 2010: $584,000 (up 9.5% y-o-y)
  • June 2010: $457,000 (down 25.4% y-o-y)
  • May 2010: $408,000 (down 16.7% y-o-y)
    For comparison: Redfn’s May median numbers are $457,000 (down 30% y-o-y) or $347/SF (up 1.5% y-o-y)
  • April 2010: $498,000 (down 20.3% y-o-y)
  • March 2010: $613,000 (up 12.07% y-o-y)

92606 Number of Sales:

  • July 2010: 14 (down 22.2% y-o-y)
  • June 2010: 17 (up 6.3% y-o-y)
  • May 2010: 21 (up 40.0% y-o-y)
  • April 2010: 12 (up 33.3% y-o-y)
  • March 2010: 15 (up 25.00% y-o-y)

Source unless otherwise noted: DQNews

The Gas Company Green Rebates for Homes (and Businesses)

Previously, I wrote about the residential green rebates that are available through South California Edison. Today, it’s The Gas Company’s turn.

socal-gas-insulationTo qualify for a rebate, all purchase invoices or receipts must be dated between January 1, 2010 and December 31, 2010. All rebate items must be purchased and installed prior to submitting an application for a rebate. Qualifying rebate applications must be postmarked no later than December 31, 2010 to be eligible.–The Gas Company

Following is The Gas Company’s green rebate list. In addition to the time requirements listed in the above quote, additional requirements exist. So click on the following links for additional requirement information as well as product information.

Note: Multifamily-unit and business rebates are also available.

For additional information on local green rebates:

And from The Gas Company:

And for Federal tax credit information, see the Energy Star page.

The Irvine Housing Report: The 92612 ZIP (IBC–Airport Area, Rancho San Joaquin, University Park, University Town Center)

3138 Watermarke Place, Irvine (IBC)

3138 Watermarke Place, Irvine (IBC)

Up today is the 92612 ZIP housing numbers. This ZIP includes the IBC (airport area), Rancho San Joaquin, University Park and University Town Center. With the exception of the IBC, which is Irvine’s mixed-use, urban-living area that is located near the San Joaquin Marsh, all these neighborhoods are some of Irvine’s more established areas. University Park and University Town Center are near UCI and Mason Park, and Rancho San Joaquin is near the Rancho San Joaquin golf course.

According to Redfin, the least expensive home in this ZIP is an REO condo in the IBC ($204,900 or $323/SF). The most expensive home ($2,495,000 or $582/SF) is also in the IBC. This home is a high-rise condo and is under contract. It is also a short sale. As always, be sure to check the HOA fee and Mellos Roos tax when buying in the IBC–or anywhere for that matter, but especially in the IBC.

92612 Median Selling Price

  • June 2010: $440,000 (down 7.0%  y-o-y)
  • May 2010: $457,500 (down 12.0%  y-o-y)
  • April 2010: $445,000 (up 6.0%  y-o-y)
    For comparison: Redfin’s overall April median selling price is $427,000 (up 1.7% y-o-y) or $327 per square foot (down 3.8% y-o-y).
  • March 2010: $430,000 (down 1.83% y-o-y)

92612 Number of Sales

  • June 2010: 47 (up 56.7% y-o-y)
  • May 2010: 42 (up 90.9% y-o-y)
  • April 2010: 33 (up 73.7% y-o-y)
  • March 2010: 34 (up 100.00% y-o-y)

Source unless otherwise noted: DataQuick

The Irvine Housing Report: The 92618 Numbers (Oak Creek, Orange Tree, Portola Springs, Woodbury East)

Up today is the 92620 ZIP numbers. This ZIP includes the old and the new, the expensive and not so expensive: Oak Creek, Orange Tree, Portola Springs and Woodbury East. Currently, the least expensive home in this ZIP is located in the well established area of Orange Tree. The most expensive home is located in newly built community of Portola Springs.

325 Tangelo #324, Irvine (Orange Tree)

325 Tangelo #324, Irvine (Orange Tree)

92618 Median Selling Price

  • June 2010: $605,500 (up 89.2% y-o-y)
  • May 2010: $628,500 (up 44.5% y-o-y)
  • April 2010: $690,500 (up 29.4% y-o-y)
    For comparison: According to Redfin, the April median selling price for this ZIP was $615,000 or $315 per square foot.
  • March 2010: $602,500 (up 28.26% y-o-y)

20 Small Grove, Irvine (Portola Springs)

20 Small Grove, Irvine (Portola Springs)

92618 Number of Sales

  • June 2010: 140 (up 775.0% y-o-y)
  • May 2010: 76 (up 300.0% y-o-y)
  • April 2010: 25 (up 92.3% y-o-y)
  • March 2010: 35 (up 483.33% y-o-y)

Note: The photos are of the least expensive ($208,800–a short sale) and the most expensive ($1,799,000) homes that are currently on the market in this ZIP code.

Source unless otherwise noted: DataQuick