Sweet Orange

Up 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

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:

• 

  39 Royal Victoria, Irvine (Walnut)

  July 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:

• 

  59 Del Cambrea, Irvine (Westpark)

  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

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

To 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.

• Clothes Washer–$35
• Dishwasher–$30
• Low-Flow Showerhead–$15 rebate on Evolve^TM ShowerStart^TM Roadrunner showerhead
• Furnace–$200
• Insulation--$0.15 per square foot on qualified attic or wall insulation
• Natural Gas Storage Water Heaters–$30
• Natural Gas Tankless Water Heater–$200
• Also, see Solar Water Heating Incentives (California Solar Initiative-Thermal) for homes and businesses.

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

For additional information on local green rebates:

• Southern California Edison Green Rebates for Home and Apartment Owners
• Irvine’s Environmental Programs page

And from The Gas Company:

• Instant and Mail-in rebates
• Financing for your energy-efficient appliance upgrades
• Home Energy Efficiency Survey: An online assessment of your home’s energy use

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

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

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)

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)

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

Here is a quote from a recent e-mail that I received from William Lyon Homes. It touts a price reduction for a three-bedroom condo in the newly built Irvine community of Ivy in Woodbury East.

Add an Incredible Opportunity into the Story of Your Life
…Ivy at Woodbury East

Residence C - Lot 81
2-Story Townhome
Approx. 1,500 Sq. Ft.
3 Bedrooms, 2.5 Baths
2-Car Garage

Private courtyard entry
Fireplace
Granite Kitchen countertops
Stainless steel kitchen appliances
Flush light package at Master Bedroom and Family Room

Priced at $469,990

However, the asking price for Resident C Ivy homes when they went on the market in July 2009 was $427,990. In August 2009, the price was increased to $439,990. Then in September 2009, the price was increased again to $441,990.

Are more ups and downs in store in the immediate future for the newly built Ivy homes (and the other new developments in Irvine)? We’ll see.

It is time to look at the Irvine housing numbers again. Up today is the 92620 ZIP, which includes Northwood, Northwood Pointe, Northwood II and Woodbury.

92620 Median Selling Price

• June 2010: $751,750 (up 33.7% y-o-y)
• May 2010: $666,000 (down 2.1% y-o-y)
• April 2010: $605,000 (up 10.0% y-o-y)
  For comparison: Redfin lists the April 2010 overall median selling price as $650,000 or $338 per square foot.
• March 2010: $637,500 (up 6.25% y-o-y)

92620 Number of Sales

• June 2010: 67 (up 21.4% y-o-y)
• May 2010: 48 (down 9.4% y-o-y)
• April 2010: 50 (up 78.6% y-o-y)
• March 2010: 59 (up 156.52% y-o-y)

Note: The photo is of 34 Lee, which is a 4-bedroom, single-family home in Irvine’s Northwood. This home has no HOA fee or Mellos Roos tax. At $749,900 ($311/SF), this home  is priced near the current median selling price of homes in this ZIP.

Source unless otherwise noted: DataQuick

Photo: South Coast Repertory, located in the cultural district of Costa Mesa’s South Coast Metro

Following is a history of the number of sales for homes in Costa Mesa by ZIP.

92626: South Coast Metro, Mesa Verde, part of Central Costa Mesa

• June 2010: 37 (down 2.6% from June 2009)
• May 2010: 26 (down 1.5% from May 2009)
• April 2010: 28 (down 6.7% from March 2009)
• March 2010:  32 (down 22.0% from March 2009)

92627: Eastside, Southwest, part of Central Costa Mesa

• June 2010: 43 (no change from June 2009)
• May 2010: 46 (up 4.5% from May 2009)
• April 2010: 30 (down 9.1% from April 2009)
• March 2010: 36 (up 24.1% from March 2009)

Source unless otherwise noted: DataQuick/OC Register

Following is a history of the median sales price for homes in Costa Mesa by ZIP.  The 92626 ZIP includes South Coast Metro, Mesa Verde, and part of Central Costa Mesa. The 92627 ZIP includes Eastside, Southwest and part of Central Costa Mesa.

92626

• June 2010: $530,750 (up 9.9% from June 2009)
• May 2010: $512,000 (down 1.5% from May 2009)
• April 2010: $512,250 (up 6.4% from April 2009)
  Note: For comparison, Redfin’s overall April 2010 median selling price was $509K or $312/SF.
• March 2010: $515,000 (up 12% from March 2009)

92627

• June 2010: $445,000 (down 2.9% from June 2009)
• May 2010: $425,000 (down 19.0% from May 2009)
• April 2010: $435,000 (down 5.6% from April 2009)
  Note: For comparison, Redfin’s overall April 2010 median selling price was also $435K or $353/SF.
• March 2010: $467,500 (up 24.7% from March 2009)

Photo Collage of Eastside Costa Mesa-Newport Beach Courtesy Costa Mesa’s Neighborhood Blog

Source unless otherwise noted: DataQuick/OC Register

Up next: number of home sales in Costa Mesa by ZIP

Up next on our Costa Mesa then-and-now tour is 458 Swarthmore Lane 92626, which is a 3 bed/1.75 bath, single-family home in College Park (Central Costa Mesa).

Asking price in November 2009: $539,000 or $393 per SF

Current status: This College Park home sold in December 2009 for the November 2009 asking price, $539,000 or $393 per SF.

HOA and Mellos Roos: none listed

Of note: Current estimates for this home are from $454,000 to $548,000.