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

Woodbury: 45 Concierto, Irvine 92620

• 3 bed/3.5 bath
• 2005 condo
• $675,000 ($307/SF)
• HOA fee: $105 and $166; Mellos Roos tax: Yes
  

45 Concierto, Irvine (Woodbury)

Northwood: 28 Belmonte, Irvine 92620

• 4 bed/2.5 bath
• 1979 single-family
• $650,000 ($303/SF)
• No HOA fee or  Mellos Roos tax listed
  

28 Belmonte, Irvine (Northwood)

Northwood II: 35 Secret Garden, Irvine 92620

• 3 bed/3 bath
• 2005 condo
• $699,000 ($305/SF)
• HOA fee: $149 and $129; Mellos Roos tax: Yes
  

35 Secret Garden, Irvine (Northwood II)

Northword Pointe: 21 Eden, Irvine 92620

• 3 bed/2.5 bath
• 1980 single-family
• $659,900 ($305/SF)
• HOA fee: $81; Mellos Roos tax: No
  

21 Eden, Irvine (Northwood Pointe)

13711 Andele Way, Irvine (Northwood)

Today is a continuation of our survey of DataQuick’s housing numbers for Irvine broken down by ZIP. Up today is the 92620 ZIP, which includes Northwood, Northwood Pointe, Northwood II, and Woodbury. The DataQuick numbers are for single-family residences, condos, and new homes.

The photo is of 13711 Andele Way, which is a single-family home in Irvine’s Northwood neighborhood that is priced near the median selling price for  homes in the 92620 ZIP. The asking price is $685,000. At $303 per square foot and with no Mellos Roos tax or HOA fee, this four-bedroom home is reasonably priced for this area.

92620 Median Selling Price

• May 2010: $666,000 (down 2.1% y-o-y)
• April 2010: $605,000 (up 10.0% y-o-y)
• March 2010: $637,500 (up 6.25% y-o-y)

92620 Number of Sales

• 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)

• 36 Pathway (Portola Springs): 2 bed/2 bath condo, 1312 SF, built in 2006, has Mellos Roos tax and HOA fee
  Asking price: $449,000 ($342/SF)
  

• 28 Gereanium #43 (Oak Creek): 2 bed/2 bath condo, 1350 SF, built in 2001, has Mellos Roos tax and HOA fee
  Asking price: $450,000 ($333/SF)
  
• 43 Tangerine (Orange Tree): 2 bed/2 bath single-family, 1138 SF, built in 1976, has a relatively modest HOA fee ($184.45 per month) but no Mellos Roos tax, one of the few single-family homes in the Orange Tree neighborhood
  Asking price: $450,000 ($395/SF)
  

Up next: the 92620 ZIP, which includes the Woodbury and Northwood neighborhoods

Woodbury East

Today is a continuation of our survey of DataQuick’s housing numbers for Irvine broken down by ZIP. Up today is the 92618 ZIP, which  includes Portola Springs, Oak Creek, Orange Tree, and Woodbury East. The DataQuick numbers are for single-family residences, condos, and new homes.

Median Selling Price

• May 2010: $628,500 (up 44.5% y-o-y)
• April 2010: $690,500 (up 29.4% y-o-y)
• March 2010: $602,500 (up 28.26% y-o-y)

Number of Sales

• 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)

The most likely reason for the 300% increase in sales is the entry onto the market of the new Woodbury East homes.

Up next: some 92518 homes priced under the median

2220 Scholarship (IBC)

Today is a continuation of our survey of DataQuick’s housing numbers for Irvine broken down by ZIP. Up today is the 92612 ZIP, which includes IBC (Airport Area), Rancho San Joaquin, University Park and University Town Center. The DataQuick numbers are for single-family residences, condos, and new homes.

Median Selling Price

• April 2010: $445,000 (up 6.0%  y-o-y)
• March 2010: $430,000 (down 1.83% y-o-y)

Number of Sales

• April 2010: 33 (up 73.7% y-o-y)
• March 2010: 34 (up 100.00% y-o-y)

The photo is of 2220 Scholarship, a mid-rise condo in Irvine’s urban village area that is called the IBC (also called the Airport Area on most real estate listings). At $450,000. this home, which is part of the Avenue One development, is priced near the overall median selling price of homes in the 92612 ZIP. However, the IBC’s overall selling price is somewhat lower than is the median selling price for homes in the various 92612 neighborhoods combined. This is one of the problems that exist when homes in Irvine are grouped by ZIP instead of by neighborhood.

Up next: the 92618 ZIP, which includes Portola Springs, Oak Creek, Orange Tree, and Woodbury East

The photo is of 1305 Abella, which is a Columbus Grove home that is priced near the overall median selling price of homes in the 92606 ZIP. On a price per square foot basis, this home, at $287 per square foot, is one of the most affordably priced homes in this ZIP. However, this 2006 Irvine condo has a Mellos Roos tax and a $300 per month homeowners association fee. If you want to avoid these fees but are interested in homes in this ZIP, check out the Walnut neighborhood homes. You are more likely to avoid these fees in that area.

Median Selling Price

• April 2010: $498,000 (down 20.3% y-o-y)
• March 2010: $613,000 (up 12.07% y-o-y)

Number of Sales

• April 2010: 12 (up 33.3% y-o-y)
• March 2010: 15 (up 25.00% y-o-y)

Up next: the 92612 ZIP, which includes the IBC (airport area), Rancho San Joaquin, University Park and University Town Center

The photo is of 463 East Yale Loop #29, which is located in the lower Woodbridge area and is priced near the median selling price of homes in the 92614 ZIP. The overall selling price for this home is $599,000; however, at $260 per square foot, this is one of the most reasonably priced homes in this ZIP.

Appraisals for 463 East Yale Loop #29: Low/Medium/High (Source: Redfin)

• Zillow: $590,070/$663,000/$716,040
• Eppraisal:$568,162/$668,427/$768,691
• Cyberhomes: n/a

Up next: the 92606 ZIP, which includes Walnut, Columbus Grove, and part of the Westpark neighborhood

462 East Yale Loop, Irvine (Lower Woodbridge)

Today is a continuation of our survey of DataQuick’s housing numbers for Irvine broken down by ZIP. Up today is the 92614 ZIP, which includes lower Woodbridge and part of Westpark. The DataQuick numbers are for single-family residences, condos, and new homes.

Median Selling Price

• April 2010: $591,000 (up 45.9% y-o-y)
• March 2010: $525,000 (up 46.14% y-o-y)

Number of Sales

• April 2010: 25 (up 25.0% y-o-y)
• March 2010: 21 (up 61.54% y-o-y)

Up next is information on a lower Woodbridge home (463 East Yale Loop #29) that is listed near the median selling price for this ZIP.