44 Blue Heron (Shady Canyon)

Up today is Irvine’s 92603 ZIP housing numbers. This ZIP includes the Shady Canyon, Turtle Ridge, Turtle Rock and Quail Hill neighborhoods.

14 Vernal Spring (Shady Canyon)

Most of the highest priced home in Irvine are in this ZIP’s Shady Canyon neighborhood. The most expensive home in Shady Canyon is a 13,500 square foot home located at 44 Blue Heron ($18.950,000 or $1,404/SF); the least expensive home in Shady Canyon is a 4,097 square foot home located at 14 Vernal Spring ($2.499,000 or $610/SF). The least expensive home in all of the 92603 ZIP is an 822 square foot condo located at 133 Danbrook in the Quail Hill neighborhood ($300,000 or $365/SF).

92603 Median Selling Price

• August 2010: $949,500 (up 32.4% y-o-y)
• July 2010: $860,000 (up 21.6% y-o-y)
• June 2010: $990,000 (up 21.5% y-o-y)
  Redfin’s June 2010 numbers: $990,000  (up 15.8% y-o-y) or $438/SF (up 6.6% y-o-y).
• May 2010: $1,010,000 (up 32.9% y-o-y)
• April 2010: $1,420,000 (up 82.1% y-o-y)
• March 2010: $847,500 (up 48.68% y-o-y)

92603 Number of Sales

• August 2010: 25 (down 19.4%)
• July 2010: 23 (down 4.2% y-o-y)
• June 2010: 42 (up 23.5% y-o-y)
• May 2010: 31 (down 3.1% y-o-y)
• April 2010: 23  (down 14.5% y-o-y)
• March 2010: 34 (up 70.0% y-o-y)

Source unless otherwise noted: DQnews

The photo is of 32 Tall Hedge, which is a Turtle Ridge home that is priced near the median selling price of homes in the 92603 ZIP.

Median Selling Price

• April 2010: $1,420,000 (up 82.1%  y-o-y)
• March 2010: $847,500 (up 48.68% y-o-y)

Number of Sales

• April 2010: 23 (down 14.8% y-o-y)
• March 2010: 34 (up 70.00% y-o-y)

Note: Up next is the 92604 ZIP, which includes the upper Woodbridge and El Camino areas.

Note that the 92603 July asking price of $582 per square foot seems particularly unrealistic considering that the July selling price for the 92603 ZIP was $374 per square foot. The 92603 ZIP includes some of the most expensive homes in Irvine, including Irvine’s most expensive neighborhood, Shady Canyon. Other neighborhoods in Irvine’s 92603 include Quail Hill, Turtle Rock, and Turtle Ridge.

You might also want to pay special attention to the Woodbridge ZIPs: 92604 and 92614. As reported in the The Orange County Register, the increase in the percentage of Woodbridge foreclosures are some of the  highest in Orange County, especially in the 92604 ZIP. The 92604 ZIP includes the upper part of the Woodbridge neighborhood as well as the  El Camino neighborhood (See the map.)

According to DataQuick, Irvine’s July 2009 housing numbers by ZIP are as follows: ZIP/Median Selling Price/% change in price from previous month/# of homes sold/% change in number sold from previous month (DQNews).

Tomorrow: Irvine detached and condo stats