Sweet Orange

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

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

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

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

Today is a continuation of our survey of DataQuick’s housing numbers for Irvine broken down by ZIP. Up today is the 92606 ZIP, which includes Walnut, Westpark and Columbus Grove. The DataQuick numbers are for single-family residences, condos, and new homes.

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

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.