Sweet Orange

Today’s post is a continuation of last week’s post (median selling price of homes in Irvine). Up today are the stats for the number of homes that have sold in Irvine. Unless otherwise noted,  the source for the following numbers is DQNew.

Note that the graph, provided by Redfin, is of the number of homes that are on the market in Irvine, not the number of homes that have sold in Irvine.

Number of Sales in Irvine

• November 2010: 239
• October 2010: 174
• September 2010: 222
  Redfin’s numbers: houses sold=89, condos sold=107
• August 2010: 229
  Redfin’s numbers: houses sold=113, condos sold=102
• July 2010: 226
  Redfin’s numbers: houses sold=106, condos sold=112

Up today is an update of the median price that homes in Irvine have sold for. This includes all the Irvine neighborhoods (or villages as they are called in Irvine): Northpark, West Irvine, Northwood, Portola Springs, Woodbury, El Camino, Walnut, Columbus Grove, University Park, University Town Center, Orange Tree, Oak Creek, Westpark, the IBC (airport area), San Joaquin, Shady Canyon, Turtle Ridge, Turtle Rock and Quail Hill.

Irvine Median Sold Price/SF-Condos

Unless otherwise noted, the source for the following numbers is DQNew.

Irvine Median Sold Price/SF-Houses

Median Selling Price in Irvine

• November 2010: $562,000 (down 3.44% y-o-y)
• October 2010: $522,500 (down 9.91% y-o-y)
• September 2010: $625,000 (up 16.93% y-o-y)
  Redfin’s numbers: $575,000 (no change y-o-y) or $336/SF (down 2.0% y-o-y)
• August 2010: $580,000 (up 1.9% y-o-y)
  Redfin’s numbers: $600,000  (up 4.3% y-o-y) or $344/SF (up 3.3% y-o-y)
• July 2010: $580,000 (up 6.62% y-o-y)
  Redfin’s numbers: $570,000 (up 5.1% y-o-y) or $339/SF (up 1.2% y-o-y)

Graphs Courtesy Redfin

Up today is Irvine’s 92614 ZIP housing numbers. This ZIP  includes part of the Westpark neighborhood and lower Woodbridge.

The photo is of 87 Briarglen #27 in Woodbridge. This 2 bedroom condo is priced near the median selling price for homes in this ZIP; however, the price per square foot ($412) is above this ZIP’s median. Also, both Zillow and eppraisal estimate the value of this home to be approximately $350,000. This home has been on the market for approximately 5 months.

92614 Median Selling Price

• July 2010: $429,500 (down 6.4% y-o-y)
• June 2010: $425,000 (down 20.3% y-o-y)
  Note: Redfin’s June 2010 numbers are $502,000  (down 15.8% y-o-y) or $345/SF (up 7.8% y-o-y).
• May 2010: $555,000 (down 11.0% y-o-y)
• April 2010: $591,000 (up 45.9% y-o-y)
• March 2010: $525,000 (up 46.14% y-o-y)

92614 Number of Sales

• July 2010: 25 (up 44.8% y-o-y)
• June 2010: 16 (up 25.0% y-o-y)
• May 2010: 24 (up 11.1% y-o-y)
• April 2010: 25 (up 25.0% y-o-y)
• March 2010: 21 (up 61.54% y-o-y)

Source unless otherwise noted: DQnews

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

Here are some recent housing numbers for Irvine’s 92602 ZIP. This ZIP includes the Northpark and West Irvine neighborhoods.

• Median Selling Price: $620,000 (2.1% year-to-year increase)*
• Number of Sales: 13 (18.8% year-to-year decrease)*
• Median Price/SF–Houses:
  List: $316/SF (3% month-to-month decrease)**
  Sold: $332/SF (4% month-to-month decrease)**
• Median Price/SF–Condos:
  List: $316/SF (2% month-to-month increase)**
  Sold: $325/SF (1% month-to-month increase)**
• Number of homes for sale: 39 houses/69 condos**

*DQNews-December 2009, includes houses and condos
**Redfin-January 2010

Note: Graphs are courtesy of Redfin Corporation. They are as follows: sold price per square foot for houses, sold price per square foot for condos, and the number of homes on the market in the 92602 ZIP.