Sweet Orange

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.