Sweet Orange

Up today is an update of the Irvine housing numbers. 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-Houses

Median Selling Price in Irvine

• October 2010: $522,000 (down 9.91% y-o-y)
• September 2010: $625,000 (up 16.93% y-o-y)
• August 2010: $580,000 (up 1.9% y-o-y)
  Redfin’s August 2010 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 July 2010 numbers: $570,000  (up 5.1% y-o-y) or $339/SF (up 1.2% y-o-y)

Irvine Median Sold Price/SF-Condos

Number of Sales in Irvine

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

Source unless otherwise noted: DQnews

Graphs Courtesy Redfin

Up today is Irvine’s 92604 ZIP numbers. This ZIP  includes the Upper Woodbridge and El Camino neighborhoods.

The photo is of 4931 Karen Ann Lane, a five-bedroom, single-family, custom-built home in El Camino. This home was built in 2009 and is currently the most expensive home on the market in this ZIP. However, at $217 per square foot, this home has a low price per square foot when compared to other homes in the area.

92604 Median Selling Price

• July 2010: $440,000 (down 15.4% y-o-y)
• June 2010: $575,000 (up 5.5% y-o-y)
• May 2010: $530,000 (up 6.2% y-o-y)
  For comparison: Redfin’s May 2010 number is $538,000 (up 8.8% y-o-y) or $340/SF (down 2.4% y-o-y).
• April 2010: $587,000 (up 17.4% y-o-y)
• March 2010:$525,000 (up 3.96% y-o-y)

92604 Number of Sales

• July 2010: 19 (down 20.8% y-o-y)
• June 2010: 31 (up 47.6% y-o-y)
• May 2010: 25 (up 8.7% y-o-y)
• April 2010: 35 (up 191.7% y-o-y)
• March 2010: 36 (up 89.47% y-o-y)

Source unless otherwise noted: DQnews

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

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

Here is a quote from a recent e-mail that I received from William Lyon Homes. It touts a price reduction for a three-bedroom condo in the newly built Irvine community of Ivy in Woodbury East.

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.

Here is a look at some homes in the 92618 ZIP that have listing prices under DataQuick’s overall median selling price. They all happen to be 2bed/2 bath homes, and, with the exception of Woodbury East, they represent each of the neighborhoods in this ZIP. To see what is available in the Woodbury East neighborhood, click on the Woodbury East link.

• 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

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.

Today is a continuation of our survey of DataQuick’s housing numbers for Irvine broken down by ZIP. Up today is the 92603 ZIP, which includes Shady Canyon, Turtle Ridge, Turtle Rock, and Quail Hill. The DataQuick numbers are for single-family residences, condos, and new homes.

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.

In the next week or two, we will be following  some recent numbers from DataQuick’s for housing in each of Irvine’s ZIP codes. The DataQuick numbers are for single-family residences, condos, and new homes.

Up today is the 92602 ZIP, which includes the Northpark and West Irvine neighborhoods. The photo is of 63 Congress #10, which is a West Irvine home that is priced near the median selling price of homes in the 92602 ZIP.

Median Selling Price

• April 2010: $637,000 (down 1.2% y-o-y)
• March 2010: $634,250 (up 3.48% y-o-y)

Number of Sales

• April 2010: 24 (up 20.0% y-o-y)
• March 2010: 26 (up 30.00% y-o-y)

Note: Up next is 92603 ZIP, which includes Shady Canyon.Turtle Ridge, Turtle Rock, and Quail Hill.