Sweet Orange

118 Confederation Way, Irvine (West Irvine)

Recently, I posted the DataQuick’s March 2010 median selling price and number of sales for each of Irvine’s ZIP codes. Following is the January 2010 price per square foot, courtesy Redfn, for Irvine’s 92602 ZIP.

I provided the price per square numbers for  Irvine houses and condos in this ZIP, as well as the combined number (houses plus condos). Two examples of housing in this ZIP are 118 Confederation Way in West Irvine and 91 Talmadge in Northpark.

I will provide Irvine’s other ZIP code price per square foot information in upcoming posts.

91 Talmadge, Irvine (Northpark)

92602 Median Price per Square Foot–January 2010 (Northpark, West Irvine)

• house-$318 (down 11% from January 2009)
• condo-$321 (up 3.2% from January 2009)
• both-$321 (down 0.8% from January 2009)

109 Lamplighter, Irvine 92620 (Woodbury)

Following are DataQuick’s March 2010 median selling prices and number of sales for each of Irvine’s ZIP codes. If you scroll down the numbers, you will see that the housing market in Irvine is looking up at the moment.

92602

• March 2010 Median Selling Price: $634,250 (up 3.38%)
• March 2010 Number of Sales: 26 (up 30.00%)

92603

• March 2010 Median Selling Price: $847,500 (up 48.68%)
• March 2010 Number of Sales: 34 (up 70.00%)

92604

• March 2010 Median Selling Price:$525,000 (up 3.96%)
• March 2010 Number of Sales: 36 (up 89.47%)

92606

• March 2010 Median Selling Price: $613,000 (up 12.07%)
• March 2010 Number of Sales: 15 (up 25.00%)

92612

• March 2010 Median Selling Price: $430,000 (down 1.83%)
• March 2010 Number of Sales: 34 (up 100.00%)

92614

• March 2010 Median Selling Price: $525,000 (up 46.14%)
• March 2010 Number of Sales: 21 (up 61.54%)

92618

• March 2010 Median Selling Price: $602,500 (up 28.26%)
• March 2010 Number of Sales: 35 (up 483.33%)

92620

• March 2010 Median Selling Price: $637,500 (up 6.25%)
• March 2010 Number of Sales: 59 (up 156.52%)

126 Tangerine

Public notices in the Irvine World News showed the following homes in Orangetree were set to go on the trustee auction block in January and February of last year. I don’t have the information handy on whether or not these homes were actually auctioned at the designated time, but I will provide you with information on the date and amount that these homes last sold for.

Orangetree, which includes mostly condos (although a few detached homes do exist) is one of Irvine’s more affordable areas. The low prices are due to the limited square footage, not necessarily the price per square foot.

To see what is currently available in Orangetree and to compare current prices with the selling prices of the homes listed below, see the Refin Orangetree map.

126 Tangerine, Irvine 92618: 1976 condo, 2 beds/2 baths, 1154 SF

• Scheduled auction date: 2-5-09
• Approximate amount owed plus interest and fees: $511,649.62
  (previously sold for $495,000 on 08/31/2004)
• Sold for: $395,000 ($343/SF) on 04/17/2009
  (Most recent Zestimate: $403,000)

426 Orange Blossom #202, Irvine 92618: 1977 condo, 1 bed/1 bath, 662 SF

• Scheduled auction date: 1-28-09
• Approximate amount owed plus interest and fees: $265,535.07
  (previously sold for $315,000 on 02/20/2007)
• Sold for: $180,000 ($272/SF) on 08/07/2009
  (Most recent Zestimate: $166,000)

102 Tangerine, Irvine 92618: 1976 single-family, 3 beds/2 baths, 1445 SF

• Scheduled auction date: 2-4-09
• Approximate amount owed plus interest and fees: $508,545.07
  (previously sold for $211,000 on 06/22/1999)
• Sold for: no recent information showing
  (Most recent Zestimate: $460,000)

As a follow up on one of last week’s post, here is a comparison of two single-family houses that are priced near the September median price per square foot for their cities. One is in Irvine; the other is in Costa Mesa.

Irvine house that is priced near the Irvine median price/SF ($338/SF):

64 Rockport, Northpark Neighborhood

• Asking price: $839,000 ($336/SF)
• What: 2000 detached house with 4 bed/2.5 bath with 2500 SF
• Lot size: 4317 SF
• HOA fee: $175/month
• This is a short sale.

Note: An open house is being held for this home on this Thursday, Saturday and Sunday.

Open house hours:

• November 5 at 11am-1pm
• November 7 at 12 pm-5pm
• November 8 at 1pm-5pm

Costa Mesa house that is priced near the Costa Mesa median price/SF ($403/SF):

2039 Phalarope Court, Mesa Verde Area:

• Asking price: $899,000 ($415/SF)
• What: 1966 detached house with 4 bed/2.5 bath and 2166 SF
• Lot size: 7035 SF
• HOA fee: none listed

Note: In June, this home was listed for $1,050,000. In May 2005, this home sold for $810,000.

I have posts that take a deeper look at Costa Mesa and Irvine homes that are priced near the median price per square foot in the works.