Irvine’s Most Expensive Neighborhood, Shady Canyon: Housing Number Stats

Sylvia Walker — Wed, 24 Jun 2009 08:24:28 +0000

According to Redfin, in May, Shady Canyon, Irvine’s most expensive area, had 55 detached homes on the market. The median list price was $4,700,000 or $740 per square foot.

Only one home sold in March; the sales price was $4,500,000. The median number of days it currently takes to sell a Shady Canyon home is 249.*

Seventy-two percent of the Shady Canyon homes that were sold or taken off the market between March 25th and June 23rd had price reductions. These homes had a median of two price reductions. The median percentage off the price was 16.9%.

Here are some additional Redfin stats for Shady Canyon:

April 3, 2009

Median list price: $4,972K/$742 per SF
Median sold price: $4,325K/NA per SF*
Median days on market: 110*
Number of homes on the market: 58

February 28, 2009

Median list price: $5,,000,000/$762 per SF
Median sold price: $3,750K/NA per SF*
Median days on market: 156*
Number of homes on the market: 55

January 31, 2009

Median list price: $5,695K/$770 per SF
Median sold price: $4,914K/NA per SF*
Median days on market: 154*
Number of homes on the market: 39

December 30, 2008

Median list price: $5,495K/$764 per SF
Median sold price: $2,912K/NA per SF*
Median days on market: 172*
Number of homes on the market: 38

If you would like more information on housing in this area, see the Redfin Shady Canyon Real Estate page.

*Based on homes sold or taken off the market in the previous 90 days

GRAPH OF SHADY CANYON MEDIAN LIST PRICE COURTESY REDFIN

Sweet Orange » most expensive area

Irvine’s Most Expensive Neighborhood, Shady Canyon: Housing Number Stats