The Irvine Housing Update: Number of Homes Sold

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.

Irvine Housing Inventory

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

The Irvine Housing Update: Median Sold Price

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_condo_sq_ft_by_time

Irvine Median Sold Price/SF-Condos

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

irvine-median_house_sq_ft_by_time

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

The Irvine Housing Numbers Update

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_house_sq_ft_by_time

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_condo_sq_ft_by_time

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

The Irvine Housing Report

Up today are 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 neighborhoods.

Irvine Median House Prices/SF

Irvine Median Price/SF--Houses

Median Selling Price in Irvine

  • September 2010: $625,000 (up 16.93% y-o-y)
  • August 2010: $580,000 (up 1.9% 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 Condo Price/SF

Irvine Median Sold Price/SF--Condos

Number of Sales in Irvine

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

Source unless otherwise noted: DQnews

Graphs Courtesy Redfin

The Irvine Housing Report: The 92618 Numbers (Oak Creek, Orange Tree, Portola Springs, Woodbury East)

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)

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)

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

DataQuick Housing Numbers for Irvine’s 92618 ZIP: Portola Springs, Oak Creek, Orange Tree, and Woodbury East

Woodbury East

Woodbury East

Today is a continuation of our survey of DataQuick’s housing numbers for Irvine broken down by ZIP. Up today is the 92618 ZIP, which  includes Portola Springs, Oak Creek, Orange Tree, and Woodbury East. The DataQuick numbers are for single-family residences, condos, and new homes.

Median Selling Price

  • May 2010: $628,500 (up 44.5% y-o-y)
  • April 2010: $690,500 (up 29.4% y-o-y)
  • March 2010: $602,500 (up 28.26% y-o-y)

Number of Sales

  • 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)

The most likely reason for the 300% increase in sales is the entry onto the market of the new Woodbury East homes.

Up next: some 92518 homes priced under the median

Housing Numbers for Irvine’s Portola Geopolicing District: Pricing, Inventory, and More

Portola is one of the three districts into which the Irvine police department has divided the City for its geopolicing program.

To see pricing, inventory and additional information for the various villages in Irvine’s Portola district, click on the links provided below. This will bring you to Redfin’s Community Overview Page for that village (if you prefer, you can also enter zip codes or city names).

The Portola Area includes the following Irvine neighborhoods, or as they are called in Irvine, villages:

Note: The Irvine Spectrum is also in the Portola geopolicing district.

Comparing Irvine’s Portola Springs Home Prices to Woodbury East Ivy Prices

78-full-moon-portola-springs1According to Redfin, there were 5 detached houses and 9 condos on the resale market in Irvine’s Portola Springs development in September. The median selling price per square foot for a detached home was $377. The median selling price per square foot for a condo was $349. More information on Portola Springs is available at the Portola Spring HOA website.

ivy-grand-openingThe nearby community of Ivy in Woodbury East is the new construction development that has easily sold out phase one, two and three (however, this total only about 30 homes sold from the 500 that will eventually be sold).

The prices for Ivy homes are as follows:

  • Two-bedroom Ivy homes, which are 1180 square feet, are selling for $356,990 ($303/SF).
  • Three-bedroom Ivy homes which are 1394, 1503 and 1500 square feet, are selling for $400,990 ($288/SF), $421,990 ($281/SF), and $441,990 ($295/SF), respectively.

To decide if the Portola Spring homes are reasonable priced, compare these Ivy prices with the prices of the following Portola Spring homes. Since both of these developments have a similar look, are located in the same area, and are new or nearly new construction, my though is that they should be priced in the same ballpark.

To see all resale home that are currently on the market, see the Portola Springs map. Also, new construction, as well as resale homes, is currently available in Portola Springs.

38 Cactus Bloom Irvine, CA 92618

  • Asking price: $489,900 ($407/SF)
  • What: 2 beds/3 baths, 1205 SF, 2008 condo
  • HOA: $175 and $120

49 Silverado Irvine, CA 92618

  • Asking price: $495,000 ($306 SF)
  • What: 3 beds/3 baths, 1617 SF, 2008 condo
  • HOA: $175 and $191

78 Full Moon Irvine, CA 92618

  • Asking price: $498,000 ($308 SF)
  • What: 3 beds/3 baths, 1617 SF,  2007 condo
  • HOA: $175 and $191
  • This is a short sale.

39 White Sage Irvine, CA 92618 (Los Arboles neighborhood)

  • Asking price: $744,755($372/SF)
  • Listed on Oct 6, 2009 for: $739,185 ($369 SF)
  • What: 3 beds/3 baths, 2003 SF, 2009 condo
  • HOA: $175 and $124