Sweet Orange

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.

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

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 Sold Price/SF-Condos

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

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

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 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 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 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

Irvine’s Rancho San Joaquin: Median Price per Square Foot Housing Number Trend

Following are the housing numbers for Irvine’s Rancho San Joaquin neighborhood. The homes on the market in this area are all condos, which is also true for Irvine’s University Town Center and Irviine Business Complex, which is also known as the IBC or the airport area.  (The Orange Tree neighborhood is mostly condos but does include a few detached homes.)

As shown by the Redfin graph that cover July 2007 to the present, the median sold price per square foot for homes in Rancho San Joaquin hit a low in April 2008. Since that time, the median price per square foot has had some ups and downs but has always stayed above the April 2008 low. As shown by the Redfin numbers listed below, the overall median sold price for Rancho San Joaquin homes since the beginning of 2009 has stayed constant ($420,000 to $425,000). Redfin stats also state that no Rancho San Joaquin homes sold in January 2009.

Trulia statistics show that the overall median sales price is down 1.2% from the previous quarter; down 29.3% from the previous year, and down 13.4% from five years ago. Trulia also states that the average price per square foot changed 0% from when compared to the same time last year.  According to the Trulia stats, only 3 San Joaquin homes sold in the first quarter of 2009.

These various numbers—some going up, some going down, some going sideways—show a complex picture of what is happening in the San Joaquin housing market.

For more information on housing in this area, see the Rancho San Joaquin map.

April 4, 2009

• Median List price: $537K/$331 per SF
• Median Sold price: $424K/$339 per SF*
• Median days on market: 107*
• Number of homes on the market: 14
  (0 detached/14 condos; 0 Bank and MSL foreclosures)

February 26, 2009

• Median List price: $537,000/$331 per SF
• Median Sold price: $420K/$277 per SF*
• Median days on market: 179*
• Number of homes on the market: 16
  (0 detached/16 condos; Bank and MSL foreclosures)

January 31, 2009

• Median List price: $429,000/$330 per SF
• Median Sold price: $422K/$334 per SF*
• Median days on market: 137.5*
• Number of homes on the market: 9

December 30, 2008

• Median List price: $434,450/$348 per SF
• Median Sold price: $425K/$392 per SF*
• Median days on market: 116*
• Number of homes on the market: 8

Sources: Redfin; Trulia

Tomorrow: A look at Irvine’s Orange Tree numbers

Tuesday: The Highs, the Lows and the In Between: A Closer Look at Housing in Irvine’s Rancho San Joaquin Village