Sweet Orange

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.

17 Alejo #60, Irvine (Turtle Rock)

Recently, I posted the January 2010 price per square foot information for Irvine’s 92602 ZIP (West Irvine and Northpark). Following is the January 2010 price per square foot, courtesy Redfn, for Irvine’s 92603 ZIP.

I provided the price per square numbers for  houses and condos in the 92603 ZIP, as well as the combined number (houses and condos). Two example of housing is this ZIP are 17 Alejo #60, Irvine in Turtle Rock and 53 Boulder View, Irvine in Shady Canyon.

53 Boulder View, Irvine (Shady Canyon)

92603 Median Price per Square Foot–January 2010 (Shady Canyon, Turtle Ridge, Turtle Rock, Quail Hill)

• house-$476 (up 6.7% from January 2009)
• condo-$327 (down 10.7 % from January 2009)
• both-$398 (down 0.4% from January 2009)

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

Following are some housing market numbers for Irvine. The 92603, 92604 and 92614 ZIPs are particularly interesting.

Note that the 92603 July asking price of $582 per square foot seems particularly unrealistic considering that the July selling price for the 92603 ZIP was $374 per square foot. The 92603 ZIP includes some of the most expensive homes in Irvine, including Irvine’s most expensive neighborhood, Shady Canyon. Other neighborhoods in Irvine’s 92603 include Quail Hill, Turtle Rock, and Turtle Ridge.

You might also want to pay special attention to the Woodbridge ZIPs: 92604 and 92614. As reported in the The Orange County Register, the increase in the percentage of Woodbridge foreclosures are some of the  highest in Orange County, especially in the 92604 ZIP. The 92604 ZIP includes the upper part of the Woodbridge neighborhood as well as the  El Camino neighborhood (See the map.)

According to DataQuick, Irvine’s July 2009 housing numbers by ZIP are as follows: ZIP/Median Selling Price/% change in price from previous month/# of homes sold/% change in number sold from previous month (DQNews).

Tomorrow: Irvine detached and condo stats