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

DataQuick Housing Numbers for Irvine’s 92612 ZIP: IBC (Airport Area), Rancho San Joaquin, University Park, University Town Center

2220 Scholarship (IBC)

2220 Scholarship (IBC)

Today is a continuation of our survey of DataQuick’s housing numbers for Irvine broken down by ZIP. Up today is the 92612 ZIP, which includes IBC (Airport Area), Rancho San Joaquin, University Park and University Town Center. The DataQuick numbers are for single-family residences, condos, and new homes.

Median Selling Price

  • April 2010: $445,000 (up 6.0%  y-o-y)
  • March 2010: $430,000 (down 1.83% y-o-y)

Number of Sales

  • April 2010: 33 (up 73.7% y-o-y)
  • March 2010: 34 (up 100.00% y-o-y)

The photo is of 2220 Scholarship, a mid-rise condo in Irvine’s urban village area that is called the IBC (also called the Airport Area on most real estate listings). At $450,000. this home, which is part of the Avenue One development, is priced near the overall median selling price of homes in the 92612 ZIP. However, the IBC’s overall selling price is somewhat lower than is the median selling price for homes in the various 92612 neighborhoods combined. This is one of the problems that exist when homes in Irvine are grouped by ZIP instead of by neighborhood.

Up next: the 92618 ZIP, which includes Portola Springs, Oak Creek, Orange Tree, and Woodbury East

Describing Irvine’s University District’s Neighborhoods

university_smThe University area of the City of Irvine is bordered by the San Diego Freeway (I-405) on the north, Laguna Canyon Road (I-133) on the east, the San Joaquin Hills Transportation Corridor (SR 73) on the south.This area includes the communities of Rancho San Joaquin, Turtle Rock, University Park, University Town Center, Quail Hill, Shady canyon and Turtle Ridge.

The University area also includes the Irvine Business Complex (IBC), which is bordered by the San Diego Creek on the east, Barranca Parkway on the north, The Newport Freeway (I-55) on the west and MacArthur Blvd. on the south.This area of the city includes both commercial and residential areas.–Irvine Police Department websiteIrvine’s University district

Housing prices and stats are important information to have handy when considering buying a home. But the stats are only part of the story. Neighborhood characteristics are also important. With that in mind, following are some links that provide descriptions of the neighborhoods in University, which is one of Irvine’s three geopolicing districts. Special thanks goes to the Irvine Housing Blog.

For information on inventory and pricing of homes in this Irvine district, see “Irvine by the Neighborhood: University District Home Pricing & Inventory Statistics.”