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

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

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

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

118 Confederation Way, Irvine (West Irvine)

Recently, I posted the DataQuick’s March 2010 median selling price and number of sales for each of Irvine’s ZIP codes. Following is the January 2010 price per square foot, courtesy Redfn, for Irvine’s 92602 ZIP.

I provided the price per square numbers for  Irvine houses and condos in this ZIP, as well as the combined number (houses plus condos). Two examples of housing in this ZIP are 118 Confederation Way in West Irvine and 91 Talmadge in Northpark.

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

91 Talmadge, Irvine (Northpark)

92602 Median Price per Square Foot–January 2010 (Northpark, West Irvine)

• house-$318 (down 11% from January 2009)
• condo-$321 (up 3.2% from January 2009)
• both-$321 (down 0.8% from January 2009)

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:

• Northwood (includes Northwood Point)
• North Park (includes North Park Square)
• Oak Creek
• Orangetree
• West Irvine (92602 ZIP code includes West Irvine and North Park)
• East Irvine
• Old Towne Irvine
• Woodbury
• Woodbury East
• Great Park Neighborhood-Heritage Fields
• Portola Springs
• Orchard Hills

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

Here are some recent housing numbers for Irvine’s 92602 ZIP. This ZIP includes the Northpark and West Irvine neighborhoods.

• Median Selling Price: $620,000 (2.1% year-to-year increase)*
• Number of Sales: 13 (18.8% year-to-year decrease)*
• Median Price/SF–Houses:
  List: $316/SF (3% month-to-month decrease)**
  Sold: $332/SF (4% month-to-month decrease)**
• Median Price/SF–Condos:
  List: $316/SF (2% month-to-month increase)**
  Sold: $325/SF (1% month-to-month increase)**
• Number of homes for sale: 39 houses/69 condos**

*DQNews-December 2009, includes houses and condos
**Redfin-January 2010

Note: Graphs are courtesy of Redfin Corporation. They are as follows: sold price per square foot for houses, sold price per square foot for condos, and the number of homes on the market in the 92602 ZIP.

As reported by Redfin, the housing numbers for Irvine’s 92602 ZIP code, which includes Irvine’s Northpark and West Irvine neighborhoods, were as follows in July 2009. The graphs, courtesy Redfin, are in descending order: 92602 inventory, 92602 detached house price per square foot, 92602 condo price per square foot.

Homes on market (inventory)

• detached house–56
• condos–72

Median price per square foot

• detached house
  list–$346/SF
  sold–n/a

• condo
  list–$318/SF
  sold–n/a

Price reductions*:

• Percentage of home with price reductions
  Detached house–38.9%
  Condo–33.3%
• Total percent of the reduction
  Detached house–5.7%
  Condo–3.6%

Median days on Redfin*

• Detached house: 68
• Condo: 48

Also note that the Redfin’s overall list price for the 92602 ZIP in July 2009 was $595,000, and the May 2009 sold price was $628,000. In addition, 25 homes in this ZIP sold in May 2009.

*Based on homes sold or taken off the market between June 3, 2009 and September 1, 2009

At 30 Avalon, Irvine, CA 92602 is a detached Northpark condo built in 2002 with 3 beds/2.5 baths and 1601 square feet. Homeowners association fee is a reasonable $128 per month and includes access to a pool, spa, barbecue, and sports court. As with all HOA, there are rule. And although I don’t know exactly what they are, apparently rules about pets are one of these. The asking price is $648,900 ($405 per square foot).

Considering that another detached condo with 1750 square feet in West Irvine (82 Sorenson, Irvine, CA 92602) is listed for approximately the same price and currently accepting backup offers, this seems high. The Sorenson home, which was built in 2001, has 4 bedrooms/3 baths, and the asking price is $650,000 ($371/SF). HOA fees are $100 and $50 per month.

I like the exterior look of the Northpark home; however, the MLS pictures show a lack of light in some rooms (either this or just poor pictures). And then there is the fact that the size is smaller than the West Irvine home. The Northpark home has only been listed for one day, so it will be interesting to see what happens with this home. The West Irvine home is also worth watching. Even if a home is listed as accepting backup offers, it does not mean that a sale is pending.

I’ll check back on both of these homes to see what the final outcome is.

Tomorrow: a look at the housing numbers for this part of Irvine