Irvine Housing Blog

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A Look at Some Housing Stats for Irvine and Surrounding Cities Posted: 31 Jul 2013 05:00 AM PDT My post from last week provided some stats on the Irvine housing market, for example, the percentage of the asking price that homes in Irvine sold for. That got me to wondering how these numbers compared to the numbers for other cities near Irvine. So that is what we will look at in today’s post. The following numbers are for the ninety days that precede July 28. Any opinions on what the following numbers are telling us about this housing market? Area Median List Price Median Sale to List Price Avg # of Offers Avg Down Payment # Homes Sold Irvine $739,000/ $426 per SF 100.3%  4.1 25.20% 508  Lake Forest $629,900/ $326 per SF 100.6%  5.3 22.40% 209  Tustin $632,450/ $360 per SF 100.70% 3.4 20.7%  195 Orange $644,700/ $339 per SF 99.0%   4.7  23.1% 302  Santa Ana $385,000/ $291 per SF 100.50% 2.1 10.00% 490 Costa Mesa $749,000/ $432 per SF  99.3% 1.4  17.1%  204  Newport Beach $2,649,950/ $992 per SF  96.9%  5.5 35.0%  315  Orange County $700,000/ $372 per SF 99.6%   4.1  25.9% 6,619  Source: Redfin

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