Irvine Housing Blog

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A Closer Look at Irvine’s Portola Springs Housing Market Posted: 01 Aug 2012 05:00 AM PDT Today we’ll take a look at Irvine’s Portola Springs neighborhood. First, the numbers: Portola Springs—June 2012: Area List Price/ # Homes  Listed Sold Price/ #Homes Sold Median List/   SF Median Sold/  SF % Chg Y-O-Y Sold Price/SF Houses $949K/15 $862K/6 $349 $323 1.6% Condos $464K/16 $568K/2  $291   $277 4.9%  All Portola Springs $622K/31 $724K/8 $321 $308 -4% All Irvine $650K/575 $502K/266 $349 $305 -4.70%   The following graphs show the change in the number of Portola Springs homes on the market, the price per square foot of Portola Springs houses, and the price per square foot of Portola Springs condos, respectively. To give more meaning to these numbers and graphs, I am listing some homes that are near the bottom, top, and middle of the price range for homes in the Portola Springs real estate market.   36 Cienega Condo built in 2008 Beds/Baths: 1/1.5 HOA Dues: $305/month Mello Roos Tax: Yes Price: $324,888/$289 per square foot The Zestimate for this home is $295,735. The Zestimate estimated mortgage is $1,081 per month. 36 Prairie Single-family built in 2007 Beds/Baths: 3/3.5 HOA Dues: $139/month Mello Roos Tax: Yes Price: $1,559,000/$436 per square foot The Zestimate for this home is $1,294,245. The Zestimate estimated mortgage is $5,624 per month. 170 Pathway Single-family built in 2012 Beds/Baths: 4/2.75 HOA Dues: $259/month Mello Roos Tax: Yes Price: $625,920/$304 per square foot The Zestimate for this home is $581,058. The Zestimate estimated mortgage is $2,158 per month. Source: Redfin

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