Irvine Housing Blog

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Irvine Housing Overview: June 2013 Posted: 19 Jul 2013 05:00 AM PDT According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market is 42.57. As defined by Altos, this put the Irvine single-family housing market in the seller’s market category. (Above 30 is defined as a seller’s market; below is defined as a buyer’s market.)  However, after a steady upward climb since the beginning of the year, Irvine’s MAI has started trending down. We will see if this holds true for next month. Altos also states that the average single-family home in Irvine has been on the market for about 79 days as of July 5, 2013. Following is Irvine’s June 2013 housing market data provided by Redfin. Type List Price/# Homes Listed Sold Price/# Homes Sold List Per SF Sold Per SF % Chg Y-O-Y Sold Price/SF Houses           13-Jun $1,112K/186 $855K/99 $462 $414 16% 13-May $1,030/167 $890/113 $457 $411 21.60% 13-Apr n/a n/a n/a n/a n/a 13-Mar $1,020K/101 $904K/62 $443 $381 13.40% 13-Feb na/109  na/272 $415 $354 n/a 13-Jan na/113 na/274 $409 $357 n/a             Condos           13-Jun $585K/235 $540K/130 $418 $391 24.90% 13-May $599K/177 $539K/144 $406 $386 30.40% 13-Apr n/a       n/a n/a n/a n/a 13-Mar $570K/111 $476K/88 $375 $344 21.60% 13-Feb na/100  na/301 $369 $325 n/a 13-Jan na/106 na/324 $377 $327 n/a             All           13-Jun $734K/456 $638K/249 $422 $395 20.80% 13-May $750K/371 $659K/274 $416 $393 26.80% 13-Apr n/a n/a n/a n/a n/a 13-Mar $703K/219 $588K/151 $392 $359 18.90% 13-Feb na/209  na/573 $389 $334 n/a 13-Jan na/219 na/598 $389 $338 n/a

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