Irvine Housing Blog

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Irvine Housing Overview: Condos and Houses—January 2014 Posted: 12 Feb 2014 03:59 AM PST According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market was 37.80 on January 31, 2014. That is basically what Irvine’s MAI for single-family  homes was last month about this time when the MAI was 36.93 MAI. As defined by Altos, this puts 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.) Altos also states that the average single-family home in Irvine has been on the market for about 100 days as of January 31, 2014. Following is Irvine’s 2014 housing market data as 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           14-Jan $1,082K/170 $832/62 $461 $429 22.2%             Condos           14-Jan $603K/226 $626K/58 $406 $392 20.6%             All           14-Jan $412/422 $688/130 $422 $412 23.4%

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