Irvine Housing Blog

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Irvine Housing Overview: Condos and Houses—February 2014 Posted: 12 Mar 2014 05:00 AM PDT According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market was 37.75 on February 28. 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 108 days as of February 28, 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-Feb $1,090K/203 $905K/57 $451 $420 10.50% 14-Jan $1,082K/170 $832K/62 $461 $429 22.20%             Condos           14-Feb $599K/248 $560K/80 $406 $395 13.50% 14-Jan $603K/226 $626K/58 $406 $392 20.60%             All           14-Feb $745K/479 $665K/145 $421 $400 10.50% 14-Jan $412K/422 $688K/130 $422 $412 23.40%

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