Irvine Housing Blog

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A Look at Some Housing Stats for Irvine and Surrounding Cities: May 2014 Posted: 04 Jun 2014 04:00 AM PDT One of my posts from November 2013 provides stats on the Irvine housing market and some surrounding cities. Today we will take an updated look at these numbers. These two sets of numbers can be used to do some then-and-now comparison. The following numbers are for the ninety days that precede May 31. What is your conclusion? Has the local housing market gone up, down, or sideways? Area Median List Price Median Sale to List Price Avg # of Offers Avg Down Payment # Homes Sold Irvine $820,000/$431 per SF 98.6% 2.7 24.60% 618 Lake Forest $619,000/$337 per SF 98.7% 2.6 19.60% 223 Tustin $669,000/$376 per SF 98.40% 4.3 13.7% 148 Orange $639,000/$345 per SF 98.4% 2.3 18.6% 336 Santa Ana $430,000/$314 per SF 99.10% 3 10.30% 359 Costa Mesa $744,000/$477 per SF 98.1% 2.0 10.0% 217 Newport Beach $2,290,000/$916 per SF 96.8% 3.0 40.0% 363 Orange County $699,000/$377 per SF 98.4% 2.6 24.5% 7,268

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