Irvine Housing Blog

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A Look at Some Housing Stats for Irvine and Surrounding Cities: July 2014 Posted: 16 Jul 2014 04:00 AM PDT Here are some housing market statistics for Irvine and some surrounding cities. When I reviewed these numbers, two points stood out. First, the average down payments for houses in Lake Forest and Santa Ana have increased greatly from the numbers of about a month ago. Second, when compared to numbers from about this time last month, the number of homes that sold in every one of these cities has increased. The following numbers are for the ninety days that precede July 11. Area Median List Price Median Sale to List Price Avg # of Offers Avg Down Payment # Homes Sold Irvine $799,000/ $429 per SF 98.50% 2 21.70% 641 Lake Forest $640,000/ $343 per SF 98.40% 2.3 49.60% 257 Tustin $650,000/ $369 per SF 98.20% 2.4 21.00% 185 Orange $649,000/ $345 per SF 98.50% 2.4 15.10% 350 Santa Ana $515,000/ $340 per SF 98.50% 2.2 39.30% 463 Costa Mesa $729,000/ $440 per SF 98.60% 1.5 15.00% 225 Newport Beach $2,225,000/ $927 per SF 96.30% 3 48.80% 371 Orange County $699,000/ $373 per SF   98.3%  2.5 23.90% 7,790

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