Irvine Housing Blog

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Irvine Housing Overview: Condos and Houses—July 2014 Posted: 13 Aug 2014 04:00 AM PDT Below are numbers provided by Redfin for Irvine’s July housing market. The numbers are broken down so that the statistics for condos and houses can be seen. The number of homes on the market in Irvine appears to be leveling off. And the number of homes sold has decreased when compared to previous months this year. Also note that Altos Research states that the Market Action Index (MAI) for Irvine’s single-family housing market was 35.13 on August 8, 2014. According to Altos, above 30 indicates a sellers’ market, below 30 indicates a buyers’ market. 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-Jul $1,068K/374 $865K/91 $449 $415 -4.40% 14-Jun $1,050K/379 $932K/98 $440 $433 4.60% 14-May $1,060K/334 $895K/100 $444 $448 8.50% 14-Apr $1,096K/270 $900K/97 $447 $440 11.70% 14-Mar n/a n/a n/a n/a n/a 14-Feb $1,090K/203 $905K/57 $451    $420    10.50% 14-Jan $1,082K/170 $832K/62 $461    $429    22.20%             Condos           14-Jul $600K/388 $550K/101 $415 $396 0.08% 14-Jun $599K/381 $558K/130 $416 $403 3.30% 14-May $590K/332 $570K/125 $413 $402 5.20% 14-Apr $590K/310 $550K/125 $411 $394 4.50% 14-Mar n/a n/a n/a n/a n/a 14-Feb $599K/248 $560K/80 $406    $395    13.50% 14-Jan $603K/226 $626K/58 $406    $392    20.60%             All           14-Jul $788K/839 $663K/215 $424 $406 1.20% 14-Jun $775K/832 $677K/257 $422 $412 4.30% 14-May $788K/704 $722K/238 $422 $421 7.40% 14-Apr $778K/618 $678K/247 $425 $409 7.60% 14-Mar $799K/487 $680K/na $435    $407    n/a 14-Feb $745K/479 $665K/145 $421    $400    10.50% 14-Jan $412K/422 $688K/130 $422    $412    23.40%

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