Irvine Housing Blog

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Irvine’s Most Popular Homes on the Market with Price Reductions Posted: 16 Oct 2013 05:00 AM PDT In my post last week, which highlighted three homes in Irvine’s most affordable category, I noted that 2 of these 3 homes had recent price reductions. Since many of the local news reports had been reporting on the multiple offers for homes that have been for sale recently, I started wondering if the tide is shifting and if reductions in other categories of the Irvine housing market were becoming less prevalent. So I took a look at the homes that Redfin has listed as the most popular in Irvine. I found that of the approximately 40 homes that Redfin currently lists in their most popularly viewed category, six have recent price reductions. Below is some information on these homes. 5 Whitewood Way • $720,000 ($317 per square foot) • 4 beds/2 baths (2,268 square feet) • Attached home built in 1968 • University Park Neighborhood • HOA: $185/month • Mello Roos: none listed • Reduced September 29 from the original list price of $750,000 Note: Sale pending/back-up offers accepted as of October 12. Sold in February 2004 for $545,000. 3631 Claremont Street • $769,000 ($320 per square foot) • 5 beds/3.5 baths (2,400 square feet) • Single-family home built in 1969 • Westpark Neighborhood • HOA: $75/month • Mello Roos: none listed • Reduced October 4 from the original list price of $795,000 Note: Sold on March 27, 2013 for $538,500 3 Atlanta • $750,000 ($373 per square foot) • Single-family home built in 1978 • 4 beds/2.5 baths (2,010 square feet) • Northwood Neighborhood • HOA: $65/month • Mello Roos: none listed • Reduced October 5 from the original list price of $839,000 Note: Sold on November 4, 2010 for $688,000 50 Eagle Point #27 • $439,900 ($374 per square foot) • Single-family condominium built in 1978 • 3 beds/2 baths (1135 square feet) • Woodbridge Neighborhood • HOA: $336/month • Mello Roos: none  • Reduced October 2 from the original list price of $449,900 Note: Sold on March 12, 2013 for $321,000   6 Bayfield • $750,000 ($395 per square foot) • Single-family home built in 1999 • 4 beds/3 baths (1900 square feet) • Woodbridge Neighborhood • HOA: $169/month • Mello Roos: none • Reduced September 25 from the original list price of $800,000 Note: Sold on October 29, 1999 for $319,090 202 Terra Bella • $499,000 ($310 per square foot) • Single-family condominium built in 2000 • 3 beds/2.25 baths (1610 square feet) • Northpark Neighborhood • HOA: $405/month • Mello Roos: Yes • Reduced September 24 from the original list price of $529,000 Note: Sold on August 25, 1999 for $455,000

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