Irvine's Economy Engine Dominates other Orange County Home Resale Markets

 

Even during these challenging market times, IRVINE at South Orange County continues to dominate the local real estate markets. 

IRVINE is the third largest city in Orange County (population of about 218,000) and is the economy powerhouse with more jobs per person than other OC cities.

IRVINE continues to dominate local Orange County housing markets on dollars spent by the buyers. 

• IRVINE - sold 161 homes on resale market during November 2010, with average sold price of $756,741, so buyers spent $121,894,200 on Irvine homes during November.

See IRVINE single family homes now listed - click here for active link.

Santa Ana is largest city in Orange County in terms of population.

• Santa Ana - sold 147 homes during November 2010 with average sold price of $274,054, so Santa Ana buyers spent $40,285,938.

Anaheim is 2nd larges city by population.

• Anaheim - sold 100 homes during November, with average sold price of $317,029, so buyers spent $31,702,900 in that month.

Newport Beach is one of the grandest areas for residential homes in Southern California.

• Newport Beach - sold 52 homes during November 2010 with average sold price of $1,195,092, so buyers spent $62,144,784 during that time.

See Newport Beach condo homes now listed - click here for active link.

Huntington Beach Surf City is a large primarily residential community close to the ocean.

• Huntington Beach - sold 116 homes during November 2010, with average sold price of $651,922, so buyers paid $75,622,952 at Surf City during that month.

Laguna Beach is one of the most popular Pacific ocean communities in California.

• Laguna Beach sold 28 homes during November, 2010, with average sold price of 1,652,375, so buyers spent $46,266,500 during November.

Costa Mesa has been one of the most popular areas for home buying at Orange County.

• Costa Mesa - sold 41 homes during November, with average sold price of $530,224, and buyers paid total of $21,739,184.

Jobs, a healthy local economy and great schools bring people to Irvine. 

Folks who work at Irvine want and need homes and places to live. 

IRVINE's economy engine will continue to dominate, and we expect IRVINE home values to remain strong even during challenging economy times. 

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Information here is for homes reported sold by the SoCal Multiple Listing Service, does not include trustee auction sales or FSBOs, and mostly does not include new home sales, such as those sold by The Irvine Company.

Harrison K. Long - Business Solutions and Advisory - REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com (email) - CA DRE 01410855 - www.LiveAtNewportBeach.com  -  www.OCPropertyNews.com  -  www.CostaMesaLive.com  -  www.Irvine-homevalues.com  - www.NewportCoastLive.com   - www.CoastLivinghomes.com  - www.OCHomeValueGuide.com -  www.LiveAtIrvine.com  - www.ExploreOCHomes.com  -  www.LiveAtOrangeCounty.com - www.IrvineBestValues.com   

"Helping People, Moving Forward, Developing Relationships and Protecting Property Values"  - We list and sell homes at Irvine, Orange County, CA.  If you have questions about Irvine homes or sale market, please contact us. Thanks.  

 

Posted via email from Explore OC Homes