Irvine CA Home Values Solid and Economy Strength at OC

IRVINE is the economy powerhouse at Orange County CA with industry, jobs and employment.

Irvine's home buyers continue to buy and spend more total dollars on homes than at any other city in Orange County.

Irvine's solid home resale values are bucking against property data geek "doom and gloom" commentaries.

Irvine CA home resold prices and trends

2011 - so far this year until June 13, 2011 - 879 Irvine homes sold - average sold price of $640,858

2010 - calendar year - 2,041 Irvine homes sold - average sold price of $671,282

2009 - calendar year - 1,941 Irvine homes sold - average sold price of $658,044

2008 - calendar year - 1,680 Irvine homes sold - average sold price of $715,503

2007 - calendar year - 1,694 Irvine homes sold - average sold price of $798,791 (peak of sold price)

2006 - calendar year - 2,034 Irvine homes sold - average sold price of $789,059

2005 - calendar year - 3,064 Irvine homes sold - average sold price of $714,194 (peak of quantity sold)

2004 - calendar year - 2,725 Irvine homes sold - average sold price of $649,525

2003 - calendar year - 3,200 Irvine homes sold - average sold price of $492,332

2002 - calendar year - 2,936 Irvine homes sold - average sold price of $404,672

With almost 190,000 jobs, Irvine continues to be the economy driver for Orange County.

Irvine average home resale prices are now only 19.6% off the peak in 2007 and are expected to solidify. 

Current 2001 average home resale price as compared with $404,672 average during 2002, shows total price increase of 39.7 percent during that time. 

We encourage Irvine home sellers to be optimistic about price and to prepare their properties in the best possible way to stay ahead of the competition for good buyers.

_________________________________________________________________

This is information from Southern California MLS and does not include that for new home sales or those sold at trustee auctions after foreclosure.

Harrison K. Long - solutions for real estate and business - REALTOR® and broker associate, GRI - Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com(email) - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs®

Contact us with your questions about Irvine real estate, listing and selling of homes and properties @ Orange County, California. 

Posted via email from Explore OC Homes