Irvine CA Real Estate on the Upswing with Buyer Demand

While Irvine CA real estate continues with hot buyer demand, needing more properties listed for sale, the selling rate and prices continue with positive upswing.

 

During the past 30 days 199 Irvine homes were sold - 25 percent more than sold during the same time last year.

 

The median sales price for an Irvine home during the past 30 days was $665,500.

 

For 22 business days ending October 18, 2012:

• Irvine 92620 - median sold at $625,500, which is 10.6 percent up from last year - 75 homes sold, which is up 150 percent from last year.
• Irvine 92602 - median sold price of $595,000, which is down 15 percent from last year - 21 homes sold, which is down 4 percent from last year.
• Irvine 92603 - median sold price was $780,000, which was 11 percent down from same time last year - 32 homes sold, which is 22 percent up from last year.
• Irvine 92604 - median sold price of $450,00 - which is 7.8 percent up from last year - 28 homes sold, which is same as last year.
• Irvine 92606 - median sold price of $595,000, which is 8.7 percent up from last year - 17 homes sold, which is 31 percent up from last year.
• Irvine 92612 - median sold price of $531,000, which is 26 percent up from last year - 35 homes sold, which is 9.4 percent up from last year.
• Irvine 92614 - median sold price at $480,000, which is 4 percent down from last year - 26 homes sold, which is 44 percent up from last year.
• Irvine 92618 - $672,000 - which is up 20 percent from last year - 51 homes sold, which is 54 percent more than last year.

Irvine CA real estate now has only 273 homes listed for sale - as of November 3, 2012 - and needs about 800 homes listed for a balanced market between buyers and sellers.

The Irvine market doesn't have enough homes for sale to keep up with huge buyer demand, and sellers are enjoying the advantage.

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Source of some information is CRMLS and OCRegister.com.

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Posted via email from Explore OC Homes