A Closer Look at Irvine's Northpark Neighborhood

In a previous post, I gave an overview of the housing statistics for each of Irvine’s neighborhoods. Today I’ll take a more in depth look at the Northpark numbers.

Northpark—March 2012:

Area List Price/# Homes Listed Sold Price/#Homes Sold Median List/SF Median Sold/SF % Chg Y-O-Y Sold Price/SF
Houses $859K/27 $720K/11 $357 $301 -9.1%
Condos $459K/23 $377K/24 $320 $274 -6.2%
All Northpark $674K/50 $465K/36 $341 $281 -8.8%
All Irvine $610K/556 $490K/218 $343 $312 -0.6%

The following graphs show the cahnge in the price per square foot of Northpark houses, the price per square foot of Northpark condos, and the number of Northpark homes on the market, respectively.

To give more meaning to these numbers and graphs, I am listing some homes that are near the top, bottom, and middle of the price range for homes in the Northpark real estate market.

14 Pismo Beach

• What: Single-family built in 2000

• Beds/Baths: 4 /4.5

• HOA Dues: $155/month

• Mello Roos Tax: Yes

• Price as most recently listed: $1,690.000

Note: This home was delisted on April 23. It was also delisted on February 22 of this year and then relisted on March 6. In addition, the property history shows that a sale was pending on February 7. This home last sold for $800,000 on February 27, 2001. My guess is that it will be relisted again soon.

404 Terra Bella

Note: This is one of the few Terra Bella homes that is not currently listed as “sale pending.”

• What: Condo built in 1999

• Beds/Baths: 2/2.5

• HOA Dues: $286/month

• Mello Roos Tax: Yes

• Price: $383,900/$286 per square foot

18 Avalon #5

• What: Condo built in 2002

• Beds/Baths: 3/2.5

• HOA Dues: $128/month

• Mello Roos Tax: Yes

• Price: $549,999/$344 per square foot

Discuss below or at Talk Irvine.