A Look at Some Housing Stats for Irvine and Surrounding Cities

My post from last week provided some stats on the Irvine housing market, for example, the percentage of the asking price that homes in Irvine sold for. That got me to wondering how these numbers compared to the numbers for other cities near Irvine. So that is what we will look at in today’s post. The following numbers are for the ninety days that precede July 28.

Any opinions on what the following numbers are telling us about this housing market?

Area Median List Price Median Sale to List Price Avg # of Offers Avg Down Payment # Homes Sold
Irvine

$739,000/

$426 per SF

100.3% 4.1 25.20% 508
Lake Forest $629,900/

$326 per SF

100.6% 5.3 22.40% 209
Tustin $632,450/

$360 per SF

100.70% 3.4 20.7% 195
Orange $644,700/

$339 per SF

99.0% 4.7 23.1% 302
Santa Ana $385,000/

$291 per SF

100.50% 2.1 10.00% 490
Costa Mesa $749,000/

$432 per SF

99.3% 1.4 17.1% 204
Newport Beach $2,649,950/

$992 per SF

96.9% 5.5 35.0% 315
Orange County $700,000/

$372 per SF

99.6% 4.1 25.9% 6,619

Source: Redfin