A Look at Some Housing Stats for Irvine and Surrounding Cities: July 2014

Here are some housing market statistics for Irvine and some surrounding cities. When I reviewed these numbers, two points stood out. First, the average down payments for houses in Lake Forest and Santa Ana have increased greatly from the numbers of about a month ago. Second, when compared to numbers from about this time last month, the number of homes that sold in every one of these cities has increased.

The following numbers are for the ninety days that precede July 11.

Area Median List Price Median Sale to List Price Avg # of Offers Avg Down Payment # Homes Sold
Irvine $799,000/

$429 per SF

98.50% 2 21.70% 641
Lake Forest

$640,000/

$343 per SF

98.40% 2.3 49.60% 257
Tustin $650,000/

$369 per SF

98.20% 2.4 21.00% 185
Orange $649,000/

$345 per SF

98.50% 2.4 15.10% 350
Santa Ana $515,000/

$340 per SF

98.50% 2.2 39.30% 463
Costa Mesa $729,000/

$440 per SF

98.60% 1.5 15.00% 225
Newport Beach $2,225,000/

$927 per SF

96.30% 3 48.80% 371
Orange County $699,000/

$373 per SF

98.3% 2.5 23.90% 7,790