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Irvine Housing Overview: March/April 2014

Apr 23rd, 2014 by Sylvia Walker 

According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market was 38.30 on April 4, 2014. This means that the Irvine MAI moved up just a tick from where it was about this time last month. As defined by Altos, this puts the Irvine single-family housing market in the seller’s market category. (Above 30 is defined as a seller’s market; below is defined as a buyer’s market.) Altos also states that the average single-family home in Irvine has been on the market for about 105 days as of April 4th.

Overview of Irvine Real Estate Trends Provided by Redfin (*

  • Median List Price: $800K
  • Median Sale Price: $690K
  • Median Sale $/Sq Ft: $408
  • Median Sale / List: 98.5%
  • Average Number of Offers 3.1
  • Average Down Payment: 24.4%
  • Number of Homes Sold: 503

*These figures include the house and condo numbers combined and are calculated over the ninety days prior to April 20, 2014.

Posted in News

Open House Review: 91 Summerstone

Apr 22nd, 2014 by SMS 

Woodbridge Single Family Tropical Spot in Outer Loop
91 Summerstone $929,000

Turning off of Main, onto West Yale Loop, and taking Blue Lake South leads you to 91 Summerstone. This 4 bedroom, 2 and a half bath home delivers a smart package of updates featuring a stunning backyard with in ground rock spa and waterfall. New to the market, about 9 days, it will be interesting to see how the outer loop location with updates and features sifts out in the current market. Recently I reviewed 11 Mandarin in Woodbridge, which is currently pending at $959,000. It shows equally well and sits on a similar size lot in the inner loop with one less bedroom. Both properties seem to underscore the strength of the Woodbridge market.

Significant Numbers: Built in 1981, this two level 2,000 sq. ft. single family home sits on a 4,642 sq. ft. lot at $465 a sq. ft. HOA dues are $83 a month. There are no Mello Roos. 

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Open House Review: 59 Darlington

Apr 17th, 2014 by Karen 

Last month, I reviewed two condos in Northwood Pointe’s Greystone Villas neighborhood, each with the same floorplan. This weekend, I happened to find a third condo with the exact same layout on the market. As of April 14, the first one I reviewed at 447 Ridgeway is still on the market (59 days) for $515,000, while 159 Islington is now pending with a list price of $529,000. The newest one, 59 Darlington, has been on the market for 23 days and is listed at $529,888. Let’s see how it compares to the others.

The basics:
Asking Price: $529,888
Bedrooms: 2
Bathrooms: 2
Square Footage: 1,300
Lot Size: N/A
$/Sq Ft: $408
Days on Market: 23
Property Type: Condominium
Year Built: 1998
Community: Northwood Pointe, Greystone Villas

HOA dues are $286 ($40 + $246) per month and there are Mello Roos.

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Bicycling Trails in Irvine and Orange County

Apr 16th, 2014 by Sylvia Walker 

Last week I wrote about the Orange County Transportation Agency (OCTA) bicycling safety workshop that was to be held at Irvine City Hall. This week I am continuing the theme of bike riding in Irvine and Orange County.

Irvine has been recognized as “best” in many categories, and, at times, this has included the accolade of best bicycling city. This might be due to Irvine’s Bicycle Transportation Plan, which resulted in an extensive system of bike trails—over 300 lane miles of on-street and 54 miles of off-street bikeways.

If you like bicycle riding, you might try one of the Irvine bike trails found in the map above. You might also be interested in some other Orange County bike trails. And for the hardcore bike enthusiast, you might be interested in joining the Bicycle Club of Irvine (BCI), which is open to residents of Irvine and other areas.

You can find other information related to bike riding in Irvine and Orange County, including the City of Irvine Interactive Bikeways Map and the

OCTA Bikeways Information Page and Interactive Map, at this link

Posted in News

Open House Review: 30 Bluejay

Apr 15th, 2014 by SMS 

Woodbridge Single Family Home with Designer Updates
30 Bluejay $837,000

Turning off of West Yale Loop, onto Burwood and then winding back to 30 Bluejay leads you to an example of a home using designer updates to compete in today’s market. Just down the street from Bluejay Park, and near the end of the cul de sac, this home sits in the outer loop of Woodbridge near Culver Drive. There is a little traffic noise outside. Inside, designer updates have been skillfully used from the inviting front curb landscaping to the immaculate stone floored patio in the back of the home. Each may help this property compete in today’s Woodbridge market. Brand new to the market, about five days, the home is listed at $837,000.

Significant Numbers: Built in 1978, this 1,549 sq. ft. home sits on a 3,920 sq. ft.lot at $540 a sq. ft. HOA dues are $82 a month.


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Open House Review: 132 Pineview

Apr 14th, 2014 by Joy 

I reviewed a couple of two bedroom units on Pineview back in February, but this is the first one bedroom model I have seen. I was pleasantly surprised with the spaciousness and layout of this two level end unit. Being an end unit has the advantage of having additional windows and light flooding the home, as well as a more private patio. It is also located next to the visitor parking spots and just steps away to its designated covered parking space.


Asking Price: $308,600
Bedrooms: 1
Bathrooms: 1
Square Footage: 932
Lot Size: 871 sq ft
Price per Square Foot: $331
Property Type: Condominium
Style: Two Level
Year Built 1978
Community: Northwood, The Pines
HOA Fees: $310
Mello Roos: No
Days on Market: 33

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Open House Review: 33 Christamon South

Apr 10th, 2014 by Karen 

Today, I saw a townhouse at 33 Christamon South, #14 in Northwood. Though it has three bedrooms, one room may function better as an office or master retreat. The owners recently upgraded many areas of the home and made a change to the layout upstairs.

The basics:
Asking Price: $540,000
Bedrooms: 3
Bathrooms: 2.5
Square Footage: 1,373
Lot Size: N/A
$/Sq Ft: $393
Days on Market: 8
Property Type: Townhouse, one common wall
Year Built: 1984
Community: Northwood

HOA dues are $314 per month and there are no Mello Roos.

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