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Irvine Housing Numbers by Neighborhood: First Trimester 2014

Jun 24th, 2014 by Sylvia Walker 

Here is a look at some Irvine housing stats by neighborhood—January 2014 and April 2014:\

Area List Price/# Homes Listed Sold Price/# Homes Sold List Per SF Sold Per SF % Chg Y-O-Y Sold Price/SF
14-Apr $564K/72 $660/23 $463 $380 1.10%
14-Jan $620K/55 $645K/11 $433 $398 20.20%
Columbus Grove n/a        
El Camino Real          
14-Apr $555K/23 $624K/12 $430 $488 24.20%
14-Jan $669K/19 $610K/8 $416 $445 21.90%
14-Apr $710K/70 $640K/29 $394 $387 13.50%
14-Jan $745K/47 $494K/11 $396 $368 16.10%
14-Apr $749K/92 $765K/45 $406 $384 2.10%
14-Jan $793K/54 $736K/18 $397 $379 20.70%
Oak Creek          
14-Apr $469K/24 $475K/8 $399 $404 12.50%
14-Jan $387K/18 $625K/5 $423 $438 29.60%

Posted in News

Open House Review: 10 Palmatum

Jun 23rd, 2014 by Joy 

Last week I reviewed the same one level floor plan at 38 Christamon West, which sits across the street from Santiago Hills Elementary School.  This week I am visiting 10 Palmatum which sits across the street from the back of Santiago Hills Elementary School.  Although the model is the same, 10 Palmatum kept the original layout inside the home while 38 Christamon restructured the kitchen and dining room area. 

Asking Price: $835,000                                        
Bedrooms: 3
Bathrooms: 2
Square Footage: 1,664
Lot Size: 5,663
$/Sq Ft: $502
Days on Market: 12
Property Type: Single Family Residence
Year Built: 1980
Community: Northwood – Park Paseo

HOA dues are $89 per month and there are no Mello Roos taxes.

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Irvine Housing Overview: Condos and Houses—April 2014

Jun 11th, 2014 by Sylvia Walker 

Below are numbers provided by Redfin for Irvine’s April housing market. The numbers are broken down so that the statistics for condos and houses can be seen. Note that a lot more homes in all categories sold in April than was true earlier this year. Also, more homes were on the market than was true earlier this year.

Also note that Altos Research states that the Market Action Index (MAI) for Irvine’s single-family housing market was 38.88 on May 30, 2014. 

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Posted in News

Orchard Hills Overview

Jun 10th, 2014 by Karen 

After many years of waiting, Orchard Hills finally debuted 12 new sets of models this weekend.  The neighborhood is split into two parts Orchard Hills and a gated community known as The Groves at Orchard Hills.  This week, I will present an overview of the non-gated side, located within the Culver Drive/Orchard Hills Drive loop.  Over the coming weeks, I will present the five sets of models within this neighborhood, as well as an overview of The Groves and the seven sets of models on that side.

There are five collections on the non-gated side of Orchard Hills.  The smallest, Entrata, is a combination of townhomes and flats.  The next smallest, Vista Scena, are all townhomes.  The remaining three collections – Corte Bella, Terrazza, and Strada – are all single family residences.  All five collections were built by Irvine Pacific.  Each collection has three basic floorplans, though some have one or two additional variations on one of the plans.  Every home in these five collections has a two car garage.  Here is a quick rundown of the collections, from smallest to biggest:

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Posted in Community Profile

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

Jun 4th, 2014 by Sylvia Walker 

One of my posts from November 2013 provides stats on the Irvine housing market and some surrounding cities. Today we will take an updated look at these numbers. These two sets of numbers can be used to do some then-and-now comparison. The following numbers are for the ninety days that precede May 31.

What is your conclusion? Has the local housing market gone up, down, or sideways?

AreaMedian List PriceMedian Sale to List PriceAvg # of OffersAvg Down Payment# Homes Sold
Irvine$820,000/$431 per SF98.6% 2.724.60%618
Lake Forest$619,000/$337 per SF98.7% 2.619.60%223
Tustin$669,000/$376 per SF98.40%4.313.7% 148
Orange$639,000/$345 per SF98.4% 2.3 18.6%336
Santa Ana$430,000/$314 per SF99.10%310.30%359
Costa Mesa$744,000/$477 per SF 98.1%2.0 10.0% 217
Newport Beach$2,290,000/$916 per SF 96.8% 3.040.0% 363
Orange County$699,000/$377 per SF  98.4% 2.6 24.5%7,268

Posted in News

Open House Review: 19 Sycamore

Jun 3rd, 2014 by SMS 

Turtle Rock Single Family Detached Patio Home Near UCI

19 Sycamore   $1,375,000

Heading up Campus and turning onto Turtle Rock Drive quickly takes you to this quiet spot on Sycamore. New to the market, about 6 days, this single level 4 bedroom, 2 bath detached homeoffers a good sized lot in Turtle Rock’s interior loop location, tucked away, but still close to UCI and Orange County’s many options. According to public records the property sold for $1,139,000 in 2006. 

Significant Numbers: Built in 1977, this 2,348 sq. ft. single family, 4 bedroom, 2 bath home sits on a 6,612 sq. ft. lot. HOA dues are $98 and the price per sq. ft is $586. 


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Open House Review: 63 Turnbury Lane

May 30th, 2014 by Karen 

I recently saw 63 Turnbury Lane in Northwood Pointe’s Carlyle at Lanes End community.  The house is now pending, but they are accepting backup offers.

The basics:

Asking Price: $773,000
Bedrooms: 3
Bathrooms: 2.5
Square Footage: 1,857
Lot Size: 2,862
$/Sq Ft: $416
Days on Market: 28
Property Type: Single Family Home
Year Built: 1998
Community: Northwood Pointe, Carlyle at Lanes End

HOA dues are $136 ($96 + $40) per month and there are Mello Roos.

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