Irvine House vs Condo Numbers: January 2013

According to Altos Research, Irvine’s single-family housing market is continuing to improve (note the sharp upturn in the graph below). Altos gives Irvine’s single-family homes a Market Action Index of 25.63, which Altos defines as a buyer’s market. (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 127 days as of January 11, 2013.

Altos Market Action Index for Single-family Homes in Irvine

Altos Research

Following is Irvine’s housing market data provided by Redfin on January 14, 2013. To view numbers for Irvine by neighborhood, see my previous post: Irvine Housing Numbers by the Numbers: January 2013.

Type # Homes Listed # Homes Sold List Per SF Sold Per SF
Houses 113 274 $409 $357
Condos 106 324 $377 $327
All 219 598 $389 $338