Irvine Housing Overview: September 2013

According to Altos Research, the Market Action Index (MAI)for Irvine’s single-family housing market was 39.12 on October 11. That is up from the 35.02 MAI that was recorded about a month ago. 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 64 days as of October 11, 2013.

Following is Irvine’s September 2013 housing market data as provided by Redfin.

Type

List Price/# Homes Listed

Sold Price/# Homes Sold

List Per SF

Sold Per SF

% Chg Y-O-Y Sold Price/SF

Houses

13-Sep

13-Aug

$1,099K/238

$1,075K/235

$920K/132

$908K/114

$462

$459

$423

$406

20.9%

17.70%

13-Jul

$1,125K/210

$900K/122

$459

$435

16.90%

13-Jun

$1,112K/186

$855K/99

$462

$414

16%

13-May

$1,030/167

$890/113

$457

$411

21.60%

13-Apr

n/a

n/a

n/a

n/a

n/a

13-Mar

$1,020K/101

$904K/62

$443

$381

13.40%

13-Feb

na/109

na/272

$415

$354

n/a

13-Jan

na/113

na/274

$409

$357

n/a

Condos

13-Sep

13-Aug

$585K/288

$590K/295

$520K/121

$564K/146

$398

$406

$395

$384

28.7%

24.30%

13-Jul

$588K/295

$522K/135

$416

$394

28.80%

13-Jun

$585K/235

$540K/130

$418

$391

24.90%

13-May

$599K/177

$539K/144

$406

$386

30.40%

13-Apr

n/a

n/a

n/a

n/a

n/a

13-Mar

$570K/111

$476K/88

$375

$344

21.60%

13-Feb

na/100

na/301

$369

$325

n/a

13-Jan

na/106

na/324

$377

$327

n/a

All

13-Sep

13-Aug

$724K/578

$710K/579

$710K/271

$660K/278

$415

$418

$408

$389

25.9%

18.20%

13-Jul

$709K/545

$659K/283

$423

$401

24.10%

13-Jun

$734K/456

$638K/249

$422

$395

20.80%

13-May

$750K/371

$659K/274

$416

$393

26.80%

13-Apr

n/a

n/a

n/a

n/a

n/a

13-Mar

$703K/219

$588K/151

$392

$359

18.90%

13-Feb

na/209

na/573

$389

$334

n/a

13-Jan

na/219

na/598

$389

$338

n/a