Below are numbers provided by Redfin for Irvine’s July housing market. The numbers are broken down so that the statistics for condos and houses can be seen. The number of homes on the market in Irvine appears to be leveling off. And the number of homes sold has decreased when compared to previous months this year.
Also note that Altos Research states that the Market Action Index (MAI) for Irvine’s single-family housing market was 35.13 on August 8, 2014. According to Altos, above 30 indicates a sellers’ market, below 30 indicates a buyers’ market.
Following is Irvine’s 2014 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 | |||||
| 14-Jul | $1,068K/374 | $865K/91 | $449 | $415 | -4.40% |
| 14-Jun | $1,050K/379 | $932K/98 | $440 | $433 | 4.60% |
| 14-May | $1,060K/334 | $895K/100 | $444 | $448 | 8.50% |
| 14-Apr | $1,096K/270 | $900K/97 | $447 | $440 | 11.70% |
| 14-Mar | n/a | n/a | n/a | n/a | n/a |
| 14-Feb | $1,090K/203 | $905K/57 | $451 | $420 | 10.50% |
| 14-Jan | $1,082K/170 | $832K/62 | $461 | $429 | 22.20% |
| Condos | |||||
| 14-Jul | $600K/388 | $550K/101 | $415 | $396 | 0.08% |
| 14-Jun | $599K/381 | $558K/130 | $416 | $403 | 3.30% |
| 14-May | $590K/332 | $570K/125 | $413 | $402 | 5.20% |
| 14-Apr | $590K/310 | $550K/125 | $411 | $394 | 4.50% |
| 14-Mar | n/a | n/a | n/a | n/a | n/a |
| 14-Feb | $599K/248 | $560K/80 | $406 | $395 | 13.50% |
| 14-Jan | $603K/226 | $626K/58 | $406 | $392 | 20.60% |
| All | |||||
| 14-Jul | $788K/839 | $663K/215 | $424 | $406 | 1.20% |
| 14-Jun | $775K/832 | $677K/257 | $422 | $412 | 4.30% |
| 14-May | $788K/704 | $722K/238 | $422 | $421 | 7.40% |
| 14-Apr | $778K/618 | $678K/247 | $425 | $409 | 7.60% |
| 14-Mar | $799K/487 | $680K/na | $435 | $407 | n/a |
| 14-Feb | $745K/479 | $665K/145 | $421 | $400 | 10.50% |
| 14-Jan | $412K/422 | $688K/130 | $422 | $412 | 23.40% |