One of my posts from July of this year provided 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 November 3.
What is your conclusion? Has the local housing market gone up, down, or sideways?
| Area | Median List Price | Median Sale to List Price | Avg # of Offers | Avg Down Payment | # Homes Sold |
| Irvine |
$759,000/ $424 per SF
|
98.3% | 2.2 | 21.50% | 728 |
| Lake Forest |
$568,000/
$331 per SF |
99.3% | 1.1 | 12.30% | 223 |
| Tustin |
$635,000/
$355 per SF |
98.60% | 1.5 | 38.9% | 165 |
| Orange |
$599,000/
$326 per SF |
98.8% | 2.3 | 25.9% | 339 |
| Santa Ana |
$395,000/
$307 per SF |
99.90% | 1.8 | 14.70% | 399 |
| Costa Mesa |
$722,500/
$437 per SF |
98.1% | 2.0 | 20.8% | 196 |
| Newport Beach |
$2,300,000/
$932 per SF |
96.8% | 2.1 | 29.7% | 358 |
| Orange County |
$674,900/
$368 per SF |
98.3% | 2.3 | 20.5% | 8,000 |
Source: redfin.com