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?
|Area||Median List Price||Median Sale to List Price||Avg # of Offers||Avg Down Payment||# Homes Sold|
|Irvine||$820,000/$431 per SF||98.6%||2.7||24.60%||618|
|Lake Forest||$619,000/$337 per SF||98.7%||2.6||19.60%||223|
|Tustin||$669,000/$376 per SF||98.40%||4.3||13.7%||148|
|Orange||$639,000/$345 per SF||98.4%||2.3||18.6%||336|
|Santa Ana||$430,000/$314 per SF||99.10%||3||10.30%|