Today we’ll take a look at Irvine’s Portola Springs neighborhood. First, the numbers:
Portola Springs—June 2012:
|
Area
|
List Price/ # Homes Listed
|
Sold Price/ #Homes Sold
|
Median List/ SF
|
Median Sold/ SF
|
% Chg Y-O-Y Sold Price/SF
|
|
Houses
|
$949K/15
|
$862K/6
|
$349
|
$323
|
1.6%
|
|
Condos
|
$464K/16
|
$568K/2
|
$291
|
$277
|
4.9%
|
|
All Portola Springs
|
$622K/31
|
$724K/8
|
$321
|
$308
|
-4%
|
|
All Irvine
|
$650K/575
|
$502K/266
|
$349
|
$305
|
-4.70%
|
The following graphs show the change in the number of Portola Springs homes on the market, the price per square foot of Portola Springs houses, and the price per square foot of Portola Springs condos, respectively.
To give more meaning to these numbers and graphs, I am listing some homes that are near the bottom, top, and middle of the price range for homes in the Portola Springs real estate market.
- Condo built in 2008
- Beds/Baths: 1/1.5
- HOA Dues: $305/month
- Mello Roos Tax: Yes
- Price: $324,888/$289 per square foot
The Zestimate for this home is $295,735. The Zestimate estimated mortgage is $1,081 per month.
- Single-family built in 2007
- Beds/Baths: 3/3.5
- HOA Dues: $139/month
- Mello Roos Tax: Yes
- Price: $1,559,000/$436 per square foot
The Zestimate for this home is $1,294,245. The Zestimate estimated mortgage is $5,624 per month.
- Single-family built in 2012
- Beds/Baths: 4/2.75
- HOA Dues: $259/month
- Mello Roos Tax: Yes
- Price: $625,920/$304 per square foot
The Zestimate for this home is $581,058. The Zestimate estimated mortgage is $2,158 per month.
Source: Redfin
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