Today we’ll take a look at Irvine’s Northwood neighborhood. First, the numbers:
Northwood—July 2012:
|
Area
|
List Price/ # Homes Listed
|
Sold Price/ #Homes Sold
|
Median List/SF
|
Median Sold/SF
|
% Chg Y-O-Y Sold Price/SF
|
|
Houses
|
$820K/34
|
$730K/18
|
$343
|
$343
|
7.5%
|
|
Condos
|
$232K/18
|
$396K/2
|
$276
|
$324
|
19.1%
|
|
All Northwood
|
$727K/52
|
$650K/22
|
$323
|
$340
|
9%
|
|
All Irvine
|
$744K/408
|
$545K/211
|
$363
|
$322
|
-0.3%
|
The following graphs show the change in the number of Northwood homes on the market, the price per square foot of Northwood houses, and the price per square foot of Northwood 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 Northwood real estate market.
Note: This home is one of the least expensive homes in Northwood that is not “sale pending” or a manufactured home.
Condo built in 1977
• Beds/Baths: 1/1
• HOA Dues: $250/month
• Mello Roos Tax: No
• Price: $210,000/$289 per square foot
Note: This home is located near Hicks Canyon Trail.
• Single-family built in 1999
• Beds/Baths: 5/5.5
• HOA Dues: $40/month and $110/month
• Mello Roos Tax: Yes
• Price: $2,499,999/$521 per square foot
Note: This home is “sale pending, back up offers accepted”.
• Single-family built in 1977
• Beds/Baths: 3/2
• HOA Dues: Yes, but amount is not listed.
• Mello Roos Tax: No
• Price: $664,800/$353 per square foot
Source: Redfin
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