According to Altos Research, it’s up, up, and away for the Irvine’s single-family housing market. The Altos Market Action Index for Irvine’s single-family homes is 33.10, which Altos defines as a seller’s market. (Above 30 is defined as a seller’s market; below is defined as a buyer’s market.) Altos also states that the average single-family home in Irvine has been on the market for about 133 days as of February 9, 2013.
Altos Market Action Index for Single-family Homes in Irvine
Following is Irvine’s housing market data provided by Redfin on February 17, 2013.
Type | # Homes Listed | # Homes Sold | List Per SF | Sold Per SF |
Feb-13 | ||||
Houses | 109 | 272 | $415 | $354 |
Condos | 100 | 301 | $369 | $325 |
All | 209 | 573 | $389 | $334 |
Jan-13 | ||||
Houses | 113 | 274 | $409 | $357 |
Condos | 106 | 324 | $377 | $327 |
All | 219 | 598 | $389 | $338 |