The Altos Market Action Index (MAI) for Irvine’s single-family homes is still climbing. When I checked in about a month ago, the MAI was 41.16. On April 19, the Altos MAI rose to 44.36. So the Irvine single-family housing market still climbs farther into what 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 113 days as of April 19, 2013.
Altos Market Action Index for Single-family Homes in Irvine
Following is an update for the Irvine housing market as provided by Redfin.
Type | List Price/# Homes Listed | Sold Price/# Homes Sold | List Per SF | Sold Per SF | % Chg Y-O-Y Sold Price/SF |
Houses | |||||
13-Mar | $1,089K/94 | $820K/141 | $449 | $382 | 14% |
13-Feb | na/109 | na/272 | $415 | $354 | n/a |
13-Jan | na/113 | na/274 | $409 | $357 | n/a |
Condos | |||||
13-Mar | $618K/105 | $460K/140 | $378 | $348 | 16% |
13-Feb | na/100 | na/301 | $369 | $325 | n.a |
13-Jan | na/106 | na/324 | $377 | $327 | n/a |
All | |||||
13-Mar | $750K/206 | $616K/288 | $404 | $368 | 16.10% |
13-Feb | na/209 | na/573 | $389 | $334 | n/a |
13-Jan | na/219 | na/598 | $389 | $338 | n/a |