According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market is 45.84. So as defined by Altos, the Irvine single-family housing market is, as it has been most of this year, 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 91 days as of May31, 2013.
Following is Irvine’s May 2013 housing market data 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-May | $1,030/167 | $890/113 | $457 | $411 | 21.60% |
13-Apr | n/a | n/a | n/a | n/a | n/a |
13-Mar | $1,020K/101 | $904K/62 | $443 | $381 | 13.40% |
13-Feb | na/109 | na/272 | $415 | $354 | n/a |
13-Jan | na/113 | na/274 | $409 | $357 | n/a |
Condos | |||||
13-May | $599K/177 | $539K/144 | $406 | $386 | 30.40% |
13-Apr | n/a | n/a | n/a | n/a | n/a |
13-Mar | $570K/111 | $476K/88 | $375 | $344 | 21.60% |
13-Feb | na/100 | na/301 | $369 | $325 | n/a |
13-Jan | na/106 | na/324 | $377 | $327 | n/a |
All | |||||
13-May | $750K/371 | $659K/274 | $416 | $393 | 26.80% |
13-Apr | n/a | n/a | n/a | n/a | n/a |
13-Mar | $703K/219 | $588K/151 | $392 | $359 | 18.90% |
13-Feb | na/209 | na/573 | $389 | $334 | n/a |
13-Jan | na/219 | na/598 | $389 | $338 | n/a |