According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market was 37.80 on January 31, 2014. That is basically what Irvine’s MAI for single-family homes was last month about this time when the MAI was 36.93 MAI. As defined by Altos, this puts the Irvine single-family housing market in the seller’s market category. (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 100 days as of January 31, 2014.
Following is Irvine’s 2014 housing market data 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
|
|
|
|
|
|
14-Jan
|
$1,082K/170
|
$832/62
|
$461
|
$429
|
22.2%
|
|
|
|
|
|
|
Condos
|
|
|
|
|
|
14-Jan
|
$603K/226
|
$626K/58
|
$406
|
$392
|
20.6%
|
|
|
|
|
|
|
All
|
|
|
|
|
|
14-Jan
|
$412/422
|
$688/130
|
$422
|
$412
|
23.4%
|