My post from last week provided some stats on the Irvine housing market, for example, the percentage of the asking price that homes in Irvine sold for. That got me to wondering how these numbers compared to the numbers for other cities near Irvine. So that is what we will look at in today’s post. The following numbers are for the ninety days that precede July 28.
Any opinions on what the following numbers are telling us about this housing market?
| Area | Median List Price | Median Sale to List Price | Avg # of Offers | Avg Down Payment | # Homes Sold |
| Irvine |
$739,000/ $426 per SF
|
100.3% | 4.1 | 25.20% | 508 |
| Lake Forest |
$629,900/
$326 per SF |
100.6% | 5.3 | 22.40% | 209 |
| Tustin |
$632,450/
$360 per SF |
100.70% | 3.4 | 20.7% | 195 |
| Orange |
$644,700/
$339 per SF |
99.0% | 4.7 | 23.1% | 302 |
| Santa Ana |
$385,000/
$291 per SF |
100.50% | 2.1 | 10.00% | 490 |
| Costa Mesa |
$749,000/
$432 per SF |
99.3% | 1.4 | 17.1% | 204 |
| Newport Beach |
$2,649,950/
$992 per SF |
96.9% | 5.5 | 35.0% | 315 |
| Orange County |
$700,000/
$372 per SF |
99.6% | 4.1 | 25.9% | 6,619 |
| Source: Redfin |