According to Redfin, the median selling price in August for an Irvine home was $660K or $388 per square foot. (The list price was $700K or $415 per square foot.) Redfin also provides some statistics for home that sold in Irvine in the last ninety days:
• Median sale to list price: 98.8%
• Average number of offers: 2.3
• Average down payment: 21.0%
• Number of homes sold: 707
Today we will take a look at a few of the homes in Irvine that have asking prices in the most affordable category. I find it interesting that two of the three homes highlighted here have had recent price reductions.
• $199,900 ($482/SF)
• 1 beds/1 bath
• 415 SF
• Condo built in 1977
• Northwood Neighborhood
• HOA Dues: $210/month
• Mello Roos: No
• $200,000 ($421/SF)*
• 1 beds/1 bath
• 475 SF
• Condo built in 1977
• Northwood Neighborhood
• HOA Dues: $260/month
• Mello Roos: No
*Reduced on October 3 from $229,000
• $239,500 ($468/SF)*
• 1 beds/1 bath
• 512 SF
• Condo built in 1976
• Orange Tree Neighborhood
• HOA Dues: $330/month
• Mello Roos: No
*Reduced on September 6 from $250,000
Note: For a look some July 2013 numbers, see my previous post.