Here is an updated list of the housing numbers for each of Irvine’s neighborhood. As they did last month, Northpark and Westpark had year-over-year decreases in the price per square foot in all but one month this year. However, Oakcreek had an increase in the price per square foot in August (Last month Oakcreek was similar to Northpark and Westpark in that it had year-over-year decreases in all but one month this year.). Woodbury is still notable for having mostly year-over-year decreases this year. Turtle Rock still has year-over-year increases in all but one month this year. Irvine’s other neighborhoods have various combinations of up and down fluctuations in the price per square.

Area	List Price/# Homes Listed	Sold Price/# Homes Sold	List Per SF	Sold Per SF	% Chg Y-O-Y Sold Price/SF
Airport/IBC
12-Aug	$520K/23	$431K/23	$382	$328	13.50%
12-Jul	$594K/27	$468K/18	$406	$312	1%
12-Jun	$511K/32	$328K/30	$380	$312	-3.40%
12-May	$459K/41	$514K/19	$356	$325	5.90%
12-Apr	$442K/48	$340K/25	$350	$304	-5.90%
12-Mar	$415K/45	$412K/16	$348	$346	11.60%
12-Feb	$392K/48	$330K/15	$337	$288	-11.70%
12-Jan	$374K/52	$327K/18	$332	$317	-17%
Columbus Grove	n/a
El Camino
12-Aug	$600K/21	$490/21	$359	$334	-7%
12-Jul	$624K/10	$455K/9	$408	$359	16.6%
12-Jun	$579K/24	$504K/13	$392	$327	16%
12-May	$555K/19	$435K/19	$365	$280	-17.20%
12-Apr	$572K/22	$458K/12	$329	$239	-22.10%
12-Mar	$546K/22	$468K/10	$329	$327	3.80%
12-Feb	$467K/26	$340K/5	$339	$281	-6.60%
12-Jan	$462K/28	$389K/6	$322	$267	-28.40%
Northpark
12-Aug	$809K/48	$488K/40	$333	$289	-2.70%
12-Jul	$844K/48	$540K/31	$348	$289	-10%
12-Jun	$774K/50	$460K/35	$351	$297	1.40%
12-May	$700K/59	$438K/35	$329	$278	-7.3%
12-Apr	$649K/51	$390K/29	$339	$283	-10.04
12-Mar	$674K/50	$465K/36	$341	$281	-8.80%
12-Feb	$459K/74	$415K/13	$301	$280	-9.40%
12-Jan	$465K/91	$412K/19	$290	$277	-20.90%
Northwood
12-Aug	$735K/51	$612K/38	$322	$317	7.10%
12-Jul	$727K/52	$650K/22	$323	$340	9%
12-Jun	$692K/62	$525K/27	$316	$295	-8.10%
12-May	$697K/52	$584K/32	$314	$267	-13%
12-Apr	$599K/59	$579K/30	$312	$310	5.10%
12-Mar	$519K/61	$518K/20	$316	$301	-1.60%
12-Feb	$504K/66	$292K/13	$300	$287	-7.10%
12-Jan	$489K/78	$518K/17	$286	$292	-7.60%
Oak Creek
12-Aug	$644K/16	$433K/16	$328	$327	-3.50%
12-Jul	$576K/12	$338K/12	$330	$288	-10.60%
12-Jun	$720K/19	$216K/10	$330	$216	-21.10%
12-May	$579K/17	$240K/8	$333	$281	-1.7%
12-Apr	$530K/19	$628K/14	$303	$315	5.90%
12-Mar	$425K/27	$284K/14	$309	$292	-1.40%
12-Feb	$487K/26	$267K/13	$317	$267	-15.80%
12-Jan	$350K/33	$249K/9	$308	$261	-20.40%
Orange Tree
12-Aug	$320K/3	$184K/2	$289	$214	-41.50%
12-Jul	$257K/2	$279K/4	$311	$265	-23%
12-Jun	$250K/3	$181K/6	$307	$251	-10%
12-May	$280K/3	$145K/2	$307	$261	6.1%
12-Apr	$278K/6	$165K/1	$256	$203	-31.90%
12-Mar	$245K/9	$189K/6	$253	$279	4.10%
12-Feb	$242K/6	$200K/6	$249	$230	-33.50%
12-Jan	$216K/12	$205K/5	$252	$249	-13.50%
Portola Springs
12-Aug	$640K/26	$571K/11	$324	$283	-5.40%
12-Jul	$639K/33	$631K/12	$325	$317	1%
12-Jun	$622K/31	$724K/8	$321	$308	-4%
12-May	$660K/23	$582K/13	$335	$284	-4.10%
12-Apr	$693K/30	$596K/11	$330	$299	-11%
12-Mar	$639K/25	$950K/5	$325	$320	11.90%
12-Feb	$641K/31	$510K/1	$317	$249	-12%
12-Jan	$623K/43	$570K/7	$321	$293	1.40%
Quail Hill
12-Aug	$630K/15	$600K/12	$392	$392	11.40%
12-Jul	$625K/13	$885K/8	$361	$389	21.60%
12-Jun	$647K/14	$586K/12	$373	$375	8.1%
12-May	$714K/18	$465K/13	$376	$347	-13.00%
12-Apr	$749K/17	$863K/6	$373	$374	7.50%
12-Mar	$500K/21	$505K/9	$360	$317	-3.10%
12-Feb	$515K/21	$470k/6	$364	$307	-10.80%
12-Jan	$560K/20	$512K/8	$324	$326	-13.30%
Rancho San Joaquin
12-Aug	$449K/4	$460K/3	$339	$307	-9.70%
12-Jul	$509K/3	$433K/2	$320	$269	-6.30%
12-Jun	n/a
12-May	$475K/5	$410K/2	$313	$306	-2%
12-Apr	n/a
12-Mar	$465K/5	$500K/2	$246	$296	n/a
12-Feb	$492K/6	$360K/1	$297	$336	n/a
12-Jan	n/a
Shady Canyon
12-Aug	$6,922K/26	$3,124K/4	$770	$561	-3.90%
12-Jul	$6,000K/27	$4,555K/3	$760	$586	15.40%
12-Jun	$5,998K/26	$3,700K/3	$761	$552	-10%
12-May	$6,000K/25	$4,019K/6	$705	$673	30.70%
12-Apr	$5,995K/23	$4,875K/4	$720	$512	-6.10%
12-Mar	$5,980K/21	$4,436K/4	$720	$657	28.80%
12-Feb	$5,995K/23	$3,200K/3	$725	$603	7.50%
12-Jan	$5,980K/23	$2,670K/5	$720	$534	24.20%
Turtle Ridge
12-Aug	$1,825K/21	$1,950K/9	$567	$504	22%
12-Jul	$1,848K/25	$1,440K/12	$571	$510	14.90%
12-Jun	$1,875K/27	$1,360K/11	$570	$467	4.70%
12-May	$1,749K/31	$1,044K/8	$545	$459	0.10%
12-Apr	$1,724K/28	na/8	$533	$421	5.20%
12-Mar	$1,899K/28	$1,500K/7	$550	$485	-8.30%
12-Feb	$1,899K/27	$955K/4	$527	$441	18.90%
12-Jan	$1,672K/32	$532K/4	$493	$355	-25.30%
Turtle Rock
12-Aug	$825K/27	$932K/14	$399	$465	14.80%
12-Jul	$837K/32	$975K/10	$421	$451	19.30%
12-Jun	$865K/37	$915K/20	$457	$446	3.20%
12-May	$939K/37	$730K/9	$454	$410	3.30%
12-Apr	$986K/43	$1,050K/5	$457	$461	10.30%
12-Mar	$967K/40	$690K/11	$448	$381	17.60%
12-Feb	$1,024K/38	$1,422K/4	$457	$559	14.30%
12-Jan	$974K/40	$545K/8	$458	$295	-14.20%
University Park
12-Aug	$631K/8	$520K/12	$359	$333	6.10%
12-Jul	$699K/7	$560K/5	$331	$312	-9%
12-Jun	$599K/12	$540K/10	$345	$333	6.40%
12-May	$602K/12	$539K/8	$346	$291	6.20%
12-Apr	$609K/11	$538K/7	$352	$272	-15%
12-Mar	$552K/14	$431K/6	$288	$305	-5.60%
12-Feb	$578K/14	$555K/4	$297	$286	9.60%
12-Jan	$595K/14	$420K/7	$289	$281	-10.80%
University Town Center
12-Aug	$355K/3	$411K/4	$399	$333	9.90%
12-Jul	$435K/10	$430K/6	$368	$316	-10%
12-Jun	$440K/7	$295K/2	$384	$322	17.10%
12-May	$440K/5	$450K/5	$371	$311	6.90%
12-Apr	$340K/3	$375K/5	$338	$326	6.90%
12-Mar	$455K/7	$478K/4	$298	$321	1.90%
12-Feb	$347K/6	$384K/1	$342	$265	-19.50%
12-Jan	$467K/10	$480K/1	$330	$315	n/a
Walnut
12-Aug	$630K/8	$575K/4	$330	$303	-1.30%
12-Jul	$626K/14	$528K/1	$330	$321	-4.20%
12-Jun	$659K/5	$540K/5	$307	$280	-9.40%
12-May	$628K/5	$595K/5	$309	$314	14.6%
12-Apr	$532K/3	$580K/5	$313	$306	-1%
12-Mar	$619K/5	$635K/3	$327	$300	3.40%
12-Feb	$600K/5	$509K/3	$316	$310	-9.40%
12-Jan	$600K/11	$596K/4	$298	$259	-12.80%
West Irvine	n/a
Westpark
12-Aug	$558K/12	$740K/5	$357	$345	6.20%
12-Jul	$615K/11	$480K/3	$329	$291	-20.30%
12-Jun	$823K/13	$670K/4	$360	$318	-10.40%

Date Sold	Address	Zip	Tract	Sold Price	Beds	Sq Ft
Columbus Grove
9/8/12	428 Silk Tree	92606	Savannah Neighbor Village	$360,000	2	1056
El Camino Real
9/7/12	4302 Vale St	92604	Greentree	$530,000	3	1448
9/10/12	8 Swallowtail	92604	Irvine Groves	$475,000	4	1897
Northpark
9/7/12	15 Stonegate	92602	Rutherford	$825,000	3	2000
9/7/12	1402 Terra Bella	92602	Terra Bella	$441,000	3	1614
9/11/12	58 Burlingame	92602	Brisbane	$455,000	2	1475
9/12/12	23 Vacaville	92602	Mendocino	$830,000	3	2300
9/12/12	18 Sunnyvale	92602	Saratoga	$980,000	4	2800
Northwood
9/6/12	103 Streamwood	92620	Irvine Springs	$224,900	2	808
9/7/12	21 New Dawn	92620	RoseGate	$1,225,000	4	3350
9/7/12	9 Longstreet	92620	Shadow Run	$668,000	4	1900
9/10/12	22 Shadowplay	92620	Other	$505,000	3	1562
9/12/12	11 Urbino	92620	Windstream	$888,000	4	2494
Oak Creek
9/6/12	7 Kelsey	92618	Kelsey Lane	$749,000	4	2100
9/7/12	1302 Elk Grove	92618	Oak Park	$272,000	1	900
9/10/12	2601 Cherrywood	92618	Oak Park	$400,000	3	1375
Portola Springs
9/11/12	51 Bell Chime	92618	Decada	$525,000	3	1437
Quail Hill
9/11/12	243 Terra Cotta	92603	Soltice	$745,000	3	2100
Turtle Ridge
9/6/12	56 Shady Ln	92603	Bontanica	$1,408,000	4	2778
9/7/12	33 Shady Ln	92603	Ledges	$1,500,000	4	3400
9/10/12	23 Trumpet Vine	92603	Bontanica	$2,600,000	5	4180
9/11/12	213 Danbrook	92603	Ashton Green	$457,000	2	1330
Turtle Rock
9/7/12	32 Golden Eagle	92603	Custom	$4,030,000	4	5700
University Park
9/6/12	16 Norton St	92612	Chancellor	$685,000	5	2300
9/6/12	9 Angell St	92612	Chancellor	$780,000	5	2800
9/7/12	1 Lassen	92612	Park Crest	$515,000	2	1540
9/10/12	118 Sequoia Tree Ln	92612	Garden Homes	$535,000	3	1708
Walnut
9/10/12	21 Georgia	92606	Revere	$694,000	5	2280
West Irvine
9/7/12	165 Church Pl	92602	Liberty	$621,000	4	1755
Westpark
9/7/12	104 Costero Aisle 290	92614	Tiempo	$292,000	2	1002
Woodbridge
9/7/12	9 Cedarlake	92614	Lakeside	$590,000	3	2038
9/7/12	86 Greenmoor 43	92614	Stonegate	$430,000	3	1368
9/11/12	21 Summerfield 71	92614	Seasons	$515,000	3	1471
Woodbury
9/7/12	168 Vintage	92620	Cachette	$655,000	4	2000
9/12/12	89 Canal	92620	Cortile	$465,000	2	1145

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3100.0.html

“In addition to expanding the Great Park’s current footprint by 15 percent, the construction of the South Lawn will generate more than 50 full-time equivalent construction jobs for the Orange County economy.

‘The Great Park is proud to move forward with latest phase of the Park, but also proud to contribute to the local economy,’ said Mike Ellzey, Chief Executive Officer, Orange County Great Park Corporation. ‘The development will substantially increase our active space at the Great Park and create badly-needed construction jobs, which will have an important positive economic impact in Orange County.’”—Orange County Great Park

In June, the Orange County Great Park announced the plans for the next building phase at the park. Allocated for this phase of development is $22.8 million of the $200 million in developer fees paid by Lennar in 2005. Beginning construction for this stage of the project was scheduled for July and is expected to take 12 to 18 months.

Here is a breakdown of the planned expansion features.

South Lawn

• Four tournament-quality soccer fields (two will be synthetic grass and lighted for evening use)
• Four full-size basketball courts
• A new restroom and operations facility building
• Jogging and exercise trail
• More than 400 tree plantings

Replace the Temporary Visitors Center with a Permanent Visitors Center Pavilion

• New 5,000-square-foot Visitors Center Pavilion (This will be the Great Park’s first new permanent building and will be located near the Great Park Balloon.)
• A larger lobby
• Restroom facilities
• Concession area
• Exhibition areas
• Office space

Walkable Historical Timeline (currently includes a 750-foot walk through history)

• Timeline expanded to 2,604 feet
• An additional 100 historical details
• Timeline will act as a natural connection between the existing Great Park Balloon and the South Lawn.

Water features

• Six new ponds (the first Great Park water features)
• A connection from one of the ponds to the Walkable Historical Timeline
• A viewing pier near the entrance to the Great Park

Community Garden (adjacent to the existing Farm + Food Lab)

• Ninety-nine plots including six Americans with Disability Act-compliant plots
• A community gathering area (consists of an open turf area with a large shade tree and picnic tables)

Storm Water Collection System: (state-of-the-art storm water management system designed to offset up to 40 percent of the South Lawn’s irrigation needs)

• Storm water captured, filtered, and stored in the new South Lawn ponds
• Storm water mixed with reclaimed water from the Irvine Ranch Water District

Infrastructure: (These construction features will enable future Great Park development.)

• Underground utilities
• Electrical equipment and lighting
• Drainage improvements, irrigation systems
• Asphalt and concrete
• Fencing and landscaping
• The foundational backbone for the future electronic security system

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3091.0.html

Date Sold	Address	Zip	Tract	Sold Price	Beds	Sq Ft
Airport Area
8/30/12	2446 Scholarship	92612	Avenue One	$310,000	2	850
8/31/12	1152 Scholarship	92612	Avenue One	$340,000	2	1037
8/31/12	3131 Michelson Dr 1405	92612	Marquee at Park Place	$725,000	2	1347
El Camino Real
8/30/12	5132 Greencap Ave	92604	El Camino Glen	$532,000	3	1482
8/30/12	15425 Eiffel Cir	92604	Ranch	$690,000	4	2011
8/31/12	7 Elfin	92604	Irvine Groves	$475,000	4	1897
9/4/12	24 Snapdragon 14	92604	Deerfield Townhomes	$375,000	3	1561
9/5/12	110 Kazan St 1	92604	Walnut Square	$285,000	2	1046
Northpark
8/31/12	33 Monrovia	92602	Miramar	$1,130,000	5	3100
Northwood
8/30/12	33 Lee	92620	Greenfield	$686,400	3	2211
8/30/12	60 Essex Ln	92620	Carlyle at Lanes End	$630,000	3	1900
8/30/12	9 CANYON SAGE	92620	Tremaine	$801,000	4	2158
8/31/12	30 BAMBOO	92620	Camellia	$820,000	4	2315
8/31/12	6 Monticello	92620	Camden Corners	$645,000	4	2520
8/31/12	14 Pleasonton	92620	Fieldstone Classics	$495,000	3	1350
8/31/12	935 Somerville	92620	Greystone Villas	$427,000	2	1300
9/3/12	24 Ericson Aisle	92620	Northwood Villas	$365,000	2	1279
Oak Creek
8/30/12	42 Daisy	92618	Montilla	$466,000	3	1525
8/30/12	63 Wellington	92618	Kelsey Lane	$727,500	4	2100
Orangetree
8/31/12	186 Tangelo 414	92618	Lake Condos	$160,000	1	662
Portola Springs
9/5/12	54 Gray Dove	92618	Las Colinas	$986,000	4	2741
Stonegate East
8/31/12	1001 Elmhurst	92618	Capistrano	$400,000	3	1360
Turtle Ridge
8/30/12	47 Shady Ln	92603	Bontanica	$2,200,000	6	4071
8/31/12	23 Gardenpath	92603	Arborel	$860,000	3	1665
9/2/12	37 Woods Trl	92603	Arezzo	$2,250,000	4	3480
9/4/12	29 VILLAGE WAY	92603	Amberhill	$2,351,000	5	4333
Turtle Rock
8/30/12	20 Vernal Spg	92603	Sycamore	$2,400,000	3	4097
8/31/12	4 Flintridge	92603	Highlands Lusk	$1,430,000	5	3142
9/5/12	12 La Quinta	92612	Pointe – Turtle Rock	$740,000	3	2104
University Park
8/30/12	71 Oak Tree Ln	92612	Park II (In Village Park)	$540,000	2	1500
9/4/12	5 Holly St	92612	Parkside – Deane	$687,000	3	2456
University Town Center
8/30/12	35 Lehigh Aisle	92612	Oxford Court	$488,000	2	1682
9/4/12	96 Stanford Ct 48	92612	Princeton Townhomes	$425,000	2	1200
9/4/12	75 Exeter 33	92612	Columbia Square	$428,000	2	1344
Walnut
8/31/12	14221 Wyeth Ave	92606	Colony 1	$610,000	4	2268
West Irvine
8/31/12	19 Moonstone	92606	Mandeville	$379,000	3	1500
Woodbridge
8/31/12	125 Greenmoor 54	92614	Laurels	$325,000	2	1080
8/31/12	3 Seadrift 78	92604	Cove	$660,000	3	2287
9/1/12	49 E Yale Loop 26	92604	Jefferson	$550,000	2	1500
9/4/12	61 Greenfield 68	92614	Alders	$302,000	2	1060
9/4/12	7 Bluebird	92604	Creekside	$645,000	4	1888
9/5/12	49 Sparrowhawk	92604	Patio Homes (WB)	$540,000	4	1662
9/5/12	14 Partridge	92604	Patio Homes (WB)	$800,000	4	2200
Woodbury
8/31/12	175 Intrigue	92620	Stonetree	$605,000	4	2104

Discuss on Talk Irvine.

Do you want to buy a home in Irvine but aren’t ready to make the deal? If the answer is yes and you are also willing to rent from The Irvine Company (TIC) in the meantime, TIC has a proposal for you: The Irvine Company’s “Renter Equity Program” allows qualified Irvine Company rental residents to accrue up to 10% of their monthly rent toward the purchase of select homes in the following Irvine Pacific neighborhoods:

Laguna Altura

Stonegate

San Marino in Woodbury

Here are more details on the program:

• Eligible TIC renters are automatically enrolled in the company’s “Renter Equity Program.”
• During the first year of renting, eligible participants accrue 5% of the monthly rent.
• During the second year of renting, the credit accrual rates increases to 7% of the monthly rent.
• During the third year, the credit accrual rates increase to 10% of the monthly rent.
• The maximum amount of rent equity that can be accrued is $5,000.

So what do you think? Is this a good strategy for buying a home in Irvine? Is it enough to make you choose an Irvine Company rental while you are looking for a home to buy?

Discuss on Talk Irvine.