Here is an updated list of the housing numbers for each of Irvine’s neighborhood. Of note, Northpark, Westpark, and Oakcreek had year-over-year decreases in the price per square foot in all but one month this year. Woodbury is also notable for having mostly year-over-year decreases this year. On the other hand, Turtle Rock had year-over-year increases in all but one month this year. Irvine’s other neighborhoods had 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-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-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-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-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-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-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-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-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-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-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-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	0.101
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-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-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-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-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-Jul	$615K/11	$480K/3	$329	$291	-20.30%
12-Jun	$823K/13	$670K/4	$360	$318	-10.40%
12-May	$628K/5	$595K/5	$309	$314	14.60%
12-Apr	$624K/14	$651K/8	$360	$304	-10.30%
12-Mar	$565K/17	$615K/10	$319	$331	-2.50%
12-Feb	$649K/21	$506K/6	$319	$361	21.50%
12-Jan	$552K/20	$695K/2	$331	$356	-11.20%
Woodbridge
12-Jul	$625K/37	$500K/33	$350	$318	3.20%
12-Jun	$570K/39	$508K/36	$357	$340	8.60%
12-May	$586K/50	$430K/25	$350	$307	-6.40%
12-Apr	$554K/68	$422K/29	$347	$289	-8%
12-Mar	$494K/68	$345K/31	$339	$283	-9.30%
12-Feb	$459K/83	$399K/23	$328	$312	-4.90%
12-Jan	$435K/93	$402K/15	$317	$273	-6.20%
Woodbury
12-Jul	$845K/25	$452K/9	$353	$295	3.50%
12-Jun	$823K/30	$470K/15	$359	$316	-5.40%
12-May	$872K/24	$650K/11	$363	$310	-3.40%
12-Apr	$784K/30	$475K/14	$357	$291	-9.30%
12-Mar	$680K/35	$678K/21	$334	$289	0%
12-Feb	$650K/33	$419K/8	$330	$298	-4.70%
12-Jan	$611K/44	$460K/8	$314	$292	-16.80%

Date Sold	Address	Zip	Tract	Sold Price	Beds	Sq Ft
Airport Area
8/3/12	3421 Watermarke	92612	Watermarke	$400,000	2	1250
8/6/12	3131 Michelson Dr 1405	92612	Marquee at Park Place	$399,000	2	1347
8/7/12	3365 Watermarke Pl	92612	Watermarke	$431,000	2	1482
El Camino Real
8/3/12	5062 Dutcher Ave	92604	El Camino Glen	$490,000	3	1620
Northpark
8/2/12	42 Idyllwild 55	92602	Monticello	$420,000	2	1500
8/2/12	7 Malibu	92602	Brentwood	$1,098,800	4	3029
8/3/12	1002 Terra Bella	92602	Terra Bella	$435,000	3	1614
8/8/12	8 Evensen 18	92602	Bella Rosa	$560,000	3	1858
Northwood
8/7/12	294 Monroe 107	92620	Timberline	$419,500	3	1360
8/7/12	44 Monticello	92620	Peppermill Run	$778,000	3	2405
8/7/12	1 Shelby	92620	Courtside	$635,000	3	1841
8/7/12	31 Lindberg	92620	Shady Hollow	$483,000	2	1471
8/8/12	13742 Onkayha Cir	92620	Racquet Club	$649,800	5	2600
8/8/12	13 Whitney	92620	0	$635,000	3	2100
Oak Creek
8/3/12	3406 Orangewood	92618	Oak Park	$340,000	2	1031
8/3/12	104 Danbury Ln	92618	Cobblestone	$530,000	3	1500
8/8/12	27 Sonata St	92618	Aldea	$535,000	3	1550
Portola Springs
8/2/12	39 Silverado	92618	San Carlos COURT	$345,000	1	1220
8/6/12	54 Land Grant	92618	Other	$695,000	3	2044
8/8/12	48 Cactus Bloom	92618	Primrose	$601,603	3	1873
Quail Hill
8/2/12	135 Stepping Stone	92603	Casalon	$530,000	3	1749
8/8/12	76 Duet	92603	Sage	$449,000	2	1145
Stonegate East
8/7/12	25 Wheatberry	92618	Los Altos	$535,000	3	1708
Turtle Ridge
8/6/12	27 Climbing Vine	92603	Fiore	$1,650,000	5	3300
Turtle Rock
8/3/12	18762 Via San Marco	92603	Hills President	$1,000,000	4	1925
8/3/12	54 Golden Eagle	92603	Shady Canyon Custom	$5,300,000	6	6700
8/3/12	21 Vernal	92603	Sycamore	$2,800,000	6	5227
8/6/12	37 ROCKY KNOLL	92612	Vista (Turtle Rock)	$740,000	4	2417
8/7/12	19431 SIERRA RATON	92603	Broadmoor	$1,182,000	5	2650
8/7/12	5 Sunshine 37	92603	Ridge Townhomes Bren	$490,000	2	1412
University Park
8/6/12	4555 Green Tree Ln	92612	Village III (Village Park)	$462,000	3	1215
West Irvine
8/7/12	58 Copper Leaf	92602	Glen Willows	$616,000	3	1700
Westpark
8/6/12	12 Avanzare	92606	Trovata	$630,000	3	1890
Woodbridge
8/2/12	96 GREENMOOR	92614	Stonegate	$325,000	2	1142
8/3/12	8 Lakeside 34	92604	Crossing	$412,500	2	1477
8/7/12	6 Windsong	92614	Willow Creek (WB)	$475,000	2	1241
8/7/12	97 SUMMERSTONE	92614	Summerfield	$705,000	4	1900
8/7/12	22 Tanglewood Dr	92604	Park Homes	$585,000	3	1850
Woodbury
8/2/12	220 Vintage	92620	Rosemoor	$980,000	5	2850

Discuss below or on Talk Irvine.

According to an article in The Orange County Register, Irvine has a higher total assessed real estate value (this includes commercial and residential) than any other O.C. city. Newport Beach and Anaheim follow right behind with $40.2 billion and $35.9 billion, respectively.

However, when it comes to the city with the biggest gain in total assessed value over the previous year, a different story exists. With a year-over-year increase of 4.8%, Huntington Beach gets the top spot. And with a year-over-year gain of 3.6%, Newport Beach also surpasses Irvine in this category.

Orange County had a 2.1% year-over-year increase in combined assessed property value. And 33 of Orange County’s 34 cities had gains in taxable value. But it’s not all good news: “[T]he market continued to be a mixed bag last year, with more real estate parcels having value drops last year than increases, the assessor’s office said.” Of the 340,000 real estate parcel appraised by the assessor’s office, 101,000 had reduced taxable values, and 82,000 had increased values. New construction and property sales at increased prices are the reasons that the assessor sees as the root of increased property taxes.

Irvine has had increased construction. And when it comes to residential real estate, Redfin stats show that the overall median selling price of Irvine homes in June 2012 is down 7.8% from the previous year. But Irvine’s median sold price per square foot for the same period is up 1.2%. However, the assessor’s numbers are comparing 2011 numbers to 2010 numbers. Redfin’s numbers are comparing 2012 numbers to 2011 numbers.

So what do you think? Is Orange County limping along to an improved economy? And when it comes to the highest total assessed property values, what are the factors that give Irvine the top spot over cities like Newport Beach and Anaheim? And the last question: What factors are contributing to Huntington Beach and Anaheim’s higher percentage gains?

Note:

Here is more food for thought to consider when deciding what is going on with our economy: On a Marketplace report, Nigel Gault, chief U.S. economist at IHS Global Insight, stated that we are now back to making the same amount of goods that we made before the recession. However, 5 million less American’s are making that stuff. The reason given was an increase in productivity technology.

But a counter reason was also given. Gary Burtless of the Brookings Institute stated that we were overbuilding in our recent past, and these construction jobs are not coming back. “At the moment, our shortfall is not a technology-driven, productivity-driven phenomenon. It is a shortfall in the demand for what American workers can produce.” If either of these is true, where will the new jobs come from?

Date Sold	Address	Zip	Tract	Sold Price	Beds	Sq Ft
Airport Area
7/26/12	21 Gramercy	92612	Belvedere	$594,000	2	1775
8/1/12	2253 Martin 113	92612	Metropolitan	$360,000	2	1297
8/1/12	2305 Scholarship	92612	Avenue One	$326,700	2	1037
El Camino Real
7/26/12	4 Butterfield 2	92604	Deerfield Townhomes	$390,000	3	1250
7/30/12	4796 Winvale Ave	92604	El Camino Glen	$635,000	4	2272
7/31/12	15332 Montpellier Ave	92604	Custom	$1,100,000	5	3700
8/1/12	27 Snowberry	92604	Deerfield Townhomes	$335,900	2	1150
Northpark
7/27/12	1 Olinda	92602	Sonoma	$848,000	4	2268
7/31/12	15 Montelena	92602	Tiburon	$545,000	3	1601
7/31/12	16 Ellistone 43	92602	Vintners Reserve	$600,000	3	1950
8/1/12	170 Hayward	92602	unknown	$420,000	3	1588
Northwood
7/26/12	803 yorkshire	92620	Greystone Villas	$425,000	2	1260
7/26/12	6 Mccormick	92620	other	$645,000	4	2077
7/27/12	46 Secret Gdn	92620	Camellia	$837,000	4	2315
7/30/12	15 Urbino	92620	Windstream	$830,000	4	3268
7/30/12	4132 Williwaw Dr	92620	Racquet Club	$600,000	4	2472
Oak Creek
7/30/12	7 Henna	92618	Kenwood	$952,000	5	3200
7/27/12	84 Orange Blossom	92618	Lake Condos	$234,900	2	928
Orangetree
7/27/12	221 Tarocco	92618	Orchard Glen OT	$275,000	2	1000
Portola Springs
7/26/12	48 Cactus Bloom	92618	Primrose	$586,990	3	1873
Quail Hill
7/27/12	43 Windchime	92603	Sage	$585,000	4	1500
7/30/12	36 Windchime	92603	Sage	$390,000	2	1031
8/1/12	111 Lattice	92603	Olivos	$1,039,000	4	2310
Turtle Ridge
7/26/12	127 DANBROOK	92603	Ashton Green	$425,000	2	1400
Turtle Rock
7/26/12	8 El Paseo	92612	Pointe – Turtle Rock	$785,000	3	2104
7/30/12	19 Centaurus	92603	Crest – Akins	$980,000	3	2630
7/30/12	29 Charity	92612	Concordia	$1,300,000	4	2910
7/30/12	18711 Paseo Cortez	92603	Campus View	$656,000	3	1419
7/31/12	38 Vernal Spg	92603	Sycamore	$2,675,000	4	4820
Walnut
7/28/12	3762 Blackthorn St	92606	College Park	$528,500	4	1640
West Irvine
7/27/12	31 Halifax Pl	92602	Liberty	$565,000	4	1755
7/30/12	57 Ardmore	92602	Sheridan Place	$550,000	3	1900
7/30/12	31 Ardmore	92602	Sheridan Place	$517,500	3	1650
8/1/12	17 National Pl	92602	Traditions	$819,000	5	2830
Westpark
7/26/12	1305 Solvay Aisle	92606	Brio	$265,000	1	785
Woodbridge
7/27/12	36 Claret 35	92614	Chateaux	$310,000	2	1146
7/27/12	15 Waterside	92614	Landing I	$945,000	4	2366
7/27/12	69 Lakeview 6	92604	Arborlake	$600,000	3	2042
7/27/12	135 Rockwood 5	92614	Somerset	$340,000	2	1098
7/27/12	7 Ironwood	92604	Creekside	$745,000	4	2044
7/27/12	366 E Yale Loop 12	92614	Garden Estates	$510,000	3	2100
7/27/12	34 Silkberry	92614	Briarglen	$712,500	4	1900
7/30/12	52 Summerfield	92614	Seasons	$499,000	3	1471
7/31/12	30 E Yale Loop 21	92604	Estates	$500,000	3	1886
7/31/12	5 Woodgrove 10	92604	Grove	$625,000	3	1840
7/31/12	41 Spinnaker	92614	Seaport	$479,988	2	1087
8/1/12	643 Springbrook 20	92614	Laurels	$388,000	2	1171
8/1/12	6 Cedarspring	92604	Gables	$774,000	4	2314
Woodbury
7/26/12	118 Chantilly	92620	Garland Park	$455,000	3	1737
7/26/12	127 Chantilly	92620	Garland Park	$410,000	2	1367
7/27/12	35 Regal	92620	Lombard Court	$274,000	1	1135
Woodbury East
7/27/12	20 Strata	92618	Ivy	$480,000	3	1500

Discuss below or on Talk Irvine.

Today we’ll take a look at Irvine’s Portola Springs neighborhood. First, the numbers:

Portola Springs—June 2012:

Area	List Price/ # Homes Listed	Sold Price/ #Homes Sold	Median List/ SF	Median Sold/ SF	% Chg Y-O-Y Sold Price/SF
Houses	$949K/15	$862K/6	$349	$323	1.6%
Condos	$464K/16	$568K/2	$291	$277	4.9%
All Portola Springs	$622K/31	$724K/8	$321	$308	-4%
All Irvine	$650K/575	$502K/266	$349	$305	-4.70%

The following graphs show the change in the number of Portola Springs homes on the market, the price per square foot of Portola Springs houses, and the price per square foot of Portola Springs condos, respectively.

To give more meaning to these numbers and graphs, I am listing some homes that are near the bottom, top, and middle of the price range for homes in the Portola Springs real estate market.

36 Cienega

• Condo built in 2008
• Beds/Baths: 1/1.5
• HOA Dues: $305/month
• Mello Roos Tax: Yes
• Price: $324,888/$289 per square foot

The Zestimate for this home is $295,735. The Zestimate estimated mortgage is $1,081 per month.

36 Prairie

• Single-family built in 2007
• Beds/Baths: 3/3.5
• HOA Dues: $139/month
• Mello Roos Tax: Yes
• Price: $1,559,000/$436 per square foot

The Zestimate for this home is $1,294,245. The Zestimate estimated mortgage is $5,624 per month.

170 Pathway

• Single-family built in 2012
• Beds/Baths: 4/2.75
• HOA Dues: $259/month
• Mello Roos Tax: Yes
• Price: $625,920/$304 per square foot

The Zestimate for this home is $581,058. The Zestimate estimated mortgage is $2,158 per month.

Source: Redfin

Discuss below or on Talk Irvine.