Irvine CA continues to lead the pack at Orange County CA for home sales. Irvine is a robust city with jobs, a healthy economy, and receives annual awards for being one of the safest cities in America.
Irvine has about 230,000 residents – and 80,000 homes and private residential properties.
Irvine is one of the most sought-after areas for residential living and investment in Southern California.
Home owners and sellers get lots of attention and have high expectations and confidence in Irvine property values.
690 Irvine homes are now listed for sale with the CRMLS multiple listing service (which is more than a 30 percent increase from six months ago). Average listing price at Irvine is now at $1,163,000.
303 Irvine CA homes are now under purchase contracts with buyers – in backup and pending status on the multiple listing service – and these have average asking prices at $859,000.
274 Irvine homes have sold with closed deals during the past 30 days (from July 24 to August 24)– and average sold price for these homes was $854,000.
Average time on market from listing to sale of homes at Irvine is now less than 3 months (that time it would theoretically take to sell all Irvine homes on the market at current pace of sales) – so it’s still a seller’s market.
People seek out Irvine, because of its award-winning schools, excellent geography, biking and hiking trails, good jobs available, and that it has some of best weather anywhere.
By Harrison K. Long. Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents. We provide professional REALTOR® and broker representation and help for property owners, buyers and investors – for their best decisions about homes and real estate. Contact us to find out more about Irvine homes and real estate.
“Irvine CA Home Selling Market Update – August 24, 2015”