Irvine Home Value Price Increase of 11 Percent Per Year Average for Past 13 Years

Irvine Home Value Price Increase of 11 Percent Per Year Average for Past 13 Years

Irvine CA home selling prices and values have been up on average of 11 percent per year for the past 13 years since 2000.

Irvine home sold prices June 2013 The average Irvine CA home selling price for June 2013 was $770,266 – according to CRMLS multiple listing service, which is used by Realtors, brokers and real estate professionals.

Irvine’s market during June 2013 was dominated by the 228 standard equity sales – with only one sold REO and 12 sold short sales – for a total of 241 sales.

252 Irvine homes sold last year same time during June 2012 – so number of sales was down 4.5 percent this year.

Irvine home sold price was up Irvine CA home selling pricesaverage of 16.5 percent this June 2013 as compared with June 2012 – when average sold price was $661,056.

Irvine’s home selling market 13 years ago during June 2000 was healthy when 248 homes were sold and average selling price of $316,255.

Irvine home sold prices June 2000

So Irvine CA home sellers have enjoyed sold price increase total  $454,011 during the time from June 2000 to June 2013 – a total increase of 143.5 percent.

What this means is that Irvine CA home selling prices have gone up on average of about 11 percent per year during the past 13 years.

Irvine CA home sellers have done well during these years.

However, this is not any prediction for the future of Irvine home selling.

With hot selling during the first six months of 2013, Irvine now has more than twice as many listings of homes for sale, and buyer numbers are moderating.

Sellers at Irvine will continue to be happy when they are realistic in expectations and compare prices to last year 2012 or during the past 13 years.

 

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By Harrison K. Long.  Source of some information is CRMLS and is for homes sold by all brokers and agents.     

People ask us for more information about Irvine home selling prices, and we are here to help.

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About Harrison K. Long

Professional real estate representative, Realtor, GRI. Real estate broker associate, HomeSmart Evergreen Realty, Orange County, California - CALBRE #01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about homes and real estate - Orange County REALTORs, member and prior service on its board of directors. California Association of Realtors, member and now serving on its board of directors. National Association of Realtors member. Also an attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515.
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