Irvine CA Real Estate Market Update – February 4, 2015
Irvine CA is the economy engine driver at Orange County – has a population of about 230,000 people and is still growing. People are especially attracted to Irvine, because of its positive economy and jobs, famous and award-winning schools, that it is one of the safest cities in America, that it is close in proximity to UC Irvine, and has some of the best weather anywhere.
421 Irvine homes are now listed for sale – as of February 4, 2015 – with average list price of $1,241,152.
- 162 Irvine homes sold with closed deals last month during January 2015 – with average sold prices of $790,562 – and 88 average days on the market.
- 115 Irvine homes sold with closed deals last year during January 2014 – with average sold prices of $757,842.
- So 40 percent more Irvine homes sold this year during January 2015 as compared with number of sales last year January 2014.
Irvine home selling is more balanced these days with little or no advantage for either buyer or seller sides.
Irvine home sellers who are serious look carefully at “fair market value” – amount that other homes in the neighborhoods have actually sold for. Buyers have more negotiating power and better choices now as compared with during the past two years.
More homes are sold and money spent to buy Irvine real estate as compared with any other city in the OC.