Welcome to our monthly "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 72% from one year earlier and down 15% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just under 750-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 50% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just over 610-thousand dollars. Overall, The number of units sold Increased 29% year-over-year and Increased 68% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Irvine, CA
Area Information for Irvine, CA
Population:213,600
Median Age:35.49 yr
Median Commute Time:18.54 mins
Educational Climate*:5
Recycling Likelihood**:124
Sales Tax:5%
Population Density:3,222/sq mi
Population Change Since 2000:45%
Closest Airport:John Wayne Airport-orange County
Closest College:Concordia University
Closest Jr. College:Irvine Valley College
Median Household Income:$95,858
Annual Residential Turnover:32.85%
Median Years in Residence:2.17 yr
Median Home Sales Price:$530,000
Closest Major Sports Team:Los Angeles Angels Of Anaheim
Change Avg. Household Income Since 2000:31%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Irvine, CA
Median Age: 35.49Married: 40%Number of Households: 79,190Households with Children: 26,117
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)