Real Estate Market Update for Irvine, CA

Video: Real Estate Community Tour for Irvine, CA

See Real estate community tour for Irvine, CA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 24% from one year earlier, and down 2% 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 850-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 3%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 710-thousand dollars. The number of units sold increased 8% year-over-year, and decreased 2% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
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Map Information for Irvine, CA
Area Information for Irvine, CA
  • Population: 216,417
  • Median Age: 33.52 yr
  • Median Commute Time: 18.54 mins
  • Educational Climate*: 5
  • Sales Tax: 8%
  • Population Density: 3,274/sq mi
  • Population Change Since 2000: 47.4%
  • Closest Airport: John Wayne Airport-orange County
  • Closest College: Concordia University
  • Closest Jr. College: Irvine Valley College
  • Median Household Income: $92,445
  • Annual Residential Turnover: 32.81%
  • Median Years in Residence: 2.17 yr
  • Median Home Sales Price: $555,000
  • Closest Major Sports Team: Angels
  • Change Avg. Household Income Since 2000: 27%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Irvine, CA
Median Age: 33.52 Married: 32% Number of Households: 79,827 Households with Children: 26,626
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Irvine, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Greentree Elementary 0.5 mi Public K-6 4-5 4
      Childtime Learning Center 0.6 mi Private PRESCHOOL-K 0 0
      Early Childhood Learning Center 0.7 mi Public PRESCHOOL-PRESCHOOL 0 0
      Dream Land Preschool 0.7 mi Private PRESCHOOL-K 0 0
      Irvine High School 0.7 mi Public 9-12 5 4
      Kindercare Learning Center Bear Paw 0.7 mi Private PRESCHOOL-K 0 0
      Lakeside Middle School 0.8 mi Public 7-8 5 4
      New Horizon Elementary School Irvine 1.0 mi Private PRESCHOOL-6 0 5
      St Michael The Archangel Academy 1.0 mi Catholic K-12 0 0
      Eastshore Elementary 1.0 mi Public K-6 4-5 4
      Stone Creek Elementary 1.0 mi Public K-6 5 5
      College Park Elementary 1.1 mi Public K-6 4-5 4
      Kindercare Learning Center #1763 Westpark 1.2 mi Private PRESCHOOL-K 0 0
      Mardan School Of Educational Therapy 1.2 mi Private K-12 0 3
      Northwood Elementary 1.2 mi Public K-6 5 4
      Venado Middle School 1.2 mi Public 7-8 5 3
      Deerfield Elementary 1.2 mi Public K-6 5 4
      Brywood Elementary 1.3 mi Public K-6 4-5 4
      Jeffrey Trail Middle School 1.3 mi Public 7-8 0 5
      Plaza Vista School 1.4 mi Public K-8 5 5
      Irvine Adult 1.5 mi Public - 0 0
      Jenny Hart Early Education Center 1.6 mi Private PRESCHOOL-K 0 5
      Woodbridge High School 1.6 mi Public 9-12 4-5 4
      Springbrook Elementary 1.7 mi Public K-6 4-5 4
      Woodbury Elementary School 1.8 mi Public K-6 4-5 4
      Woodbury Cdc 1.8 mi Private K-6 0 0
      Meadow Park Elementary 1.8 mi Public K-6 5 5
      Arnold O Beckman High School 1.9 mi Public 9-12 4-5 4
      Portola Springs Elementary 1.9 mi Public K-6 0 0
      Oak Creek Elementary 1.9 mi Public K-6 4-5 4
      Sierra Vista Middle School 1.9 mi Public 7-8 5 4
      Tutor Time Learning Center 1.9 mi Private PRESCHOOL-K 0 0
      Cypress Village Elementary 1.9 mi Public K-6 0 0
      San Joaquin High (alt.) 2.0 mi Public K-12 0 4
      Irvine Adult Transition Programs 2.0 mi Public 12-12 0 0
      Creekside High School 2.0 mi Public 9-12 0 3
      Culverdale Elementary 2.1 mi Public K-6 3 4
      South Lake Middle School 2.2 mi Public 7-8 5 4
      Santiago Hills Elementary 2.3 mi Public K-6 5 4
      Tutor Time Child Care/learning Center 2.4 mi Private PRESCHOOL-K 0 1
      Rancho San Joaquin Middle School 2.5 mi Public 7-8 5 4
      Hicks Canyon Elementary 2.5 mi Public PRESCHOOL-4 5 5
      Westpark Montessori School Of Irvine 2.5 mi Private K-K 0 3
      Stonegate Elementary School 2.6 mi Public K-6 5 5
      Westpark Elementary 2.7 mi Public K-6 5 4
      Alderwood (elementary) School 2.8 mi Public K-6 5 4
      Crean Lutheran High School 2.9 mi Private 9-12 0 4
      University Park Elementary 2.9 mi Public K-6 4 3
      Village Montessori Of Irvine 3.0 mi Private PRESCHOOL-3 0 3
      Canyon View Elementary 3.0 mi Public PRESCHOOL-6 5 4
      Northwood Montessori Of Irvine 3.0 mi Private K-1 0 4
      The Farm School 3.1 mi Private - 0 0
      Kindercare Learning Centers 3.2 mi Private PRESCHOOL-PRESCHOOL 0 0
      Northwood High School 3.2 mi Public 9-12 5 4
      Irvine Montessori School 3.4 mi Private K-1 0 0
      Turtle Rock Kindergarten And Academy 3.5 mi Private PRESCHOOL-K 0 4
      University High School 3.7 mi Public 9-12 5 4
      Turtle Rock Elementary 3.7 mi Public K-6 5 4
      Bonita Canyon Elementary 4.3 mi Public K-6 5 5
      University Montessori Of Irvine 4.7 mi Private PRESCHOOL-1 0 3
      Tarbut V'torah Community Day 4.8 mi Private K-12 0 5
      Vista Verde Elementary 4.9 mi Public K-8 5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Irvine, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.