Real Estate Market Update for Irvine, CA
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to August's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was up 6% from one year earlier, and down 10% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 800-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 23%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 690-thousand dollars. The number of units sold decreased 4% year-over-year, and increased 18% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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: 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 School 0.5 mi Public K-6 4-5 4
      Early Childhood Learning Center 0.7 mi Public PRESCHOOL-PRESCHOOL 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 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 School 1.0 mi Public K-6 4-5 4
      Stone Creek Elementary School 1.0 mi Public K-6 5 5
      College Park Elementary School 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 School 1.2 mi Public K-6 5 4
      Venado Middle School 1.2 mi Public 7-8 5 3
      Deerfield Elementary School 1.2 mi Public K-6 5 4
      Brywood Elementary School 1.3 mi Public K-6 4-5 4
      Plaza Vista School 1.4 mi Public K-8 5 5
      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 School 1.7 mi Public K-6 4-5 4
      Woodbury Elementary School 1.8 mi Public K-6 4-5 4
      Meadow Park School 1.8 mi Public K-6 5 5
      Arnold O. Beckman High School 1.9 mi Public 9-12 4-5 4
      Oak Creek Elementary School 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
      Irvine Adult Transition Programs 2.0 mi Public 12-12 0 0
      Alternative Education-san Joaquin High School 2.0 mi Public K-12 0 0
      Creekside High School 2.0 mi Public 9-12 1 3
      Culverdale Elementary School 2.1 mi Public K-6 3 4
      South Lake Middle School 2.2 mi Public 7-8 5 4
      Santiago Hills Elementary School 2.3 mi Public K-6 5 4
      Tutor Time 2.4 mi Private PRESCHOOL-K 0 1
      Rancho San Joaquin Middle School 2.5 mi Public 7-8 5 4
      Hicks Canyon Elementary School 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 School 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 School 2.9 mi Public K-6 4 3
      Village Montessori Of Irvine School 3.0 mi Private PRESCHOOL-3 0 3
      Canyon View Elementary School 3.0 mi Public PRESCHOOL-6 5 4
      Northwood Montessori Of Irvine 3.0 mi Private K-1 0 4
      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
      Turtle Rock Private Kindergarten 3.5 mi Private PRESCHOOL-K 0 4
      Orchard Hills School 3.6 mi Public 5-8 4-5 5
      University High School 3.7 mi Public 9-12 5 4
      Turtle Rock Elementary School 3.7 mi Public K-6 5 4
      Bonita Canyon Elementary School 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 School 4.8 mi Private K-12 0 5
      Vista Verde 4.9 mi Public K-8 5 4
      Jeffrey Trail Middle 7,803.8 mi Public 7-8 0 0
      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 © 2014
      Local Weather for Irvine, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.