Currently, there are 330 detached homes listed for sale in Irvine. The Median price of these homes is $999,900, with an average days on market of 40 days. The lowest priced detached home for sale is a 2 bedroom, 1 bath, 900 Square foot Condo patio home built in 1977 and is priced at $525,000. The most expensive home currently for sale in Irvine is a 6 bedroom, 6.5 bath, 10,964 Square Foot estate priced at $12,900,000 in Turtle Rock.
There are 129 homes currently Pending in escrow in Irvine. The median price of these Pending homes is $959,000 and the average price is $1,050,000 and the average price per square foot is $460/SqFt. The average days on market is 48 days.
For the first quarter of 2006' (January, February, March), there were 214 detached homes that sold and closed escrow in Irvine. The median priced home was $812,400 and the average price of sold detached homes during this quarter was $961,310. The average price per square foot was $442/SqFt, and the average days on market was 44 days. Let's compare this to the first quarter of last year (2005'). There were 298 detached homes that sold and closed 1 year ago, and the Median home price was $745,000. Compared to today's value of $961,310, this represents a yearly appreciation rate of 29%.
For attached homes in Irvine, there are currently 391 Condos listed for sale and the Median price is $625,000. The lowest priced Condo is a Studio unit with 1 bath and 475 Square Feet for $269,900, and the most expensive is a 2 bedroom, 2.5 bath, 2,068 Square Foot Townhome priced at 2,750,000 located in the new community of Marquee Park Place.
Today, there are 155 Condos Pending in escrow in Irvine. The median price for the Pending Condos is $685,000 and the average price is $620,000. The average price per square foot is $435/SqFt, and the average days on market is 42 days.
For the first quarter of 2006', there were 264 Condos that sold and closed escrow in Irvine. The median priced Condo was $555,000 and the average price of sold Condos and Townhomes during this quarter was $547,828. The average price per square foot was $433/SqFt, and the average days on market was 48 days. For last year at this time, there were 347 Condos that sold and closed escrow, and the Median home price was $505,000. Compared to today's value of $55,000, represents a yearly appreciation rate of 10%.
To view all Homes and Condos for sale in Irvine, visit our website at: Irvine Real Estate
