The information below under market trends and market knowledge will help you visualize the Irvine housing market as you search. Here you will find the information you need to make an informed real estate purchase decision.
Market trends show you the economic forces at play in the market. I change these graphs quarterly or monthly and provide comments on how they impact your home search.
Market Knowledge provides you with a snap shot of such critical information as home owner fees, lot size and the availability of single-story home plans. These statistics are based on a four year period and 3,689 sales. While the market is always changing these statistics will give you a good sense of what is likely to be available in the market.
To Start Your Search
- Some 44-percent of home listings are likely to include Mello Roos fees. Mello Roos is an additional tax on top of the base tax used to finance the development of new communities. It can add substantially to your monthly cost so be sure to look for this cost.
- All attached homes have Home Owner Associations/Fees. The median association fee is $225 per month.
- Approximately 50 percent of home sales in Irvine during this period were built after 2000; while a second group, 38-percent were built between 1970 and 1990. These older homes were built in some of Irvine’s most innovative Villages, University Village is a case in point. The vast majority of older homes have been remodeled more than once.
- Forty-four percent of the attached homes have two bedrooms, 39 percent three bedrooms. Only 7 percent have four bedrooms.
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