August 3, 2018

July 2018 Irvine, CA Real Estate Market Conditions

By Cesi Pagano

There are 696 Irvine homes currently listed for sale, at a median list price of $1,379,177.

Sellers of homes priced over a million should continue to expect market times of between three and four months.

Only 3% of Irvine listings are priced under half a million dollars.

308 Irvine homes are in escrow, (Pending or Backup Offers status), at an average list price of $1,059,495. These 308 listings range in price and size, from just $342,000 for a 1-bedroom 661 square foot Northwood condo, to $5,975,000 for a 4-bedroom 6,900 square foot house in Irvine’s Shady Canyon area.

261 Irvine homes sold in July 2018, at prices from $315,000 for a 1-bedroom, 1 bath attached condo in the Orangetree area of Irvine, to $4,500,000 for a 4-bedroom, 4 bath SFR home in Shady Canyon.

On average, these homes were on the market for 34 days.

The median price of these sold homes is $850,000.

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