Irvine CA Home Values Solid and Economy Strength at OC

Turtle Rock village, Irvine

IRVINE is the economy powerhouse at Orange County CA with industry, jobs and employment. Irvine real estate

Irvine’s home buyers continue to buy and spend more total dollars on homes than at any other city in Orange County.

Irvine’s solid home resale values are bucking against property data geek “doom and gloom” commentaries.

Irvine CA home resold prices and trends solid Irvine home values

2011 – so far this year until June 13, 2011 – 879 Irvine homes sold – average sold price of $640,858

2010 – calendar year – 2,041 Irvine homes sold – average sold price of $671,282

2009 – calendar year – 1,941 Irvine homes sold – average sold price of $658,044

2008 – calendar year – 1,680 Irvine homes sold – average sold price of $715,503

2007 – calendar year – 1,694 Irvine homes sold – average sold price of $798,791 (peak of sold price)

2006 – calendar year – 2,034 Irvine homes sold – average sold price of $789,059

2005 – calendar year – 3,064 Irvine homes sold – average sold price of $714,194 (peak of quantity sold)

2004 – calendar year – 2,725 Irvine homes sold – average sold price of $649,525

2003 – calendar year – 3,200 Irvine homes sold – average sold price of $492,332

2002 – calendar year – 2,936 Irvine homes sold – average sold price of $404,672

Irvine is OC economy driverWith almost 190,000 jobs, Irvine continues to be the economy driver for Orange County.

Irvine average home resale prices are now only 19.6% off the peak in 2007 and are expected to solidify. 

Current 2011 Irvine average home resale price  ($640,858), as compared with $404,672 average during 2002, shows total price increase of 58 percent during that time. 

We encourage Irvine home sellers to be optimistic about price and to prepare their properties in the best possible way to stay ahead of the competition for good buyers.

_________________________________________________________________

This is information from Southern California MLS and does not include that for new home sales or those sold at trustee auctions after foreclosure.

Harrison K. Long – solutions for real estate and business – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com(email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs®

LinkedIn Find us at Facebook RSS feed

Contact us with your questions about Irvine real estate, listing and selling of homes and properties @ Orange County, California. 

Posted via email from Explore OC Homes

About Harrison K. Long

Businessman, Professional real estate representative, Realtor, GRI, Broker associate, Coldwell Banker Residential Brokerage - Orange County, California - CA DRE 01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about homes and real estate - Orange County Association of REALTORs member, California Association of Realtors member now serving on its board of directors from 2011 to the present, National Association of Realtors member - Attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515.
This entry was posted in Corona del Mar property values, Irvine home values, Irvine real estate, OC home value guide, Orange County real estate, South Orange County, South Orange County homes, Turtle Rock Irvine and tagged , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply