15 trends to know – Orange County Register

Homebuying in Irvine in 2017’s first half outpaced countywide sales activity.

Using CoreLogic data, we compared sales patterns from the six months ended in June vs. the first half of 2016.

Sales in Irvine rose as 2,335 residences sold through June vs. 2,158 in 2016. That’s a gain of 8.2 percent vs. a 2.2 percent gain countywide.

Neighborhood trends in Irvine from the CoreLogic report:

1. Irvine ZIP code 92602 — 296 homes sold in the period vs. 312 a year ago. That’s a sales loss of 5.1 percent. Median selling price of $859,500 vs. $918,250 a year ago, a loss of 6.4 percent.

2. Irvine 92603 — 165 homes sold vs. 184 a year ago. That’s a sales loss of 10.3 percent. Median of $1,200,000 vs. $981,500 a year ago, a gain of 22.3 percent.

3. Irvine 92604 — 140 homes sold vs. 168 a year ago. That’s a sales loss of 16.7 percent. Median of $732,500 vs. $712,500 a year ago, a gain of 2.8 percent.

4. Irvine 92606 — 71 homes sold vs. 81 a year ago. That’s a sales loss of 12.3 percent. Median of $749,000 vs. $705,000 a year ago, a gain of 6.2 percent.

5. Irvine 92612 — 193 homes sold vs. 195 a year ago. That’s a sales loss of 1 percent. Median of $623,000 vs. $605,000 a year ago, a gain of 3.0 percent.

6. Irvine 92614 — 121 homes sold vs. 131 a year ago. That’s a sales loss of 7.6 percent. Median of $639,500 vs. $610,000 a year ago, a gain of 4.8 percent.

7. Irvine 92618 — 657 homes sold vs. 505 a year ago. That’s a sales gain of 30.1 percent. Median of $803,750 vs. $788,250 a year ago, a gain of 2.0 percent.

8. Irvine 92620 — 692 homes sold vs. 582 a year ago. That’s a sales gain of 18.9 percent. Median of $839,500 vs. $814,000 a year ago, a gain of 3.1 percent.

9. So overall, six of eight Irvine ZIPs had decreases in sales but prices increased in seven of the city’s eight ZIPs.

… and countywide trends to ponder, first half 2017 vs. first half 2016 …

10. Prices rose in 70 of 83 Orange County ZIPs. Sales rose in 50 of the 83.

11. In the 27 least expensive ZIPs — median price at $597,500 and below -– 5,258 homes sold. That’s up 0.8 percent.

12. In the 27 priciest ZIPs — median price of $755,000-plus -– 6,431 homes sold. That’s up 5.7 percent.

13. In nine ZIPs with medians above $1 million, sales totaled 1,256 homes, up 7.8 percent.

14. In 16 beach-close ZIPs, 3,158 homes sold, up 3.27 percent.

15. There were 10 ZIPs with median prices under $500,000 with total sales of 1,799 homes. A year ago, 18 ZIPs had medians…

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