Irvine seeing fewer home price reductions

October 8th, 2009, 5:00 am · 2 Comments · posted by Erika Chavez, Staff Writer

Price cuts on Irvine home listings dropped substantially in September, according to real estate web site Trulia.com.

The site shows 101 price cuts last month, a marked decrease from 175 price cuts in August and 136 price reductions in July.

September’s price cuts ranged from a $700,000 discount on a Shady Canyon lot to a $1,000 reduction on a Turtle Rock condo.

To see September’s price cuts, CLICK HERE.

$3 million dollar price drop on Irvine mansion

Home prices down, sales up in Irvine’s ritziest ZIP

Median Irvine home price dips slightly

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Irvine housing's 'Mood Ring'

For the calendar month of October -- DataQuick's freshest stats -- we tap into Irvine's homebuying mood with how local ZIPs fare vs. a year ago! ZIPs with GAINING median prices and sales are GREEN while MIXED trends are YELLOW and FALLING prices and sales are RED!

ZIP	Price	Ch.	Sold	Ch.
92602	$757500	+27%	32	+28%
92603	$642500	-31%	29	+26%
92604	$535000	+1%	40	+135%
92606	$537500	-6%	17	-19%
92612	$520000	+10%	37	+28%
92614	$480000	+23%	21	+62%
92618	$550000	+8%	23	+92%
92620	$615000	-8%	56	+24%

Overall O.C. home trends are HERE!

OC CPA dude says:

October 8, 2009 at 11:16 pm

While the number of home price reductions has decreased, hasn’t the number of homes on the market also decreased as well?

What is the change in the percentage of Irvine homes that have seen home price reductions, and what is the change in the average percentage of the home price reduction?

Post Reply

truthbomb says:

October 9, 2009 at 12:11 am

OC CPA,

You are too intelligent to be reading the OC Register. Please try again.

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