Irvine: Real Estate Stats and Communities

Irvine has an exemplary record as being deemed the Safest Big City in America by the FBI since 2004. As a hot spot for business and home to University California, Irvine (UCI), Irvine is an ideal location for responsible, productive individuals and families.

According to data from Trulia, the median sales price for single family homes in Irvine CA ending March 14 was $697,500.  In comparison to sales last year, it is a rise of 16.2%. 

However, the average home in Irvine has a listing price of $1,130,964 for the week ending Mar 12.
The average cost per square feet is also up to $421, which represents a 12% increase from sales 12 months ago.

Popular neighborhoods in Irvine include the established communities of Woodbridge, Woodbury, Northwood, Westpark, Lower Peters Canyon, Northwood Pointe, and Turtle Rock.

Communities in high demand include: Quail Hill for its schools, University High (among the top ranked nationally), and Alderwood Elementary
Turtle Ridge, (the median home price for listed homes is $1,588,000; Zillow - March 2014)  

Shady Canyon (the median home value is $1,118,900, while the avg. list price is $6,258,125)

Newer Home Communities include:

Cypress Village will have two new developments by Irvine Pacific, Jasmine and Laurel are under phase and will begin in the high 600s and high 800s respectively.

Garden Hill at Portola Springs

The Great Parks Neighborhood, which is over 2,000 acres,  features designs from the following builders:

• K. Hovnanian Homes
• Lennar
• Pulte Homes
• Richmond American Homes
• Ryland Homes
• Shea Homes
• Taylor Morrison
• William Lyon Homes

 Within Great Parks neighborhoods is the Pavilion Park community with 726 homes. It opened in September 2013 with these subdivisions Whistlet, Melrose, Hawthorn, Harmony, Roundtree, Rosemist, Beachwood.  The attractive communities combined with a great business location and access to the beaches makes Irvine a perfect place to call home. Get in touch with a local real agent from Re/Max Premier Realty, Coldwell Banker Platinum Properties, First Team Real Estate and other respectable companies to narrow down the right neighborhood for you.

Before looking at any property for sale in Irvine and making offers see what financing option are available. Buyers seeking to put down less than 20-percent and can get 90-percent financing (10-percent down) up to $1,000,000 and 15% down up to $1,500,000 with very attractive rates and terms. Visit www.iJumboLoan.com and connect with a local mortgage lender.