Homebuying in Irvine in the October-to-December period outpaced countywide sales activity.
Using CoreLogic data, we compared recent sales patterns for all residences vs. results the year-ago period.
Sales in Irvine sales rose as 1,242 residences were purchased in the latest period vs. 1,187 a year earlier. That’s a gain of 4.7 percent vs. a decline of 1.3 percent countywide. Prices were up in five of eight Irvine ZIP codes, including two with million-dollar medians.
Neighborhood trends in Irvine for year-end from CoreLogic’s report …
Irvine ZIP code 92602 — 112 homes sold in the period vs. 153 a year earlier. That’s a sales loss of 26.8 percent. Median selling price of $1,242,000 vs. $1,016,367 a year earlier, a gain of 22.2 percent.
ZIP 92603 — 65 homes sold vs. 54 a year earlier. That’s a sales gain of 20.4 percent. Median of $1,410,000 vs. $1,063,348 a year earlier, a gain of 32.6 percent.
ZIP 92604 — 62 homes sold, same as a year ago. Median of $700,000 vs. $702,811 a year earlier, a loss of 0.4 percent.
ZIP 92606 — 32 homes sold vs. 45 a year earlier. That’s a sales loss of 28.9 percent. Median of $763,000 vs. $772,267 a year earlier, a loss of 1.2 percent.
ZIP 92612 — 96 homes sold vs. 93 a year earlier. That’s a sales gain of 3.2 percent. Median of $717,000 vs. $640,179 a year earlier, a gain of 12 percent.
ZIP 92614 — 55 homes sold vs. 57 a year earlier. That’s a sales loss of 3.5 percent. Median of $615,000 vs. $590,211 a year earlier, a gain of 4.2 percent.
ZIP 92618 — 514 homes sold vs. 435 a year earlier. That’s a sales gain of 18.2 percent. Median of $803,000 vs. $845,263 a year earlier, a loss of 5 percent.
ZIP 92620 — 306 homes sold vs. 288 a year earlier. That’s a sales gain of 6.3 percent. Median of $945,500 vs. $859,545 a year earlier, a gain of 10 percent.
See full-year 2017 CoreLogic results by ZIP …
Beach ZIPs | North O.C. | South O.C. | Mid-county
From 2017’s fourth quarter, eight countywide trends to ponder:
1. At the neighborhood level, prices were up in 66 of 83 Orange County ZIP codes compared to the previous year.
2. Sales rose in 38 of 83 Orange County ZIPs.
3. Builder sales were 1,544 — up 4.2 percent from a year earlier. Median selling price was $869,000 — up 0.2 percent from a year earlier.
4. In the cheapest third of the county’s market — the 27 least expensive ZIPs, median of $622,500 and below — 2,540 homes sold. That’s down 0.9 percent compared to a year earlier.
5. In the 27 priciest ZIPs — median of $789,050 and higher — 3,236 homes sold. That’s down 0.2 percent.
6. In the 11 Orange County ZIPs with medians above $1 million, sales totaled 720 homes, down 1.9 percent in a year. There were 10 seven-figure ZIPs a year earlier.
7. In the county’s 16 beach-close ZIPs, 1,484 homes sold in the latest period, down 0.6 percent vs. a year earlier.
8. As for relative bargains, there were six ZIPs with medians under $500,000 with total sales of 440 homes. A year earlier, 14 ZIPs had medians under $500,000 with 1,039 sales, or a drop of 58 percent in a year.