Irvine Market Reports for July 2019

Market Overview

Median Home Sale Prices for both properties in Irvine, California to rise over the past year. the U.S. economic expansion that began in June 2009 became the longest in the nation’s history, marking 121 straight months of gross domestic product growth and surpassing the 120-month expansion from 1991 to 2001. The average rate of growth during this expansion has been a milder 2.3 percent per year compared to 3.6 percent during the 1990s. Although the economy should continue to perform well for the rest of 2019, most economists see a mild recession on the horizon.

Median Sales Price

• The Median Sales Price of Single Family Homes in Irvine is $1,202,500. Irvine home values have gone up +0.9% over the past year.  

• The Median Sales Price of Townhouse-Condo in Irvine is $734,229. Irvine home values have gone up +4.1%over the past year.

Market Health

There were 347 new listings and 274 Closed Sales for both properties in Irvine, CA