2019년 9월 캘리포니아 얼바인 부동산 시장 분석

Market Overview

Median Home Sale Prices for Townhouse-Condo in Irvine, California to rise over the last 12 months. As the summer draws to a close, multiple opposing factors and trends are competing to define the direction of the real estate market. After the Federal Reserve lowered its benchmark interest rate on July 31, 30-year mortgage rates continued to decline, approaching all-time lows last seen in 2016. Yet most experts agree these reductions are unlikely to bring sufficient relief, at least in the short term, for first-time home buyers.

Median Sales Prices for Both Properties

• The Median Sales Price of Single Family Homes in Irvine is $1,200,000. Irvine home values have not changed over the past year. 
• The Median Sales Price of Townhouse-Condo in Irvine is $730,000. Irvine home values have gone up +2.8%over the past year.

Market Health

There were 305 new listings and 201 Closed Sales for both properties in Irvine, CA