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

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