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Buying frenzy? Irvine home sales jump 29% in a year

Homebuying in Irvine in the third quarter vastly 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 1,399 residences were purchased this year vs. 1,082 a year ago. That’s a gain of 29.3 percent vs. an increase of 2.2 percent countywide.

Neighborhood trends in Irvine …

Irvine ZIP code 92602 — 125 homes sold in the period vs. 110 a year ago. That’s a sales gain of 13.6 percent. Median selling price of $1,039,000 vs. $829,872 a year ago, a gain of 25.2 percent.

Irvine ZIP

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Original Article:
Date: 1512045617

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