California

<p>Below is a quick summary of the real estate market in Irvine where houses have grown considerably: April saw a 15% increase compared to May of last year:</p>
<h4 class="sc-fff60b4-3 bmIvnq">Housing Market Summary for Irvine, CA</h4>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">May 2023</th>
<th class="sc-7568d94b-2 hTsliE">April 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$1.3M</td>
<td class="sc-7568d94b-5 eqHQXK">$1.5M</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">15.36%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$1.3M</td>
<td class="sc-7568d94b-5 eqHQXK">$1.5M</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">15.37%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">254</td>
<td class="sc-7568d94b-5 eqHQXK">258</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">1.57%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">2,045</td>
<td class="sc-7568d94b-5 eqHQXK">2,432</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">18.92%</span></td>
</tr>
</tbody>
</table>
<p>Average home values have been climbing in Irvine, CA, from $1,298,900 in May of the previous year to an impressive <a href="https://www.realtytrac.com/market-trends/irvine-ca/">$1,480,000 by April this year</a>. In tandem, price per square foot also increased: from $703 to $778 within the same timeframe. There were 2,432 homes sold, hinting at a healthy turnover and bustling activity within the region’s real estate dynamics.</p>
<h2>Comparative Real Estate Trends: Irvine vs. Neighboring Cities</h2>
<p>Irvine saw higher property values and prices per square foot compared to neighboring Tustin, Laguna Woods, Lake Forest, and Foothill Ranch. Tustin’s average property value stand at $925,000, while avg sale prices landed at $1,128,750. Laguna Woods marks the lower end with values at $453,500 and sold averages at $491,539, further enhancing Irvine’s higher market position.</p>
<p>Lake Forest values are somewhere in the middle with house values at $1,05M sale prices around $1,201M. <a href="https://www.realtytrac.com/market-trends/foothill-ranch-ca/">Foothill Ranch</a> skews towards affordability with an average of $762,500 in values. However, Newport Beach, outpaced Irvine with a staggering average value of $3,7M. This stark contrast with an accompanying steep price per square foot at $1,222 slows the pace for affordability.</p>
<p>This year we have seen property values grow. There were also more homes available for sale: from 215 in Jan to 258 last month. Reflective of a high-demand market, the slight swell in available properties could mean a more varied selection for potential buyers or an indication of more significant market confidence among sellers.</p>
<p>In the zip code derbies, <a href="https://www.realtytrac.com/market-trends/irvine-ca-92603/">92603</a> has highest numbers homes for sale, with the highest sales prices, while also commanding a substantial square-foot-value. The variations across zip codes in this region shows how broad the market is – there are high-end luxury homes as well as more affordable properties available for first-time buyers. This juxtaposing landscape showcases a broad span of offerings catering to a spectrum of buyers with different preferences and financial capabilities.</p>


Market Reports

Market Trend Report For Bakersfield, California – March 2024

Stockton Housing Market Comparably Affordable Amid Rising California Prices – January 2024 Report

Irvine Real Estate Values Soar to $1.48M

The Irvine, California real estate market shows promising growth and diversity, with average property values and sales prices on the rise.

Irvine Real Estate Values Soar to $1.48M - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Real-Estate-Report-Irvine.png

Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

https://secure.gravatar.com/avatar/bde61d121d9d8df1cdb5a8525b1cb5c6?s=96&d=mm&r=g

Manuel Martinez

Florida

Real Estate Report Tampa Florida

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024

Tampa’s real estate market demonstrated steady growth from May 2023 to April 2024, with rising property values and robust sales volumes. Comparative data also highlights Tampa’s appeal over neighboring cities.

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Real-Estate-Report-Tampa-Florida.png

Foreclosure

Data analysis

Listing Type

Foreclosed Home

How to Stop a Home Foreclosure

Packing boxes storage

The Legal Rights of Tenants in Foreclosed Properties

Man with empty wallet

How Do You Buy a House if You’re Broke?

Rules for auctions

Foreclosure Auction Dos and Don'ts

foreclosure_home_for_sale_sign

How to Buy A Foreclosure - A Guide for Investors and Homebuyers

Key Data To Analyze When Predicting Foreclosure Trends

With the right information you can better predict and understand foreclosure trends.

Key Data To Analyze When Predicting Foreclosure Trends - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Data-analysis.jpg

David joined Nations Info as President in 2020 to take on the responsibilities of strategic planning, overall company management, product development and customer acquisition. With him, David brings 20 years of experience in the internet and technology industries, with leadership in Product, Marketing, Technology, as well as leading international teams in companies such as Ebates, Living Social, Groupon and Microsoft. David attended The MIT Sloan School of Management’s MBA program and earned his Bachelor’s degree from the University of California, Berkeley, studying Computer Science.

https://www.realtytrac.com/wp-content/uploads/2024/06/cropped-David-Teng-RealtyTrac-96x96.webp

David Teng

This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.

Market Trend Report For Bakersfield, California – March 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/03/Market-Report-Bakersfield-CA-March-2024.png

Irvine Real Estate Values Soar to $1.48M

$9,300,000