The Local Market Executive Summary: Irvine Condos & Townhomes

For the week of November 11th, 2013:

The median list price in IRVINE, CA this week is $599,450.

Pickford Escrow - Orange County Exec Summary Condo_CA_IRVINE-30-page-001 (2)

Click here for the PDF.

The Market Action index has been trending down lately, while days-on-market is climbing, providing mostly bearish signs for the
market.

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet
begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.