Irvine Home Value Price Increase of 11 Percent Per Year Average for Past 13 Years
Irvine CA home selling prices and values have been up on average of 11 percent per year for the past 13 years since 2000.
Irvine’s market during June 2013 was dominated by the 228 standard equity sales – with only one sold REO and 12 sold short sales – for a total of 241 sales.
252 Irvine homes sold last year same time during June 2012 – so number of sales was down 4.5 percent this year.
Irvine’s home selling market 13 years ago during June 2000 was healthy when 248 homes were sold and average selling price of $316,255.
So Irvine CA home sellers have enjoyed sold price increase total $454,011 during the time from June 2000 to June 2013 – a total increase of 143.5 percent.
What this means is that Irvine CA home selling prices have gone up on average of about 11 percent per year during the past 13 years.
Irvine CA home sellers have done well during these years.
However, this is not any prediction for the future of Irvine home selling.
With hot selling during the first six months of 2013, Irvine now has more than twice as many listings of homes for sale, and buyer numbers are moderating.
Sellers at Irvine will continue to be happy when they are realistic in expectations and compare prices to last year 2012 or during the past 13 years.
By Harrison K. Long. Source of some information is CRMLS and is for homes sold by all brokers and agents.
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