Irvine, CA Market Update for November 2007

Here are the latest real estate market statistics for Irvine, CA area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 49.6%*

Average	October 2007	November 2007	% Change
Asking Price	$779,651	$922,814	18.4%
Sales Price	$745,119	$878,426	17.9%
% of Asking Price	96%	95%	-1.0%
$/SQFT	$394	$440	11.7%
Days on Market	72	76	5.6%
Total Transactions	100	69	-31.0%

Search for homes in Irvine, CA and read a neighborhood overview of the Irvine, CA area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 12/17/2007: 963 properties on the market with 478 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.