Irvine home sales down 16%

The latest home-selling stats from DataQuick — for the 22 business days leading to Dec. 16, 2008 — show the following trends in Irvine.

Single-family houses were priced $54,352 — or 7.8% — below the median of $694,937 at the same time period a year ago. Countywide, the median slid 42% below the peak median of $734,000 in June 2007.
Four of the city’s 8 ZIP codes experiences sales drops, while 4 saw upticks.
Overall, home-buying across Irvine was down 16% vs. the same period in 2007.

Here’s how the latest DataQuick numbers break down:

ZIP code	Median	Year ago	Change	Sales	Year ago	Change
92602	$548,500	$675,000	-18.7%	12	15	-20.0%
92603	$830,000	$846,250	-1.9%	23	22	4.5%
92604	$525,000	$650,000	-19.2%	11	16	-31.3%
92606	$534,000	$792,750	-32.6%	9	22	-59.1%
92612	$424,818	$410,500	3.5%	15	14	7.1%
92614	$560,000	$458,500	22.1%	11	7	57.1%
92618	$726,500	$720,500	0.8%	20	40	-50.0%
92620	$677,000	$700,000	-3.3%	38	30	26.7%
Citywide	$640,585	$694,937	-7.8%	139	166	-16%
O.C.	$400,000	$574,713	-30.4%	2,545	1,817	40.1%