Irvine weekly market numbers (CRMLS), posted every week - Irene and Ricky Zhang, KW Irvine

IreneandRickyzhang

IreneandRickyzhang

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We pull Irvine numbers from CRMLS every Thursday and write up what we see. We'll post each week's numbers in this thread so they're in one place. Builder sales that never hit the MLS aren't included.

Week of Oct 8–14, 2026

  • Closed: 33 sales, avg $765/sq ft (prior week: 31 at $789, or $760 without Shady Canyon)
  • New pendings: 29, including 2 in Shady Canyon. The other 27 were asking $810/sq ft on average (prior week: 17 pendings at $847)
  • New listings: 26, avg asking $861/sq ft (SFR $945, condo $780). Prior week: $774
  • 30-yr fixed: 7.40% (Freddie Mac PMMS, Oct 15), flat from the week before, 6.27% a year ago

What stood out to us:
  • Closed prices keep landing between $750 and $800 a foot. That's the range right now. A $10 move in a week with 30-some sales is noise.
  • Pendings went from 17 to 29, more than we expected. Open house traffic is all over the place, though. One of ours had people coming through all afternoon; another had nobody.
  • New SFR listings at $945 a foot look high to us, outside the handful of view homes asking $1,300+. Condos at $780 are priced much closer to where things actually close.
  • Pricing low to start a bidding war isn't working. We're seeing very few offers over asking.
  • If your place is sitting empty with a mortgage on it, waiting for next year is expensive. Interest alone on a $1M loan at 7.4% is over $6,000 a month.

This is our read of the numbers, not a forecast. Full write-up: https://ireneandricky.com/blog/29-i...-but-new-listings-are-asking-dollar861-a-foot

Irene and Ricky Zhang | Keller Williams Realty Irvine | CA DRE 01967217 / 01972236
 
Week of Oct 15–21, 2026
  • New pendings: 20, down from 29 the week before. Two were luxury homes (one Turtle Rock, one Orchard Hills). The other 18 were listed at an average $792/sq ft.
  • Closed: average $822/sq ft, or $808 excluding one Shady Canyon sale. Two Orchard Hills homes are still in that number. Homes sold an average 4.6% below asking.
  • New listings: 30. Excluding 2 Shady Canyon and 1 Hidden Canyon listing ($1,700–1,800/sq ft), the other 27 asked $810/sq ft, down from $861.
  • 30-yr fixed: 7.32% (Freddie Mac PMMS, Oct 22), vs 7.40% the week before and 6.19% a year ago.
What stood out to us:
  • Volume. A normal week here is around 40 pendings. 20 is about half.
  • Nearly every home that closed had at least one price cut before it sold.
  • New-listing asks came down a lot from the week before. Sellers are adjusting.
  • Most sellers calling us lately own rentals. Owners with ~3% loans mostly aren't moving.
This is our read of the numbers, not a forecast.
Full write-up: https://ireneandricky.com/blog/only...he-real-test-for-sellers-may-just-be-starting

Irene and Ricky Zhang | Keller Williams Realty Irvine | CA DRE 01967217 / 01972236
 
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