sad.machine_IHB
New member
I read the article where IrvineRenter talks about his forecasted median home price in 2012 as 357K, but what is the median home price now?
What is current median home price in irvine?
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IrvineRenter_IHB
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[quote author="sad.machine" date=1246881994]I read the article where IrvineRenter talks about his forecasted median home price in 2012 as 357K, but what is the median home price now?</blockquote>
I think I actually said $375K not $357, but I do believe the median will drop under $400K as foreclosures pile up and interest rates rise.
You can find the <a href="http://www.dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx">May 2009 Median from Dataquick here</a>.
It is $550,000.
IRVINE 200 $550,000 $600,750 -8.45%
I think I actually said $375K not $357, but I do believe the median will drop under $400K as foreclosures pile up and interest rates rise.
You can find the <a href="http://www.dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx">May 2009 Median from Dataquick here</a>.
It is $550,000.
IRVINE 200 $550,000 $600,750 -8.45%
sad.machine_IHB
New member
o yes, 357 was a typo. thanks for your answer!
IrvineRealtor_IHB
New member
FWIW, June's median price is back up to $580K. Info updated at <strong><a href="http://irvinerealtorsite.com/">www.irvinerealtorsite.com</a>.</strong>
<em>Median is still a garbage stat for RE but do with it what you will. </em>
-IR2
<em>Median is still a garbage stat for RE but do with it what you will. </em>
-IR2