Buying frenzy? Irvine home sales jump 29% in a year

Aerial view of homes in an Irvine neighborhood shot August 5, 2010. ///ADDITIONAL INFO / / / aerials shot 080510 JEBB HARRIS, THE ORANGE COUNTY REGISTER aerial photos shot August 5, 2010 including: JWA terminal const. & takeoffs. John Wayne Airport, Tustin base development & The District. Generic housing trends art, construction mortgage sales development, El Toro, The great park, balloon, tower, blimp hangars, UCI campus views, Dredging in back bay, Stalled HB beachfront hotel development, Pacific city, condos, shopping, HB offshore oil platform, Huntington Beach surf tournament beach scene, OC Fairgrounds , Orange County Fair.

Homebuying in Irvine in the third quarter vastly outpaced countywide sales activity.

Using CoreLogic data, we compared recent sales patterns for all residences vs. results the year-ago period. Sales in Irvine sales rose as 1,399 residences were purchased this year vs. 1,082 a year ago. That’s a gain of 29.3 percent vs. an increase of 2.2 percent countywide.

Read more neighborhood trends in Irvine.

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