Posted: 16 Oct 2013 05:00 AM PDT
In my post last week, which highlighted three homes in Irvine’s most affordable category, I noted that 2 of these 3 homes had recent price reductions. Since many of the local news reports had been reporting on the multiple offers for homes that have been for sale recently, I started wondering if the tide is shifting and if reductions in other categories of the Irvine housing market were becoming less prevalent. So I took a look at the homes that Redfin has listed as the most popular in Irvine. I found that of the approximately 40 homes that Redfin currently lists in their most popularly viewed category, six have recent price reductions. Below is some information on these homes.
• $720,000 ($317 per square foot)
• $769,000 ($320 per square foot)
• $750,000 ($373 per square foot)
• $439,900 ($374 per square foot)
• $750,000 ($395 per square foot)
• $499,000 ($310 per square foot)
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