Foreclosure Homes in Irvine, CA 92612

Current Market Conditions in Irvine, CA

Irvine's real estate market remains competitive, with home values seeing a steady increase over the past year. The demand for single-family homes in particular continues to outpace supply, leading to multiple offers on desirable properties. This trend is benefiting sellers, as homes are often sold above asking price.

As the city expands with new commercial developments and housing projects, the attractiveness of Irvine as a place to live and work has solidified. The growth in the technology sector and overall job market is also contributing to a healthy demand for housing.

Rent Prices In Irvine, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Irvine, CA, is on a rollercoaster ride. The average rent price in Irvine, CA, is $3,296.00. Indeed, when looking to rent in Irvine, CA, you can expect to pay as little as $1,500.00 or as much as $8,260.00, with the average rent median estimated to be $3,180.00. The good news is that finding an affordable and desirable property to rent in Irvine, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.