Irvine CA Continues Expanding with More Residents, Jobs and Housing Needs

Irvine CA Continues Expanding with More Residents, Jobs and Housing Needs

Irvine CA continues to grow

Irvine CA is in the top 10 cities for growth in the U.S. and keeps on expanding – now with about 230,000 residents.

Master-planned since its start in 1971, Irvine was ranked eighth in the country for growth and first in California as it grew by 4.2 percent to about 231,000 residents by the end of 2012.

Irvine is the largest city geographically in Orange County, is third in population, and sells lots more real estate than any other city in the area.

Homes at Irvine were designed as part of geographic center of the city – with industrial buildings and office space bordering surrounding.

Growth is expected to bring with it more than 8,600 students for public schools by 2016 – or 16,651 by 2022 – according to Irvine Unified School District projections, which plans for seven new schools by the end of 2020.   Key for balancing growth with quality of life is top-ranking schools, lots of open space and streets that are not too jammed with traffic.

Irvine had about 53,712 homes in 2000 – and today that’s closer to 85,000 homes (which is still not enough homes to keep up with buyer demand).     The Irvine Company is the largest private landowner, which had 774 new home sales in 2011 and more than than 1,400 in 2012.

The Irvine Company (private real estate developer) is still building homes and plans to expand its housing developments.  Five-Point Communities is another developer at Irvine – which has sold lots for 726 homes to be built near the Orange County Great Park, the first among about 5,000 total.

Irvine Housing demand expands 2013

With about 200,000 jobs according to Mayor Steven Choi, Irvine has more jobs than people over the age of 18, and the unemployment rate is very low at 4.9 percent.  Irvine’s ballooning population is a primary reason for its booming home selling markets.

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Source of information is OCRegister.com.

People ask us for free market evaluation and about listing and sale of their Irvine and Orange County CA homes and real estate.

Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers and fiduciaries, bankers, and individuals, with listing and sale of properties at Irvine, Newport Beach and Orange County, CA.

About Harrison K. Long

Professional real estate representative, Realtor, GRI, Broker associate, HomeSmart Evergreen Realty - Orange County, California - CALBRE #01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about homes and real estate - Orange County Association of REALTORs (member with service on its board of directors 2012-2014); California Association of Realtors (member now serving on its board of directors); National Association of Realtors - Attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515. Thanks.
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