More than five decades have passed since the Irvine Company broke ground on the most ambitious and successful master-planned urban development project in the United States. These days, Irvine, CA, is considered a blueprint of effective urban and suburban developments. Planners from Arizona to Florida and Hermosillo to Taiwan have studied Irvine’s success for the purpose of building similar communities in their jurisdictions.
If you’ve been looking at houses for sale in Irvine in 2018, you are in luck: beyond continued development, there are various positive factors that may motivate you to relocate to this prosperous city. Here are six reasons for you to make the move to Irvine in 2018.
1. A Booming Economy
Irvine is known for its commitment to scientific research and technology development, two economic sectors that are expected to continue lifting the local economy. For 2018, the unemployment rate is expected to remain at 3.38 percent, considerably below the national average. According to the popular Sperling’s Best Places to Live survey, job growth in Irvine is expected to rise by 41.2 percent, more than 4 percent above the national forecast.
2. Great Weather
Unlike other parts of California that have experienced extreme weather conditions, Irvine is expected to enjoy its famously mild climate of 71 degrees for most of 2018. According to the Farmer’s Almanac, rainfall from October through January is expected to be a couple of inches higher than normal, which is good news since a large portion of Southern California has been hit with drought conditions. Engineers at the Orange County Water District are not anticipating water rationing in Irvine.
3. Lots of Green Space
As part of its ongoing development program, the Irvine Company plans to protect more green areas beyond the 16,000 acres of nature preserves and city parks.
4. Better Traffic Conditions
The advantage of being a master-planned city extends to smart traffic management. A recent survey conducted among students of Chapman University found that many commuters who used to live in Los Angeles and Anaheim moved to Irvine to deal with less gridlock. The city’s Traffic Research and Control Center uses smart sensors to regulate traffic throughout the day according to density, weather conditions, and special events.
5. Educational Opportunities
The highest SAT scores in Orange County can be found in Irvine, a city where 97 percent of high school graduates are admitted to local colleges. Since the year 2000, Irvine has been ranked in the top 10 list of American college towns.
6. Plenty of Buying Opportunities
Although the Anaheim – Santa Ana – Irvine metro area is not known as the most affordable in California, things are looking better for prospective homebuyers in 2018. Reports by real estate analytics firm CoreLogic indicate the Irvine housing market has been cooling down in terms of median prices since October 2017. Even new construction homes, which tend to appreciate faster, are showing signs of stabilization. If you felt priced out of the market in 2017, find a real estate agent in Irvine and inquire about current prices.
From Orangetree to Stonegate, Irvine homes for sale are likely to be popular items in 2018. Get in touch with one of the reliable agents at OC Residential to get started on your search for your dream home. Call 714-454-6304 today.