The Springs (Irvine 92620) Condo Market Report – August 2025

Thinking about selling your condo in The Springs?

Here’s the latest market data, what’s driving value right now, and how to position your unit for the best sale possible.

📊 Quick Market Snapshot

(As of August 14, 2025)

🏆 Top 5 Price Drivers in The Springs

1 . Condition & Upgrades – Renovated units can sell for 15–20% more.

2 . Location in Complex – Pond/stream views bring ~5% premium.

3 . Floor Plan & Size – Larger 2BR units command the highest sale prices.

4 . Unit Level – Upper = vaulted ceilings; Lower = patios — preference-based.

5 . Parking & Laundry – Rare garages or in-unit laundry upgrades can nudge value higher.

🏡 The Springs at a Glance

• Year Built: 1977

• Units: ~254 condos (studios, 1BR, 2BR)

• Parking: One assigned carport + permit; guest parking available

• Amenities: 2 pools, spa, 3 tennis courts, clubhouse, EV charging

• HOA Dues: ~$365/month – covers water, hot water, trash, sewer, exterior maintenance, and fire insurance

• Setting: Park-like grounds with streams, ponds, and lush landscaping; non-gated community

💰 Pricing Lanes

As-Is / Original Condition

• Studios ~$400K

• 1BR high-$400Ks

• DOM often 60+ days

Lightly Updated

• 1BR ~$515K

• 2BR ~$600K

• DOM ~30–45 days

Turnkey / Renovated

• 2BR up to $718K

• Studios $430K+

• DOM <2 weeks in high demand

💡 Wondering which lane your home fits in? Get your free price estimate →

🔑 Recent Comparable Sales

• 1BR / 633 sf (Original) – $492K — $770/sf — 35 DOM

• 1BR / 639 sf (Lightly Updated) – $517K — $817/sf — 14 DOM

• Studio / 475 sf (Remodeled) – $412K — $867/sf — 7 DOM

• 2BR / 809 sf (Lightly Updated) – $585K — $723/sf — 5 DOM

• 2BR / 887 sf (Renovated) – $718K — $809/sf — 12 DOM

📅 Best Time to Sell

• Peak: March–July for maximum buyer activity

• Fall: Can work well if inventory is low

• Tip: List when competing inventory is minimal to stand out

💼 Investor Snapshot

• Rents: Studios $2,000–$2,200; 1BR $2,300–$2,600; 2BR $2,800–$3,100

• Gross Yield: ~5.5% (net ~3–4% after HOA/tax/insurance)

• Demand: Steady from students, young professionals, and small families

💡 Why Buyers Love The Springs

• Resort-style grounds with streams and ponds

• One of Irvine’s most affordable condo communities

• Efficient floor plans — many with vaulted ceilings

• HOA includes major utilities

• Top-rated Irvine schools and close to UCI & shopping

🚀 Our 3-Step Seller Process

Step 1 — Price Lane & Appraisal Prep

We place your unit in the right pricing lane and prepare comps for the appraiser.

Step 2 — High-ROI Refresh & Marketing

Targeted updates, professional staging, and lifestyle-focused marketing.

Step 3 — Contract-to-Close Without Surprises

Proactive HOA doc prep, appraisal guidance, and smooth lender coordination.

❓ Seller FAQ

1 . HOA dues? ~$365/month, covering water, hot water, trash, sewer, exterior, insurance.

2 . FHA/VA loans? Not approved, but spot approvals possible.

3 . Is staging worth it? Yes — especially in smaller condos.

4 . Renovate before selling? Only high-ROI updates.

5 . Appraisal risks? We meet the appraiser with prepared comps.

6 . Best time to sell? Spring, or when inventory is low.

7 . Showing prep? Declutter, deep clean, brighten spaces.

8 . Special assessments? None known.

9 . Typical buyer? First-time buyers, investors, parents of students.

10 . Why hire us? Proven Springs track record and targeted marketing.

💬 We have buyers looking in The Springs right now.

Find out what your condo could sell for today →