For Every 10 Condos Sold in Irvine, How Many Listings Didn’t Sell?

A look at middle priced condos (Avenue One and Watermarke) and luxury condos (Marquee, The Plaza, and Lexington)

What do the numbers reveal about today’s condo market?

When homeowners look at real estate market statistics, they usually see the same information: how many homes sold, average sale prices, and how long properties stayed on the market.

But there’s another statistic that doesn’t get nearly as much attention:

How many listings came off the market without selling?

It’s an interesting way to look at the market because not every homeowner who lists a condo ends up selling it.

I reviewed MLS listing activity dating back to 2019 for five Irvine condo communities, separating them into two groups: mid-priced communities and luxury communities.

The results might surprise you.

First, What Does “Taken Off the Market” Mean?

For this analysis, a listing is counted as taken off the market without selling when its MLS status is canceled, expired, or withdrawn.

That can happen for several reasons. A homeowner might decide not to sell, a listing agreement might expire without an acceptable offer, or the seller might temporarily withdraw the property and try again later.

It doesn’t necessarily mean the condo couldn’t sell. In some cases, the owner decided to have the home leased out. Other situations they had a personal situation that wasn’t compatible with selling. Then, some properties are eventually relisted and successfully sold.

The figures below count MLS listing records, not necessarily unique condos. A property listed more than once can contribute to multiple records.

To make the comparisons easier, I’ve calculated how many listings came off the market for every 10 condos sold.

The higher the number, the more listings ended without a sale relative to successful transactions.

1. Mid-Priced Irvine Condos: Avenue One and Watermarke

For every 10 condos sold in Avenue One and Watermarke during 2026, approximately how many listings came off the market without selling?

A. 1 listing

B. 2 listings

C. 4 listings

D. 8 listings

Quiz Answer: C — Approximately 4 Listings

Mid-Priced Condo Market: 2019–2026

The graph reveals some interesting changes.

In 2019, Watermarke had approximately 8.5 listings come off the market for every 10 condos sold. Avenue One‘s ratio was considerably lower, at approximately 3.8.

Then came the exceptionally strong housing market of 2021. Both communities saw their ratios drop dramatically as buyers competed for limited inventory.

By 2025, however, Avenue One experienced an unusual spike: seven listings came off the market without selling, matching its seven successful sales.

The picture has improved in 2026.

Through the latest available 2026 data:

Avenue One: 18 condos sold and 6 listings taken off the market — approximately 3.3 per 10 sold.

Watermarke: 20 condos sold and 8 listings taken off the market — exactly 4 per 10 sold.

Combining both communities, 38 condos sold while 14 listing records came off the market without selling.

That’s approximately 3.7 listings per 10 condos sold, rounded to four.

Interestingly, both communities currently have better ratios than they did in 2019.

That doesn’t mean selling is necessarily easy. But it does provide some perspective when comparing today’s market with the years before COVID.

2. Luxury Irvine Condos: Marquee, The Plaza, and Lexington

Now let’s look at three higher-priced Irvine condo communities: Marquee at Park Place, The Plaza, and Lexington.

Luxury condos can behave differently from mid-priced properties. The buyer pool is often smaller as this is “niche” territory.

But just how different are the results?

For every 10 luxury condos sold in Marquee, The Plaza, and Lexington during 2026, approximately how many listings came off the market without selling?

A. 2 listings

B. 4 listings

C. 6 listings

D. 8 listings

Quiz Answer: D — Approximately 8 Listings

Luxury Condo Market: 2019–2026

The difference between the luxury communities and their mid-priced counterparts is worth examining.

Marquee experienced a particularly difficult year in 2025 by this measure. There were only six successful sales compared with 13 listings that came off the market without selling.

Lexington also experienced a sharp change. In 2024, the community recorded 31 sales and five listings that came off the market without selling. By 2025, there were 13 sales and 13 off-market listings.

The Plaza has been more consistent, although its ratio has also increased in recent years.

Here’s where the three communities stand in 2026:

• Marquee: 14 sold and 14 taken off the market — 10 per 10 sold.
• The Plaza: 10 sold and 6 taken off the market — 6 per 10 sold.
• Lexington: 10 sold and 9 taken off the market — 9 per 10 sold.

Across these three luxury communities, there have been 34 sales and 29 listings taken off the market without selling in 2026.

That’s approximately 8.5 listings per 10 condos sold, making eight the closest answer.

For comparison, the combined mid-priced communities had approximately 3.7 listings taken off the market for every 10 sales.

The luxury communities are experiencing more than twice the off-market activity relative to successful sales.

One important distinction: Lexington’s sales history begins in 2023, so its graph doesn’t extend back to 2019.

What Does This Mean If You’re Thinking About Selling Your Irvine Condo?

The number of condos selling is important, but it doesn’t tell the entire story.

A market can have active buyers and successful sales while still leaving a substantial number of sellers without a completed transaction.

That makes pricing, presentation, competition, and marketing strategy especially important.

It also means sellers should look beyond the latest comparable sale. Understanding which properties didn’t sell, and why they may have struggled, can be just as valuable.

There’s one other consideration when reading these graphs: 2026 figures are year-to-date, while earlier years represent full calendar years. The ratios help normalize the different sales volumes, although seasonal differences may still influence the comparison.

The Bottom Line

Based on the five Irvine condo communities reviewed, the luxury segment has experienced considerably more listings coming off the market without selling relative to successful sales in 2026.

But the historical comparisons also remind us that real estate markets don’t move in straight lines.

Some of today’s ratios are actually better than they were in 2019, while others have deteriorated substantially since the unusually strong market of 2021.

If you’re considering selling your condo, knowing what sold is only half the picture. Knowing what didn’t sell can help you make a more informed decision.

Data source: MLS listing records for Avenue One, Watermarke, Marquee at Park Place, The Plaza, and Lexington, grouped by contract status change year. Sold listings compared with canceled, expired, and withdrawn listings. Results reflect the available 2026 year-to-date data and may include multiple listing records for the same property.