October Irvine Market Update

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With Halloween around the corner, this year will be a very different trick-or-treating experience for the kids.  We will be watching horror movies with our popcorn! The Orange County housing marketing will remain a hot seller's market for the remainder of 2020.  Strong demand and incredibly low inventory will result in home values rising.  As you can see in the 12-month chart below, Days on Market (DOM) is the speed of the market.  The lower the DOM, the faster the market.  Since September 2019, the speed of the market has gone from 47 average days on market to 36 average days on market.  That means homes are selling 23.4% faster.  Average sales prices have also increased 4.31% since 2019.  There is a scarcity of homes for sale and multiple offers are the norm.  Sellers - we need more inventory!  Please contact me if you are thinking about selling. Included below is your 60-day and 12-month Irvine Real Estate market snapshot.  I am your local resource for all your real estate needs.  Referrals are always appreciated.  Stay safe everyone and Happy Halloween! - Ellie Yung, Your Irvine Real Estate Specialist Irvine Market Update August - October 2020 (60-day Lookback) Irvine September 2019 - September 2020 (12-month Lookback) Halloween Event Looking for a safe, fun, and spooky event for Halloween 2020?   The Urban Legends of Southern California drive-thru haunt is coming to the OC Fair & Event Center in Costa Mesa Oct. 1 to Nov. 1 and will be bringing dark tales to patrons who will stay within the confines of their vehicles. Click for More Info Listings by  COMING SOON 175 Stallion - Offered at $999,000 3 Bedrooms I 2.5 Baths I Estimated 1,928 Sq Ft Gorgeous Model-Like detached home in the brand new community of Corte Bella in Orchard Hills. Built in 2015, this highly upgraded home features 3 bedrooms, 2.5 baths, and an open floorplan.  Prime location with no neighbors directly behind and close proximity to community amenities. Contact Ellie for more details. Recent Sales by  What's New with  ? I'm happy to announce that I have changed brokerages to Coldwell Banker Realty.  With Coldwell Banker Realty, I have increased marketing tools, budget, and international reach to even better position my clients' homes for the highest market price.  To find out how, contact me today! Follow our Facebook Business Page to stay informed on future events! M: 310.251.5428 EllieYung.com Ellie@EllieYung.com Forward to a Friend Copyright © 2019 Ellie Yung Real Estate, All rights reserved. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. View this email in your browser

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