December Irvine Market Update

*|MC_PREVIEW_TEXT|*

Happy Holidays!   Active inventory plunged by 374 homes this past week, down 10%.  As such, the Orange County housing market continues to be a Hot Seller's Market and will continue well into 2021.  Demand is also at unprecedented levels - it hasn't been this high since November 2012.  With the low mortgage rate environment forecasted to continue throughout 2021, the market will remain hot through Spring of 2021 with prices unlikely to fall anytime soon.   Sellers:  Now is the time to list with less competition, high demand, and record-high sales Buyers:  Although the market can be frustrating with low inventory, now is the time to buy with low interest rates, resulting in increased purchasing power    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.  Best wishes for a Merry Christmas and a Happy New Year!  Stay safe and healthy!  - Ellie Yung, Your Orange County Real Estate Specialist Irvine Market Update October - December 2020 (60-day Lookback) Irvine November 2019 - December 2020 (12-month Lookback) Listings by  COMING SOON 175 Stallion - Offered at $1,025,000 3 Bedrooms I 2.5 Baths I Estimated 1,928 Sq Ft First Showing - January 4th!  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 a private showing. Recent Sales by  What's New with  ? Merry Christmas from my family to yours!  Wishing you joy, good health, and lots of laughter this holiday season!     Thank you for your business and support!   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

This email was sent to *|EMAIL|* why did I get this?    unsubscribe from this list    update subscription preferences *|LIST:ADDRESSLINE|* *|REWARDS|*