June Irvine Market Update

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School's Out! Hope everyone is enjoying the start of Summer.

With city restrictions easing up, market activity has definitely picked up. Homes priced below $1M continue to receive multiple offers, and "days on market" has decreased with demand shooting up.

Mortgage rates continue to remain at an all-time low, dropping to an average of 3.21% across the country. However, there is still a huge shortage in inventory and many buyers are still waiting on the sidelines for the perfect home. With "stay at home orders", buyers have re-evaluated home requirements desiring a larger yard in many cases. If you are looking to sell, I have 3 buyers that are ready to purchase! Please contact me.

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!

- Ellie Yung, Your Irvine Real Estate Specialist

Irvine Market Update

April - June 2020 (60-day Lookback)

June 2019 - June 2020 (12 Month Snapshot)

Listings By

18 Shadybend - Offered at $1,920,000

4 Bedrooms I 3.5 Baths I Estimated 4,191 Sq Ft

Gorgeous Tuscan estate home located behind the guard-gates of the The Groves in the luxury community of Orchard Hills! Premium lot with NO HOMES behind or in front.

Click Here for Highlight Reel

9 Basilica - Price Improvement $1,448,000

5 Bedrooms I 4.5 Baths I Estimated 4,514 Sq Ft

Stunning Meriden Estate located behind the prestigious guard-gated enclave of Covenant Hills! With unobstructed Panoramic Hillside Views, this custom home showcases a Grand Master Retreat, Main Floor Guest Suite and Office, plus a rare Third-Floor Loft!

Click Here for 3D Virtual Tour

76 Lakeview - Offered at $749,000

2 Bedrooms + Den I 2 Baths I Estimated 1,616 Sq Ft

Rarely Available Spacious Single Level Condo located behind the gates of Arborlake in the highly desired community of Woodbridge! PRIME LOWER END UNIT steps away from North Lake and the Beach and Tennis Club.