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The Holiday Season is in full swing and many buyers and sellers are taking a break to enjoy this time with family and friends.
- Active Inventory dropped another 6% in the past two weeks. The fewest number of homes are placed on the market in December. Inventory will continue to plunge by year’s end and will hit a new record low upon ringing in the New Year. Last year, there were 131% more homes than today due to a delay in the Spring Market because of Covid.
- Demand plunged by 12% in the past two weeks. Such low inventory combined with the Holiday Market has sidelined many prospective home buyers. Many buyers are ultimately taking a break until the start of 2022 just around the corner. Last year, demand was 31% more than today with more inventory.
- Days on Market - With an enormous drop in demand compared to the smaller drop in supply, the Expected Market Time (the number of days to sell all Orange County listings at the current buying pace) increased from 20 to 21 days. At 21 days, it is an extremely insane, Hot Seller’s Market.
Included below is your 90-day and 12-month Irvine Real Estate Market snapshot. I am your local resource for all your real estate needs. Referrals are always appreciated.
- Ellie Yung, Your Orange County Real Estate Specialist
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August - November 2021 (90-day Lookback)
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November 2020 - November 2021 (12-Month Lookback)
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Market Action Index
Comparison rate of sales versus inventory
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The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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To obtain a complimentary instant home valuation and quick peek at the market activity near your home, please click the button below.
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Listings by 
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Coming Soon Listing
Blakeley, Irvine - Offered At $1,450,000
4 Bedroom | 2.5 Bath | 2,411 Sq Ft | 5,900 Sq Ft Lot
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Coming Soon in 2022. NO HOA and NO MELLO ROOS! Charming Family Home located in the serene community of Greenfield in Northwood. As you enter the formal foyer, you will be greeted by the spectacular OPEN FLOORPLAN with vaulted ceilings, stunning staircase, expansive living and dining room, and lots of natural light. Entertain in the oversized backyard with lush green grass and no neighbors behind for ultimate privacy. This home is a rare opportunity at this price and will go quick! For priority access to view this home, please click the button below.
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Recent Sales by
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Client Appreciation Event
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DEC 14 - 31, 2021 - BEST BUY GIFT CARD GIVEAWAY
Just in time for the Holidays! Ellie Yung Real Estate and Coldwell Banker invite you to enter our High Tech Best Buy Giveaway where there will be over 50 winners!
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Grand Prizes $500 Best Buy® Gift Card (4 winners)
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$300 Best Buy® Gift Card (10 winners)
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$100 Best Buy® Gift Card (42 winners)
Contest Entry Dates: December 14-31. Drawing will be held on or around January 3rd, 2022. Good luck!!
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Each month we will nominate a local business owner in the area who we feel deserves some spotlight!
This Month's Feature... Academic Leadership!
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Hi, I'm Adriana Hill! Years ago, I was told by my daughter’s teacher that she needed to improve her reading comprehension skills or risk falling behind. Certainly not what any parent wants to hear! After countless emotional hours searching online for strategies, I knew I had to find a tutor. I realized that my family was not unique in this— every child, no matter how gifted, focused, or capable, could use an academic boost and specialized training in some areas. Together with my husband David, we now own and operate several local Tutoring Clubs, helping hundreds of students spanning pre-K through High School graduation! Regardless of the subject, Tutoring Club provides an individualized education plan for every single student. The Hills welcome all neighbors to receive a free academic skills assessment and/or trial session!
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Congratulations Hill Family on the exceptional work you are doing for our children!
Call today for a free trial session!
949-835-0383
Locations: Fountain Valley, Mission Viejo, Tustin, Costa Mesa/ Newport
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I have a very strong buyer pipeline in a very low inventory market. These buyers are pre-approved and ready to purchase. If you have a home that meets the below criteria or know of someone willing to sell, please contact me immediately! This could be a win-win situation.
1. Buyer #1
- Single Family in Orchard Hills (The Groves)
- 4+ Bedrooms, 4+ Baths (Messina, Saviero, Vicenza)
- 3,600+ Sq Ft
- Price Range <$2.8M
2. Buyer #2
- Single Family in Quail Hill, Tustin Ranch, Laguna Niguel
- 3+ Bedrooms, 3+ Baths
- 2,800+ Sq Ft / High Ceilings / View Lot
- Price Range <$3M
3. Buyer #3
- Single Family in Irvine
- Downstairs Junior Suite
- 4 Bedrooms, 2.5+ Baths
- 3,000+ Sq Ft / 5,000+ Sq Ft Lot Size
- Price Range <$2.8M
4. Buyer #4
- Condo in Woodbridge or Deerfield
- 2+ Bedrooms, 2+ Baths
- Price Range <$700K
5. Buyer #5
- Detached Condo or SFR in Lake Forest
- 3+ Bedrooms, 2+ Baths
- Price Range <$1M
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Wishing you all a Happy Holiday Season and a Prosperous New Year filled with good health, fortune, and laughter! Here's to 2022!
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