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Hope everyone had a Happy Thanksgiving! Today’s Insane Seller’s Market is not going anywhere. Rather, it is setting up for an Extremely Hot 2022 market from January 1st and on. Last year there were 2,522 homes available on January 1st. By year-end, there will be less than 1,500 homes, 41% fewer than the start to this year. Low supply matched with overabundant demand, coupled by low mortgage rates, point to a hot housing market through Spring 2022.
- Active Inventory plunged by 4% in the past two weeks. With the start of the Holiday Market, expect the inventory levels to plunge and drop below 1,500 homes by year’s end, at least another 17% lower than today. The fewest number of homes come on the market in the month of December.
- Demand drops 4% during the Holiday Market. During the holidays, many buyers who have written offer after offer for months to no avail will place their home searching efforts on hold so that they can enjoy the festivities of the season. Demand will plunge to its lowest level of the year upon ringing in the New Year.
- Days on Market - With a similar drop in both supply and demand, the Expected Market Time (the number of days to sell all Orange County listings at the current buying pace) remains unchanged at 23 days, an extremely Hot Seller’s Market (less than 60 days).
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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July - October 2021 (90-day Lookback)
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October 2020 - October 2021 (12-Month Lookback)
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Market Action Index
Comparison rate of sales versus inventory
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The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have been moving upward as a result.
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Recent Sales by 
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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... Powerhouse Mom!
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Dr. Basu is a courageous, kind, and amazing person, both in the office setting and out! Congratulations Dr. Basu! We are glad you are our neighbor!
Dr. Reshmi Basu, MD, FAAP
Pediatric & Adult Medicine
18102 Irvine Blvd, Suite 103
Tustin, CA 92780
phone: 714-695-5136
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Dr. Reshmi Basu obtained her medical degree at UC San Diego and completed her residency in Pediatrics at Children’s Hospital of Orange County. She has been practicing as a general pediatrician at Pediatric and Adult Medicine in Tustin. Dr. Basu has been involved with the American Academy of Pediatrics — Orange County chapter as an executive board member since 2017 and currently serves as Vice President. She chose pediatrics because she has always been amazed by the great resiliency of children and has a strong passion for child advocacy. Dr. Basu lives with her husband and two kids in Orchard Hills and loves spending as much time as possible with them outdoors.
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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
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What's New with ?
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We celebrated Thanksgiving in Hawaii this year! This was our first vacation in 2 years and was much needed! Aloha!
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