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Spring is here which also means the hottest season in the real estate market! Typically, Spring is the season when inventory rises and demand surges and peaks.
However, these past months have been an anomaly to past real estate trends. Since November 2020, the market really started heating up and has not stopped. Homes are flying off the shelves in days and generating an overabundance of offers. There is very little supply and way too much demand fueled by low mortgage rates.
However, there is shift brewing behind the scenes. Rates have already risen from 2.65% to 3.09% as of last week. With the increase in mortgage rates, we may start to see the real estate market become more balanced.
Sellers: Now is the time to sell with limited inventory, high demand, and record-high sales.
Buyers: Although the market can be frustrating with low inventory, now is the time to buy with interest rates starting to rise.
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.
- Ellie Yung, Your Orange County Real Estate Specialist
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January - March 2021 (60-day Lookback)
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February 2020 - February 2021 (12-month Lookback)
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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
- Detached Townhome in Orchard Hills
- 3-4 Bedrooms, 2.5 Baths
- Minimum 1,800 Sq Ft
- Price Range <$1.2M
2. Buyer #2
- Single Family in Northwood, Walnut, El Camino, Deerfield, West Irvine, Westpark, College Park
- 3 Bedrooms + Den or 4 Bedrooms, 2.5 Baths
- Minimum 2,000 Sq Ft
- Price Range <$1.3M
3. Buyer #3
- Single Family in Ladera Ranch
- 4 Bedrooms, 2.5 Baths
- Minimum 2,400 Sq Ft
- Price Range <$1.25M
4. Buyer #4
- Single Family in Newport Beach, Turtle Rock, Turtle Ridge, Shady Canyon
- Minimum 4,000 Sq Ft
- Price Range <$4.5M
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Recent Sales by 
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What's New with ?
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Last week was Spring Break for the kids, and we were able to get away for a couple days to go sking. Snow Valley is a local mountain about 1.5 hrs from Orange County that is great for a quick day trip. It is not too crowded and you can't beat the prices!
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