|
Newsflash! Inventory is finally rising! Active listing inventory has increased by 6% from record lows. Supply of homes is expected to rise throughout Spring and Summer markets, which will hopefully slow the market to become more balanced.
While not immediately noticeable, demand has actually dropped by 3%. This is an indication that buyers are getting frustrated by rapidly increasing prices, bidding wars, and overpriced properties.
However, the market continues to be a Hot Seller's Market with homes selling in less than 60 days, tons of showings, multiple offers, and home values rising rapidly.
Sellers: Now is the time to sell with limited inventory, high demand, and record-high sales. Pricing is key and overpriced properties will become stale.
Buyers: Although the market can be frustrating with low inventory, waiting to buy will be costly as home prices and mortgage rates increase.
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
|
|
|
February - April 2021 (60-day Lookback)
|
|
|
March 2020 - March 2021 (12-month Lookback)
|
|
Market Action Index
Comparison rate of sales versus inventory
|
|
|
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
- 1,800+ Sq Ft
- Price Range <$1.2M
2. Buyer #2
- Single Family in Orchard Hills (The Groves)
- 4+ Bedrooms, 4+ Baths
- 4,000+ Sq Ft / Lot Size 7,000+ Sq Ft / Private Pool
- Price Range <$3M
3. Buyer #3
- Single Family in Irvine
- 4 Bedrooms, 3+ Baths
- Minimum 2,400 Sq Ft
- Newer, Turnkey
- Price Range <$1.6M
4. Buyer #4
- Condo or Single Family in Woodbridge
- 3-4 Bedrooms, 2.5 Baths
- Lake/Water view
- Price Range <$1.5M
|
|
Recent Sales by 
|
|
|
|
|
What's New with ?
|
|
|
Another happy client! I'm truly grateful to not only be doing what I love, but meeting and working with some amazing clients. I'm an avid investor and treat every transaction as if it was my own personal investment. I want the highest sale in the neighborhood, but also want a killer deal when I purchase. I can get you both. Contact me to find out how!
|
|
|
|
