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Newsflash! The number of homes available to purchase is finally starting to rise, up 8% within the last couple weeks, which is the largest increase of the year. We will continue to see this trend throughout the Summer. However with Summer vacations and Covid protocols being lifted, buyers are more distracted and we see demand decreasing by 5% in the past couple weeks.
With inventory rising and demand decreasing, we see the expected "Days on Market" increasing to 25 days (from 22 days) which still signals an insanely Hot Sellers Market. Sellers get to call the shots during negotiation, multiple offers are the norm, and home values are rising rapidly.
Sellers: Do not delay! With inventory starting to rise, there is more competition on the market. Demand will slowly decrease after the Summer as we move into the Fall and Winter Markets. Now is the time to sell!
Buyers: Inventory is finally increasing and mortgage rates are still low! Competition is still fierce, but I can get your offer accepted. Contact me to find out how.
Included below is your 60-day and 12-month Irvine 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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April - June 2021 (60-day Lookback)
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May 2020 - May 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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Listings by 
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Coming Soon
19181 Mesa Drive - Offered At $1,595,000
4 Bedroom | 2 Bath | 2,692 Sq Ft | 20,311 Sq Ft Lot
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BREATHTAKING PANORAMIC VIEWS!! You will love the stunning mountain and sunset views from this home! Gorgeous RARE SINGLE LEVEL RANCH HOME in the Rolling Hills of Villa Park. Sitting on a 20,000 square feet lot, this home features 4 bedrooms, 2 baths, a Home Office complete with built-ins, an oversized Bonus Room, and over 200K in Upgrades. First Showing, Saturday July 3rd. Book your appointment today!
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Active Listing
18 Shadybend - Offered At $2,250,000
4 Bedroom | 3.5 Bath | 4,191 Sq Ft
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Gorgeous Tuscan estate home located behind the guard-gates of the The Groves in the luxury community of Orchard Hills! Owners spared no expense pouring in over 200K in prime UPGRADES and landscaping! Premium lot with NO HOMES behind or in front. As you enter the formal foyer, you will be greeted by the spectacular OPEN FLOORPLAN with soaring ceilings, rich wood flooring and dramatic beams adorning the formal dining and living area.
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Recent Sales by
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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
- 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, 2.5+ Baths
- Minimum 2,000 Sq Ft
- Price Range <$1.1M
4. Buyer #4
- Condo or Single Family in Woodbridge
- 2+ Bedrooms, 2+ Baths
- Price Range <$900K
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What's New with ?
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Hope all the Dads out there had an amazing Father's Day! We had a relaxing day of brunch and pool. Thanks to all the Dads
for all that you do!
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