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GOING, GOING, GONE!
When a record low number of available homes is matched with fierce pent-up demand, it results in homes selling immediately and more than their asking prices. To give you an example, on one recent listing, I received 15+ offers (with 10 offers already 150K+ above asking price) in 2 days. When demand outstrips the supply, we are in an outrageous, red-hot housing market where buyers are pit against each other creating survival of the fittest.
BUYERS: DO NOT WAIT! The active listing inventory increased by 190 homes in the past couple of weeks, up 18%, and now sits at 1,270 homes! It is the largest increase for this time of year since 2006. Now is still the ideal time to start looking for a home. Once Spring and Summer hits, there will be a predominately higher number of buyers, and prices will be even higher. Rates are also dramatically climbing from December of last year at 3.05% to 3.55% now.
SELLERS: IT'S AN AMAZING TIME TO SELL! Although inventory has risen slightly to 1,270 homes, that is still far from normal. The 3-year average prior to the pandemic was 4,843 homes, nearly quadruple more! There are simply not enough homes available to match demand. With today's limited inventory and a world of buyers looking to purchase, now is the time to sell with record high prices!
Included below is your 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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October 2021 - January 2022
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January 2021 - January 2022 (12-Month Lookback)
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Market Action Index
Comparison rate of sales versus inventory
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While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
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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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145 Briar Rose, Irvine - Offered At $998,000
3 Bedroom | 3 Bath | 1,529 SqFt
Open House Sat Feb 26th & Sun Feb 27th 1-4pm
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Gorgeous Model-Like townhome in the brand new community of Indigo in Portola Springs. Built in 2017, this hardly lived in home features 3 bedrooms, 3 baths, an open floor plan, and lots of upgrades. Enter through the formal foyer and you will be greeted by a LARGE and BRIGHT GREAT ROOM with high ceilings, recessed lighting, grey luxury vinyl flooring, and large windows overlooking the lush green belt in front of the home. MASTER SUITE promises to pamper you in spa-like luxury! Entertain in the PRIVATE SERENE COURTYARD! This home is a rare opportunity at this price and will go quick!
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22 Blakeley, Irvine - Offered At $1,450,000
4 Bedroom | 2.5 Bath | 2,411 SqFt | 5,900 SqFt Lot
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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. NO HOA and NO MELLO ROOS! This home is a rare opportunity at this price and will go quick!
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Coming Soon Listings by
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83 Modesto, Irvine - Offered At $1,198,000
4 Bedroom | 2.5 Bath | 1,810 SqFt
Open House Sat Mar 5th & Sun Mar 6th 1-4pm
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Charming Detached Townhome in the highly sought after 24-hr GUARD GATED community of San Simeon in Northpark! Highly desired PREMIUM CORNER LOT with one of the LARGEST YARDS in the area! Enter through the gated private entryway to the formal foyer and you will be greeted by a LARGE and BRIGHT GREAT ROOM with large windows and highly upgraded features. The Gourmet Kitchen features granite countertops, wood shaker cabinets, stainless steel appliances, and walk-in pantry. Convenient MAIN FLOOR DEN/BEDROOM and half bath! Upstairs you will be greeted with a well appointed MASTER SUITE that promises to pamper you in spa-like luxury! Entertain in the OVERSIZED PRIVATE SERENE BACKYARD, professionally landscaped with stone pavers. LOW MELLO ROOS. Do not miss out on this Hidden Jewel!
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12 Carpenteria, Irvine - Price Upon Request
4 Bedroom | 3 Bathrooms | 2,405 SqFt | 4,462 SqFt Lot
Open House Sat Mar 26th & Sun Mar 27th 1-4pm
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Stunning Model-Like Home in the highly sought after 24-hr GUARD GATED community of Northpark! Located near the end of a quiet cul-de-sac, this home has been immaculately upgraded! Fall in love with the OPEN FLOORPLAN, high ceilings, light wood flooring, and wall of windows adorning the large living and dining room. The recently remodeled CHEF'S KITCHEN is breathtaking, including Professional Grade Wolf appliances, Sub-Zero refrigerator, large waterfall kitchen island, and designer herringbone backsplash. You will love the downstairs bedroom and full bath! Escape upstairs to find 3 bedrooms including a Luxurious and Expansive Spa-Like Master Retreat. Stacked sliding doors open the entire wall to the PRIVATE ENTERTAINERS BACKYARD, complete with a new custom pergola, built-in BBQ island and your very own SPA! LOW HOA and LOW MELLO ROOS!
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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...Smile Bright with Dr. Troung!
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Hello! My name is Dr. Peter Truong and I’m a Board-Certified orthodontist in Irvine, CA at Mint Orthodontics. I received my Bachelors at UC Irvine before attending UCLA Dental School and completing my residency in Orthodontics at Texas A&M. I had the privilege of returning to Irvine to serve the community of my alma mater and have transformed thousands of beautiful, healthy smiles that you have seen around town. Check out my Tiktok channel called TheBracesDoc, I have amassed over 1.2 million followers thus far!
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Mint Orthodontics is a specialty practice that has been focused on braces, Invisalign, and dentofacial orthopedics for patients of all ages since 2010. We know what a significant difference a beautiful smile can make on one’s health and self esteem. That is why we are dedicated to giving each of our patients the perfect smile that they deserve.
I would love the opportunity to help you achieve the smile you have always wanted. Contact our office to schedule a complimentary consultation today!
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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 Irvine (Built in 2001+)
- 4+ Bedrooms, 3+ Baths (Need Downstairs Bedroom)
- 2,500+ Sq Ft, 4,000+ Sq Ft Lot Size
- Price Range <$2M
2. Buyer #2
- Condo in Woodbridge inside Loop
- 2+ Bedrooms, 2+ Baths, 2 Car Garage
- Price Range <$950K
3. Buyer #3
- Single Family in Quail Hill, Tustin Ranch, Laguna Niguel
- 3+ Bedrooms, 3+ Baths
- 2,800+ Sq Ft / High Ceilings / View Lot
- Price Range <$3M
4. Buyer #4
- Single Family in Irvine
- 4+ Bedrooms, 2+ Baths, Prefer Loft
- 2,200+ Sq Ft
- Price Range <$1.7M
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What's New with ?
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Coldwell Banker Realty's Top 1% of Agents worldwide! So honored to be acknowledged! When you love what you do, the rest comes easy! Thanks to all my amazing clients for the support. I would be excited to represent you in your next real estate transaction!
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