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HOUSING SLOWING
Trends have emerged that the Orange County housing market is starting to cool. The current active inventory has increased by 60% since mid-January, from 1,080 to 1,732, up 652 homes. With the dramatic rise in mortgage rates from 3.25% at the start of the year to 5.25% today, the change has stalled home sales a bit within the past several weeks.
BUYERS: SLIGHTLY LESS COMPETITION! Even though there is a slight cooling trend on the horizon, the market is still insanely hot! Careful pricing and negotiating is becoming an essential ingredient to successful sales. Homes that are priced well and in good condition will fly off the market. Homes that are overpriced, in poor condition, or have an inferior location will accumulate on the market, allowing buyers a chance to buy a home at or lower than list price.
SELLERS: STILL HOT ON THE SELL SIDE! While there are definitely cracks in the Orange County's pandemic induced housing run, the market is still an insanely Hot Seller's Market. With the supply surging higher and demand dropping, the Expected Market Time decreased from 20 to 23 days. At 23 days, it still remains an insane, Hot Seller's Market where there are a ton of showings, sellers get to call the shots during the negotiation process, and multiple offers are the norm.
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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December 2021 - March 2022
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March 2021 - March 2022 (12-Month Lookback)
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Market Action Index
Comparison rate of sales versus inventory
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Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
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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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2532 San Saba, Tustin Ranch - Offered At $1,299,000
3 Bedroom | 2.5 Bath | 2,242 SqFt Living | 3,375 SqFt Lot
Open House Sat Apr 30th & Sun May 1st from 1-4pm
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Gorgeous home in the highly sought after community of Estrella in Tustin Ranch! This home has everything you've been looking for, including 3 Bedrooms + Den + Oversized Bonus Room, all on a Premium Lot with no neighbors behind! Low HOA and Low Mellos Roos! Walking distance to Tustin Ranch Elementary and minutes to Tustin Marketplace which includes Target, Costco, and many dining options! Zoned for award winning Tustin Unified Schools including Beckman High.
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147 Augustine, Irvine - Offered At $1,450,000
3 Bedroom | 2.5 Bath | 1,849 SqFt Living | ~3,500 SqFt Lot
Open House Sat Apr 30th & Sun May 1st from 1-4pm
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| Gorgeous End Unit Townhome in the highly sought after community of Tristania in Cypress Village! Highly desired PREMIUM LOT with one of the LARGEST YARDS in the Tristania community. As you enter the formal foyer, you will be greeted by the spectacular OPEN FLOORPLAN with high ceilings, luxury vinyl flooring, plantation shutters, and wall of windows adorning the living area. Walking distance to HOA amenities including Olympic-sized pool, clubhouse, and parks. Zoned for Award Winning Irvine Unified Schools. |
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Coming Soon Listings by
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1 Deerhollow, Irvine - Offered At $2,200,000
5 Bedroom | 3.5 Bath | 3,097 SqFt Living | 7,126 SqFt Lot
Open House Sat May 14th & Sun May 15th 1-4pm
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Stunning Entertainer's Home in the highly sought after GUARD GATED community of Trailwood in Northwood Pointe! This home features 5 Bedrooms + Loft, Main Floor Bedroom and Full Bath, 3-Car Garage, Gorgeous Entertainer's Backyard complete with your own private pool, spa, and fireplace, all on a 7,100+ SQ FT LOT, and located in a Cul-De-Sac! NO MELLOS ROOS! Zoned for award winning Irvine Schools. This is a rare gem that hardly comes on the market!
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In Escrow by
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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
- 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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We just finished our pool in our backyard and it's been a game changer! The kids have been having a blast with their snorkel equipment, pool floaties and toys. Looking forward to Summer evenings in the backyard!
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