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THE SKY: NOT FALLING
Many are jumping to extreme conclusions about the impact of higher interest rates, high inflation, and a potential recession on the housing market. While the market is slowing, it is gradually evolving from its out of control, insane pace, to a normal seller's market where pricing will be fundamental in finding success. The sky is NOT falling. Today's housing market has an extremely strong foundation with years of tight lending qualifications, large down payments, fixed rate mortgages, plenty of nested equity, and limited cash-out refinances.
BUYERS: STEADY AS SHE GOES! With swiftly rising mortgage rates so far this year, demand has slowed after reaching a peak on March 31st. Demand is now 30% lower than last year at this time, but it is not going to plunge from here. There are still plenty of buyers looking to purchase at these higher rates.
SELLERS: STILL A SELLERS MARKET! It will remain a Seller's Market this year, but it will take longer for sellers to find success, especially as the year progresses. The expected market time has risen from 20 days on market from March to an average of 37 days today, a two-week increase, which is still considered a hot market. The sky is not falling. Instead, housing is in the midst of transitioning from an insane, unhealthy velocity to a much more normal, methodical pace.
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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January 2022 - April 2022
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April 2021 - April 2022 (12-Month Lookback)
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Market Action Index (MAI)
Comparison rate of sales versus inventory
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The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
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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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116 Nature Walk, Irvine - Offered At $1,180,000
3 Bedroom | 3.5 Bath | 1,778 SqFt Living
Showings By Appointment Only
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Gorgeous condo in the brand new community of Indigo in Portola Springs. Built in 2017, this is the largest floorplan in the Indigo community featuring 3 bedrooms + LOFT, 3.5 baths, an open floorplan, balcony, and large outdoor courtyard. This home is only attached at the garage for ultimate privacy. Green features include Electronic Vehicle Charging station in the garage and tankless water heater. Zoned for award-winning Irvine Unified schools. Prime location!! Walking distance to HOA amenities including tennis courts, Olympic-sized pool, and parks.
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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 Saturday, May 28th 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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12621 Washington Pl #303, Los Angeles - Offered At $799,000
2 Bedroom | 2 Bath | 1,053 SqFt Living
Open House Sat May 28th & Sun May 29th 1-4pm
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Luxury Prime Corner unit PENTHOUSE condo in the highly sought after community of Mar Vista. Walking distance to several cafes, boutique shops, restaurants, and only 2 miles to Venice Beach! Spectacular OPEN FLOORPLAN with SOARING 12' CEILINGS and large windows with gorgeous views of the city lights. You will love the DUAL MASTER SUITES! Prime Penthouse level CORNER UNIT only shares 1 wall. Only minutes to Marina Del Ray! This is a rare gem that hardly comes on the market!
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Coming Soon Listings by
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29 Mapleton, Irvine - Offered At $2,499,000
4 Bedroom | 4.5 Bath | 3,174 SqFt Living | 5,479 SqFt Lot
Open House Sat June 11th & Sun June 12th 12-3pm
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Gorgeous family home in the highly sought after community of Woodbury! Located on a single loaded street with no homes in front of you, this home has everything you've been looking for, including 4 Bedrooms + LOFT, 4.5 Baths, Main Floor Bedroom and Full Bath, all on a ~5,500 SQ FT LOT! You will love the gorgeous views from the formal dining room with sliding doors that open to the California Room and lush backyard for contemporary INDOOR/OUTDOOR ENTERTAINING. Low HOA! Access to all Woodbury amenities including seven pools, heated spas, 16 parks, sport courts, and playgrounds. Walking distance to award-winning Woodbury Elementary School and minutes to Woodbury Town Center.
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36 Olivehurst, Irvine - Offered At $1,198,000
3 Bedroom | 2.5 Bath | 1,592 SqFt Living
Open House Sat June 18th & Sun June 19th 1-4pm
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Charming Detached Condo in the highly sought after 24-hr GUARD GATED community of San Simeon in Northpark! Highly desired PREMIUM LOT on a single loaded street with no homes in front and one of the larger yards in the San Simeon community. GREEN features include 18 OWNED Solar Panels, Solar Battery Pack, and dual-zone thermostats. Entertain in the PRIVATE SERENE BACKYARD, professionally landscaped with a patio trellis, water fountain, lighting, and lush trees and plants. Zoned for award-winning schools, including California Distinguished Beckman High and Orchard Hills School. Prime location!! Walking distance to HOA amenities including tennis courts, Olympic-sized pool, and parks. LOW MELLO ROOS. Do not miss out on this Hidden Jewel!
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669 Center Crest Dr, Redlands - Offered At $849,000
4 Bedroom | 2 Bath | 1,920 SqFt Living | 15,500 SqFt Lot
Open House Sat June 25th & Sun June 26th 1-4pm
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Stunning single ranch style home perched up on a hillside with gorgeous mountain views! Pride of ownership on this home! Nicely upgraded with attention to detail throughout the home. Enjoy the huge lot, hot summer days relaxing and entertaining poolside! The city is bustling with new restaurants, shops, and more!
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65 Derby, Irvine - Offered At $2,600,000
4 Bedroom | 4.5 Bath | 3,239 SqFt Living | 4,273 SqFt Lot
Open House To Be Announced - Estimated Late Summer
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Gorgeous CORNER LOT home in the highly sought after community of Padova in The Groves in Orchard Hills! Just built in 2018 and hardly lived in, this home features high ceilings, open floorplan, MAIN FLOOR BEDROOM AND BATH, huge loft, and all bedrooms have their own En Suite Bathrooms. Don't miss this opportunity! More details to come!
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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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Hope everyone had a great Mother's Day! We had a great staycation up in LA and enjoyed the Santa Monica Pier and food. It was so nice to get away even just for the weekend!
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