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HIGHER RATES DAMPEN DEMAND
With higher interest rates, demand is down 34% with homes taking longer to sell. As a result, inventory has more than tripled so far in 2022, growing from 965 homes at the start of the year to 3,059 today. The Expected Market Time (the amount of time to open escrow) has increased from 20 days to 45 days. It is still a Hot Seller’s Market (less than 60-days), just not at an insane, instantaneous pace.
BUYERS: MORE HOMES TO CHOOSE FROM! Do not mistaken a slower market as a Buyer’s Market. It is still a Seller’s Market. Buyers looking to negotiate should consider homes that have been sitting on the market for a while. For those homes that are priced right and are move-in ready, they will still sell quickly.
SELLERS: PRICE ACCORDING TO THE NEW MARKET! Take into consideration that the market has changed and pricing is key. 36% of all current active listings have been on the market for at least one month.
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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May 2021 - May 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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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36 Keepsake, Irvine - Offered At $1,450,000
4 Bedroom | 3 Bath | 2,095 SqFt Living
Open House Saturday June 25th & June 26th 1-4pm
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Gorgeous DETACHED condo located in the beautiful community of Primrose in Portola Springs. Enter through the formal foyer and you will be greeted by a LARGE and BRIGHT GREAT ROOM with high ceilings, recessed lighting, crown moldings, travertine tile flooring, and large windows overlooking your courtyard. The Gourmet Kitchen features upgraded cabinetry, Granite countertops, large kitchen island, stainless steel appliances, and a walk-in pantry. The kitchen island overlooks the Dining and Great Room with sliding doors to the oversized yard for INDOOR/OUTDOOR ENTERTAINING. Convenient MAIN FLOOR bedroom and FULL BATH for guests! Entertain in the PRIVATE SERENE COURTYARD with your own built-in BBQ, waterfall, and pergola.
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36 Olivehurst, Irvine - Offered At $1,198,000
3 Bedroom | 2.5 Bath | 1,592 SqFt Living | 3,184 SqFt Lot
Open House Saturday June 25th & June 26th 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 community. High ceilings, lots of natural light, and beautiful upgrades! 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.
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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 June 25th & June 26th 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
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Luxury 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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669 Center Crest Dr, Redlands - Offered At $799,000
4 Bedroom | 2 Bath | 1,920 SqFt Living | 15,500 SqFt Lot
Open House Sat July 9th & Sun July 10th 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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What's New with ?
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Hope everyone had a great Father's Day! We had a great vacation in Kauai this month! Such a beautiful island! We got to enjoy tubing, kayaking, a luau, and more! And the food was amazing! Very small island, yet truly a magical place! My kids had a blast!
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