Irvine Market Update - February 🏡

HOUSING MARKET HEATS UP! After a slow start to the year, the Orange County housing market is picking up speed with rising demand and a significant drop in market time. The early-year lull is over, and competition is growing fast. Buyers and sellers should be prepared for an increasingly active market ahead.

ATTENTION BUYERS! The housing inventory has started to rise, giving buyers more options. However well-priced, move-in-ready homes are still selling quickly—often with multiple offers. Navigating the market now means less competition than in Spring peak season, increasing your chances of securing a home at a better price with favorable terms. Don’t wait until demand surges even further!

ATTENTION SELLERS! Buyer demand has jumped 36% in just two weeks—the biggest increase in a year. With more buyers returning to the market, well-priced homes are selling quickly and often receiving multiple offers. Listing now allows you to capitalize on this momentum before seller competition increases in the Spring. Overall inventory remains low, increasing your chances of a record high sale.

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

November 2024 - February 2025 (4-Month Look Back)

January 2024 - January 2025 (12-Month Look Back)

Market Action Index (MAI)
Comparison rate of sales versus inventory

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.

16 Mineral King - Offered At $1,798,000
4 Bedroom | 2.5 Bath | 2,474 SqFt Living
On Market - February 19th
Open House - Sat (2/22) & Sun (2/23) 1-4 PM
Buyer Agent Commission: 2%*

Nestled in the highly sought-after, 24-hour guard-gated Evergreen community in Northpark, this Charming Home sits on a Premium Lot surrounded by Double Green Belts, offering unmatched privacy and walking distance to Hicks Canyon Elementary. The Open Floorplan features soaring ceilings, hardwood flooring, crown molding, and plantation shutters. The formal Living Room can be used as an office or bedroom, and the spacious Great Room includes a fireplace, custom media built-ins, and natural light. The Chef’s Kitchen offers granite countertops, stainless steel appliances, and a large island. The Private Backyard oasis has a stone wall with a cascading waterfall. Upstairs, the luxurious Primary Suite has a newly upgraded bathroom and a separate retreat. Additional features include 3 additional spacious bedrooms, a two-car garage with storage, and access to award-winning schools and community amenities, such as tennis courts, pools, and parks. Low Mello Roos!

* Buyer’s Brokerage Compensation is not binding unless confirmed by a separate agreement among the applicable parties.

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