Irvine Real Estate Market Update: August 2024
If you’re a home buyer, seller, or real estate agent in Irvine, California, it’s crucial to stay informed about the latest market trends. As of now, the Irvine housing market is experiencing dynamic changes, making this a prime opportunity to buy or sell a home. Here’s what you need to know:
Current Market Snapshot
• Months of Inventory: There is currently 2.61 months of inventory, a significant increase of +59.15% over the last 12 months. This uptick gives buyers more options while still maintaining a competitive market for sellers.
• List to Sold Price Percentage: Homes in Irvine are selling for 99.4% of the asking price, demonstrating strong buyer demand and well-priced listings.
• Median Sold Price: The median sold price for homes is $2,279,000, showing that Irvine remains a desirable and premium market for real estate investments.
• Median Days on Market: Homes are moving quickly, with a median of just 14 days on the market. This indicates that well-positioned properties are selling fast.
What Does This Mean for You?
• For Buyers: Increased inventory means more options for finding your dream home. However, with homes still selling close to asking prices and moving fast, now is the time to act quickly.
• For Sellers: With the List to Sold Price ratio near 100%, sellers can expect to get top dollar for their homes in a timely manner. The market’s low inventory continues to create a strong demand for properties.
• For Real Estate Agents: Now is the perfect time to guide your clients through this thriving market. Highlighting the low inventory and fast-moving properties will encourage both buyers and sellers to make decisive moves.
Whether you’re looking to buy, sell, or invest in Irvine real estate, the current market conditions provide a golden opportunity. Don’t miss out on these favorable trends. Contact me today to discuss your real estate goals and how we can make the most of this market!
📞 Contact me today to discuss your real estate goals and take advantage of the current market conditions.
Louis DiGonzini
📱 Call or Text: (949)-922-8420
📧 Email: Ldigonzini@thedigonzinigroup.com
📅 Schedule a Consultation: https://calendly.com/louisdigonzini/invest
🤔 Thinking About Moving to Orange County CA 🏖️
🤝 Let Us Help 🤝
Louis DiGonzini - Orange County Real Estate Expert
📱 Call or Text: (949)-922-8420
📨 Email: Ldigonzini@thedigonzinigroup.com
Don't miss your chance to explore the perfect property or get expert advice on your next real estate venture. Contact Louis DiGonzini today for a personalized consultation that aligns with your unique aspirations.
📞 Call Now: 949-922-8420
📧 Email: Ldigonzini@thedigonzinigroup.com
DRE #01502775
Take the first step towards making your real estate dreams a reality with Louis DiGonzini, your trusted advisor in the journey ahead. Reach out today!
Blog Disclaimer:
Please be advised that I am not a Certified Public Accountant (CPA), attorney, or lawmaker. The content provided on this blog, including all text, images, and other materials, is for informational purposes only and reflects my personal opinions formed through research.
The information shared on this blog should not be considered legal, financial, or professional advice. It is highly recommended that readers consult with a qualified professional, such as a CPA, attorney, or relevant expert, for specific advice tailored to their situation.
While I strive to provide accurate and up-to-date information, I cannot guarantee the completeness, reliability, or accuracy of the content presented on this blog. The use or reliance on any information contained on this site is strictly at your own risk.
Thank you for visiting and reading. Your understanding is appreciated.