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Irvine Real Estate Market Update | July 2024

Why Now is the Perfect Time to Buy or Sell in Irvine, California

If you’ve been thinking about buying or selling a home in Irvine, California, there’s never been a better time to act! The real estate market in Irvine is sizzling hot, with trends that favor both buyers and sellers. Whether you're looking to invest in a new property or sell your current one for top dollar, the current market conditions are working in your favor.

1. The Market is Moving Fast! 🏡

One of the most exciting trends in Irvine right now is the incredibly quick pace at which homes are selling. The median days on market is just 11 days! That means homes are being snapped up almost as soon as they hit the market. With a list to sold price percentage of 101.6%, sellers are not only finding buyers quickly but also getting above asking price in many cases. For buyers, this means you need to be ready to act fast when you find the right property.

2. Inventory is Increasing 📈

Another key trend to note is the increase in inventory. Currently, Irvine has 2.21 months of inventory, which is a 46.36% increase over the last 12 months. This increase in available homes gives buyers more options to choose from while maintaining a competitive environment that continues to benefit sellers. This balanced market creates opportunities for both sides to make smart, timely decisions.

3. Top Dollar for Sellers 💰

For those considering selling their home, Irvine’s market is delivering impressive returns. The median sold price in Irvine is currently $1,580,000, with homes selling for 101.6% of their list price. These numbers are a clear indicator that sellers can expect to receive excellent offers, often above their asking price. If you’re looking to maximize the return on your investment, now is the time to sell!

4. Don’t Miss Out! 🏠

Whether you’re buying or selling, the key takeaway is that now is the time to act. With homes selling in just 11 days, this bustling market isn’t slowing down anytime soon. If you’re a buyer, being prepared to move quickly is crucial. For sellers, the current conditions provide an ideal opportunity to sell your home quickly and at a great price.

Ready to Make Your Move?

If you’re ready to take advantage of these incredible market trends, I’m here to help you navigate the process. From finding the perfect home to ensuring your property sells for top dollar, I’ve got you covered. Contact me today to get started on your journey toward real estate success in Irvine!

 

🤔  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

https://calendly.com/louisdigonzini/invest


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! 

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