Irvine Real Estate Market Update - June 2024
Attention Buyers and Sellers in Irvine, California! As a local expert, I want to share with you the latest market trends data for June 2024. Irvine’s real estate market continues to show strength and competitiveness, offering significant insights for both buyers and sellers.
Inventory and Supply
Currently, there is a 1.75 months of inventory in Irvine. This figure represents a significant +21.53% increase over the last 12 months. A low of inventory often leads to a competitive market environment, with homes selling quickly and often at or above the asking price.
Pricing and Sale Dynamics
The List to Sold Price percentage in Irvine is an impressive 102.7%. This means that, on average, homes are selling for 2.7% above their listing price, highlighting the competitive nature of the market. Additionally, homes are moving fast, with a median days on market of just 9 days. This rapid pace indicates high demand and a quick turnaround for property sales.
Median Sold Price
The median sold price in Irvine is currently $1,710,000. This figure provides a benchmark for the value of homes in the area, reflecting the desirability and strong market conditions in Irvine. Buyers should be prepared for competitive bidding, while sellers can anticipate favorable market conditions to maximize their property’s value.
Expert Guidance for Buyers and Sellers
Navigating a competitive real estate market requires expertise, strategic planning, and timely execution. Whether you are considering buying or selling a home in Irvine, it’s crucial to have a knowledgeable professional by your side.
As your local real estate expert, I am here to provide you with the latest market insights, personalized advice, and comprehensive support to help you achieve your real estate goals. My deep understanding of the Irvine market, combined with a commitment to client satisfaction, ensures that you receive the best possible guidance and results.
If you’re looking to buy or sell in this competitive market, contact me today for expert guidance and support. Let’s work together to navigate the dynamic Irvine real estate market and achieve your real estate aspirations.
Stay informed and ahead of the market trends with my dedicated services. Reach out to me at [Your Contact Information] or visit [Your Website] to learn more about how I can assist you in your real estate journey.
#IrvineRealEstate #MarketTrends #LouisDiGonzini #DiGonziniGroup
This concise update provides a clear picture of the current market conditions in Irvine, empowering both buyers and sellers with essential information. Whether you’re buying or selling, I’m here to help you succeed in Irvine’s dynamic real estate market. Contact me today!
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