An interesting thing has happened in the past few months. The months of remaining inventory has dropped considerably in Orange County. That means less homes coming on the market and more sales are closing.
Good luck with your search for a home in Irvine! If I can be of further assistance, please don't hesitate to contact me directly.
Real Estate Broker & Lawyer
The Orange County Register reports that Orange County has seen its worst home price losses since 1996. You can read the article in the link attached below.
3 out of the 8 Irvine zip codes saw median price increases - those were 92606, 92612, 92614. All others showed varying levels of decline. Please also note that median price is not a great gage of market health as a slow down in lower price home sales coupled with consistent sales in higher price ranges can drive the median higher even as the market for most homes is deteriorating.
In Orange county YTD-Aug., home sales are down 43% . The home prices are flat to up slightly. However, remember that if we were to subtract all of the costal homes in Orange County from these numbers the home values are down over this time last year.
Call Helga Heyda at (949) 861-8000 at Keller Williams of Irvine. Just let her know I ask you to call her and she will help you with all your questions.