Below is a look at how the numbers worked so far this year and for the month of June.
Detached Home Sales:
- The average price of a detached home year to date is up 8.5% for the year and currently is $1.277,730.
- Currently there are 3.8 months of Inventory available to home buyers and that is down 12% from June 2016.
- Average time it took to sell an Irvine home is 45 days.
Attached Home Sales:
- The average price of a detached home year to date is up 5.2% for the year and at $636,439
- Currently there are 2.6 months of Inventory available to home buyers and that is down 12% from June 2016
- Average time it takes to sell an Irvine home is 45 days.
As you can see inventory is the driving factor, with buyer demand very strong. Historically in July we see a shift in the market as summer distractions take hold, so homes priced above the market offer buyers a chance for negotiations. Homes currently Homes priced right, presented well and available are selling quickly.
Available Irvine Homes
It's also important to note, homes priced below the average price of $1.2 million are HOT, HOT, HOT! If you are considering a move, don't hesitate to give our team a call.
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