🏡 Attention Buyers and Sellers in Irvine, California! 🌴 📅 August 2023 Market Update 📈 🏠 Name and Title: Andres Morales, REALTOR® 🏢 Company: Bonaventure Realtors 📊 Let's dive into the latest market trends and give you the inside scoop on what's happening in Irvine. Here are some key insights that you need to know: 1️⃣ Inventory Update: Currently, there is only a 1.2 Months Supply of Inventory in Irvine. That means we have a highly competitive market where homes are selling fast! 🏃♂️ 2️⃣ Supply and Demand: Over the last 12 months, we've seen a significant decrease in the Months Supply of Inventory, with a staggering -45.95% change. This indicates a high demand for housing in our city! 📉 3️⃣ Pricing Power: The List to Sold Price percentage stands at an impressive 101.5%. Sellers have the upper hand in negotiations, as homes are selling for over the asking price. 💰 4️⃣ Quick Sales: The median days on market is just 10 days. Yes, you read that right! Homes are selling at lightning speed, so be prepared to act swiftly if you're a buyer. ⚡ 5️⃣ Median Sold Price: The median sold price currently sits at a robust $1,425,000. This shows the strong value and desirability of properties in Irvine. 💵 💡 Whether you're looking to buy or sell, it's crucial to stay informed about the market trends. As your trusted REALTOR®, I'm here to guide you every step of the way and help you make the best decisions. 📲 Contact me, Andres Morales at Bonaventure Realtors, to discuss your real estate goals and navigate this dynamic market with confidence. Let's make your dreams a reality! 🌟 #IrvineRealEstate #MarketUpdate #irvine #irvineca #BonaventureRealtors #AndresMoralesRealtor #BuyersAndSellers #RealEstateExpert #irvinecalifornia Music: Ice Tea Musician: Not The King Andres Morales, 🇺🇸US NAVY Veteran, Lic# 1343492, with Bonaventure Realtors. NMLS #300240 with American Home Loan Center, Direct 949-306-9260.