Housing Analysis

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CLB_srA said:
Not sure if this is the right thread but is there any data on the active listings YoY in Irvine vs this time last year?
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Not sure where to find last years data off the top of my head, but here’s this years thus far
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Irvine, CA Housing Market: 2025 Home Prices & Trends | Zillow

The average home value in Irvine, CA is $1,615,157, up 11.6% over the past year. Learn more about the Irvine housing market and real estate trends.
www.zillow.com www.zillow.com
 
CLB_srA said:
Not sure if this is the right thread but is there any data on the active listings YoY in Irvine vs this time last year?
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Listings are the highest they've been since 2020 during the depths of the COVID pandemic. April listings are up 114% from a year ago.

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I've been chasing older 3 or 4 bedroom (sub 2k sqft) homes and they're still flying off the shelves. I'm guessing it's mostly high end homes contributing to the dramatic accumulation.
 

Home sellers face an ‘absolutely brutal’ market that’s tilting in buyers’ favor​


Ryan Sparks has been trying to sell his mom’s house in Jupiter, Fla., for the past six months.

The home was paid off, but taxes and utility bills, on top of the homeowners-association fees, were adding up to more than $2,000 a month. Since his mom was not going to move back into the house, he thought he would sell it.

He didn’t expect the market to be this barren. Since he listed the five-bedroom home in November, the lack of interest has prompted him to lower the asking price by $241,000 so far. The home is currently listed at $1.15 million; so far, it has only received one lowball offer of $800,000 that was predicated on a contingency that the buyer be able to sell their current home.

“It was just a ridiculous offer,” Sparks, who works in the healthcare industry, told MarketWatch. He is now deciding whether to sell now and potentially regret it if prices go up in the near future, or sell now and take what he can get before prices go down further.

But he doesn’t want to cut the price any more.

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CLB_srA said:
Ahh yes this is percisely what I was looking for, do you happen to have a link to get to this view/page!
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It's the Redfin Data Center > Redfin Monthly Housing Market Data

www.redfin.com

Data Center

View and download the latest housing market data from Redfin, including home prices, sales, inventory, new listings, and days on market.
www.redfin.com www.redfin.com

You have to change the parameters yourself to find the information you're looking for, but it's a great tool!

For the chart I posted use:

Region = Irvine, CA

Then click on the Active Listings tab along the top.

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banstick said:
I've been chasing older 3 or 4 bedroom (sub 2k sqft) homes and they're still flying off the shelves. I'm guessing it's mostly high end homes contributing to the dramatic accumulation.
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give it time. eventually the price drop will impact lower end homes. when higher end homes become more affordable, some lower end buyers will try to buy them.
 
Liar Loan said:

Home sellers face an ‘absolutely brutal’ market that’s tilting in buyers’ favor​


Ryan Sparks has been trying to sell his mom’s house in Jupiter, Fla., for the past six months.

The home was paid off, but taxes and utility bills, on top of the homeowners-association fees, were adding up to more than $2,000 a month. Since his mom was not going to move back into the house, he thought he would sell it.

He didn’t expect the market to be this barren. Since he listed the five-bedroom home in November, the lack of interest has prompted him to lower the asking price by $241,000 so far. The home is currently listed at $1.15 million; so far, it has only received one lowball offer of $800,000 that was predicated on a contingency that the buyer be able to sell their current home.

“It was just a ridiculous offer,” Sparks, who works in the healthcare industry, told MarketWatch. He is now deciding whether to sell now and potentially regret it if prices go up in the near future, or sell now and take what he can get before prices go down further.

But he doesn’t want to cut the price any more.

View attachment 10429

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About Jupiter, Florida…they’ll offer a free new Accord with your home purchase. Just a completely different market and demand.
 

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Liar Loan said:
It's the Redfin Data Center > Redfin Monthly Housing Market Data

www.redfin.com

Data Center

View and download the latest housing market data from Redfin, including home prices, sales, inventory, new listings, and days on market.
www.redfin.com www.redfin.com

You have to change the parameters yourself to find the information you're looking for, but it's a great tool!

For the chart I posted use:

Region = Irvine, CA

Then click on the Active Listings tab along the top.

View attachment 10431
Click to expand...
Thank you so much! It looks like we’ve just reached the same levels of All Homes For Sale as we had back in November 2020 — this will be an interesting summer.
 
YMMV said:
Financing is a leverage. When price goes up/down, it benefits/hurts you more than all-cash.
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Leverage is exactly why financed buyers come out ahead. If a home is 1m, if you were to put 10% down it would be 100k. Cash buyer would need 1m. 50% drop means you lose 500k for cash and you only lose 50k for the financed buyer. The financed buyer can use the 900k to invest in other assets. Oh not to mention you have tax benefits too.
 
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