LEANNE BOMAN
1400 Newport Center Drive Newport Beach, CA 92660
REALTOR® DRE# 01456237
REAL ESTATE MARKET REPORT • JULY 2022
Irvine Terrace
949.887.9871
LeanneBoman@gmail.com www.HomesInIrvineTerrace.com
WWW.LEANNEBOMAN.COM
Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | © 2022
WHAT A
READJUSTING MARKET
MEANS FOR YOU
Headlines report current market conditions that may leave you with more questions than answers. The past two years were record-breaking in nearly every way. Record-low mortgage rates, an influx of buyers, sellers waiting to list, and years of under-building created the most unique market.
This combination led to record-high demand and record-low supply, but wouldn’t be sustainable long term. Leonardo and Angelica, The real estate market is changing – if you’ve thought about making a change and moving into your next dream home, call me today at 949.887.9871. Let’s discuss your options!
HOME SHOWINGS 2019 gave a good baseline of pre-pandemic levels. Showings skyrocketed during the pandemic, and while current demand has begun to moderate slightly, showings are still above 2019 and 2020 levels.
EXISTING HOME SALES Perspective is everything! While headlines are talking about sales declining, the market is on pace to close this year with more sales than 2019 and surpassing 2020.
THE EXPERTS SAY IT BEST “Today’s housing market looks a lot like the 2019 housing market, which was the strongest housing market in a decade at the time.” —First American
THE MARKET ISN’T CRASHING IT’S A TURNING POINT THAT’S MOVING BACK TOWARD MORE PRE-PANDEMIC LEVELS.
Presented by Leanne Boman Your Irvine Terrace Real Estate Specialist and Neighbor
PREPARED ESPECIALLY FOR
Leonardo and Angelica Washington
LEANNE BOMAN
Irvine Terrace
REALTOR® DRE# 01456237
949.887.9871
LeanneBoman@gmail.com www.HomesInIrvineTerrace.com
CURRENT MARKET ACTIVITY
Leonardo and Angelica, If you would like your home featured in this publication and mailed to the Irvine Terrace neighborhood, please call me today at 949.887.9871.
IRVINE TERRACE HOMES CURRENTLY ACTIVE NO.
BEDS
TOTAL BATHS
EST. SQ. FT.*
LOT SIZE SQ. FT.
LIST PRICE**
1
ADDRESS 1437 Serenade Terrace
4
3
3,300
7,384
$6,995,000
2
2001 Kewamee Drive
4
4
4,300
9,000
$8,995,000
3
2001 Sabrina Terrace
4
5
6,300
11,200
$12,500,000
4
1523 Dolphin Terrace
3
3
3,200
11,900
$16,800,000
IRVINE TERRACE HOMES CURRENTLY PENDING There are no Irvine Terrace home currently pending. For more information, call me at 949.887.9871.
Active
Pending
© GOOGLE 2022
www.HomesInIrvineTerrace.com
Experience Success Working With Leanne: Leanne has been the Realtor in three real estate transactions with me in the last three years. Simply stated: she is the best. Her service was first class from the first call to long after the closing. She helped me months later with issues regarding the HOA, set up the cleaning of my new home after the construction, referred me to other service providers, etc. She truly cares about her clients and their satisfaction. She is a model of what a Realtor should be. I enthusiastically recommend her.
- Mark M.
IRVINE TERRACE HOMES RECENTLY SOLD
Sold
A visual representation of the data on the right.
NO.
BEDS
TOTAL BATHS
DOM
EST. SQ. FT.*
LOT SIZE SQ. FT.
PRICE PER SQ. FT.
SELLING PRICE**
5
ADDRESS 1424 Serenade Terrace
3
3
70
2,900
7,590
$1,378
$3,995,000
6
1319 Bonnie Doone Terrace
4
4
132
2,800
7,245
$1,470
$4,050,000
7
1915 Chubasco Drive
4
5
72
4,400
10,536
$1,056
$4,600,000
8
1810 Tahuna Terrace
4
5
63
4,300
11,798
$1,344
$5,825,000
9
2007 Seadrift Drive
5
7
0
3,700
11,210
$1,707
$6,300,000
10
2027 Altura Drive
4
3
45
3,700
9,384
$1,910
$6,995,000
11
1809 Seadrift Drive
4
5
172
5,800
10,580
$1,440
$8,350,000
12
1806 Marapata Drive
4
6
0
5,600
10,551
$1,541
$8,700,000
13
1301 Dolphin Terrace
5
9
143
11,000
15,840
$1,771
$19,500,000
Leanne Boman, Leanne Boman Real Estate Group, and Berkshire Hathaway HomeServices California Properties are not in any way affiliated with Irvine Terrace Homeowners Association, nor is this in any way an official advertisement or publication of Irvine Terrace. This representation is based on sales and data reported by multiple brokers/agents to the CRMLS as of June 7th, 2022. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Listings and sales may not be those of Berkshire Hathaway HomeServices California Properties. ©2022 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered services marks of HomeServices of America, Inc.® Equal Housing Opportunity. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Rounded to the nearest 100. **Rounded to the nearest 1,000. 1. Jon Dishon/Arbor Real Estate 2. Joshua Altman/Douglas Elliman Of California, Inc. 3. Lori Michelle Marks/Douglas Elliman 4. Robert Giem/Compass 5. Brian Johnson/Coldwell Banker Realty 6. Mark Taylor/Compass 7. Nancy Barfield/Villa Real Estate 8. Tim Smith/Coldwell Banker Realty 9. Melanie Greiner/Re/Max One 10. Ron Millar/Arbor Real Estate 11. Tim Smith/Coldwell Banker Realty 12. Janelle File/Compass 13. Jason Oppenheim/The Oppenheim Group