LEANNE BOMAN
1400 Newport Center Drive Newport Beach, CA 92660
REALTOR® DRE# 01456237
REAL ESTATE MARKET REPORT • JUNE 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
THE IMPACT OF
RISING MORTGAGE RATES LEONARDO AND ANGELICA, If you are thinking of selling, now may be the perfect time to act. Listing your home this season means you’ll be in front of serious buyers, which could result in multiple competitive offers. If you are ready to make a move, call me today at 949.887.9871.
R ATE S AR E ON TH E RISE In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up over 5%, and rates are forecast to continue to increase in the year ahead. While that news may have you questioning the timing of selling your home, the market has not slowed down! Rising interest rates may greatly reduce the number of qualified buyers, affecting what your home sells for. However, serious buyers are approaching the rising rates as a motivating factor to buy sooner before rates increase even more.
Presented by Leanne Boman Your Irvine Terrace Real Estate Specialist and Neighbor
WH AT DOE S TH IS ME AN F OR YOU ? Sellers should act fast. Listing your home now provides an excellent stage to highlight your home and capture the steady buyer demand, especially as competition continues to rise. Let’s make your home stand out from the crowd!
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 2001 Sabrina Terrace
4
5
6,300
11,200
$12,500,000
2
1523 Dolphin Terrace
3
3
3,200
11,900
$16,800,000
IRVINE TERRACE HOMES CURRENTLY PENDING NO.
Active
Pending
ADDRESS
Irvine Terrace
AT-A-GLANCE STATISTICS
8
$7,734,000
74
97%
HOMES RECENTLY SOLD
AVERAGE SOLD PRICE
AVERAGE DAYS ON MARKET (SOLDS)
AVERAGE SP/LP
LOT SIZE SQ. FT.
LIST PRICE**
4
4
2,800
7,245
$4,295,000
4
1810 Tahuna Terrace
4
5
4,300
11,798
$6,495,000
IRVINE TERRACE HOMES RECENTLY SOLD NO.
Leonardo and Angelica, If you’re curious about your home’s current value, whether for future sale, estate planning, or any other reason, call me today at 949.887.9871. Let my marketing go to work for you!
EST. SQ. FT.*
1319 Bonnie Doone
© GOOGLE 2022
www.HomesInIrvineTerrace.com
TOTAL BATHS
3
Sold
A visual representation of the data on the right.
BEDS
BEDS
TOTAL BATHS
DOM
EST. SQ. FT.*
LOT SIZE SQ. FT.
PRICE PER SQ. FT.
SELLING PRICE**
5
ADDRESS 1907 Chubasco Drive
2
3
77
2,600
8,814
$1,286
$3,332,000
6
1424 Serenade Terrace
3
3
70
2,900
7,590
$1,378
$3,995,000
7
1915 Chubasco Drive
4
5
72
4,400
10,536
$1,056
$4,600,000
8
521 Angelita Drive
4
6
13
4,400
9,270
$1,440
$6,400,000
9
2027 Altura Drive
4
3
45
3,700
9,384
$1,910
$6,995,000
10
1809 Seadrift Drive
4
5
172
5,800
10,580
$1,440
$8,350,000
11
1806 Marapata Drive
4
6
0
5,600
10,551
$1,541
$8,700,000
12
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. Lori Michelle Marks/Douglas Elliman 2. Robert Giem/Compass 3. Mark Taylor/Compass 4. Tim Smith/Coldwell Banker Realty 5. Nancy Barfield/Villa Real Estate 6. Brian Johnson/Coldwell Banker Realty 7. Nancy Barfield/Villa Real Estate 8. Dakoda Muta/Realty One Group West 9. Ron Millar/Arbor Real Estate 10. Tim Smith/Coldwell Banker Realty 11. Janelle File/Compass 12. Jason Oppenheim/The Oppenheim Group