Thinking of buying or selling in Paseo Del Mar or Irvine this year?
In this August 2025 real estate market update, I’m breaking down what’s happening right now in Paseo Del Mar, how the Irvine housing market is shifting, and what it means for homeowners, buyers, and sellers.
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Irvine Market Overview – August 2025
We’re seeing the biggest inventory spike in years
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+60% Inventory YOY (Year-over-Year)
July 2025 recorded the highest number of homes for sale since 2020. -
Homes taking longer to sell – now averaging 30 to 91 days on market
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Median home prices in Irvine are up 2–5%,
with average price per square foot at $838 -
🔻 23% of homes sold below asking price
What this means: The pace is slowing, and buyers now have more options, while sellers need to adjust expectations.
Paseo Del Mar Neighborhood Snapshot
Market Data:
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Average List Price (July 2025): $1,166,000
(3 bed, 3 bath typical property) -
Recent Sale: $1,336,000
(Closed at ~96% of list price)
Not every home sold—some expired listings show that overpricing is risky, even in desirable communities like Paseo Del Mar.
Sellers: Pricing it right from the start is key to getting it sold without sitting on the market too long.
What Homeowners Should Know
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Your home equity remains strong, but momentum is shifting.
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Overpricing leads to longer days on market or no sale at all.
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Strategic pricing + strong market positioning = success.
Tip: Now is not the time to “test the market.”
Homes priced accurately and presented well are still closing close to asking.
Buyer Advantage: More Inventory, Less Competition
For buyers, this is the most favorable market we’ve seen in years:
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More inventory = more choice and negotiation room
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Mortgage rates remain in the high 6% range, but prices are stabilizing
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You can often negotiate both price and terms in today’s market
Be ready to act fast when the right home appears, but know you have leverage.
Seller Strategy in Today’s Market
To succeed in a shifting market, sellers must be sharp and strategic:
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Price correctly from day one—don’t rely on outdated comps
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Prep your home to be move-in ready—clean, decluttered, updated
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Choose a local expert (👋 hi, it’s me!) who knows how to position homes specifically within Paseo Del Mar
Market Outlook: Fall 2025
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Inflation is cooling ✅
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Mortgage rates are steady but high 📈
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Buyer demand is starting to rise again 🏃
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Mortgage applications are picking up 📑
Translation: We’re in a cautiously optimistic market heading into fall, but smart strategy matters more than ever.
Final Thoughts: Should You Make a Move in Paseo Del Mar?
Whether you're:
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A homeowner trying to time your next move
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A buyer looking for the right value
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Or a seller hoping to maximize your return
You need local market knowledge, data-driven insights, and personalized guidance to win in this market.
Let’s talk! I’m Regina Chen, your trusted Paseo Del Mar and Irvine real estate expert.
Let’s create a strategy tailored to your goals—whether you're planning to buy, sell, or just need advice.
📥 Ready to chat? Contact me here or watch the full video update on YouTube for more details.
