As we approach the end of 2025, the Irvine real estate market—particularly in Portola Springs and Great Park—continues to demonstrate resilience with encouraging trends for both buyers and sellers. Understanding the current landscape is essential for making informed decisions as we head into 2026.
Current Market Snapshot
The Irvine housing market remains competitive, with homes selling for a median price of $1.55 million, up modestly year over year. In Portola Springs specifically, the median sale price over the last 12 months is $1,860,000, up 1% from the previous year. Properties in Portola Springs are spending an average of 46 days on the market, indicating steady but not frenzied buyer activity.
The Great Park neighborhoods are experiencing similar dynamics, with median home prices around $1.79 million. Both communities continue to attract families drawn to award-winning schools, resort-style amenities, and the master-planned lifestyle that defines these neighborhoods.
Interest Rate Environment
One of the most significant developments for buyers is the improvement in mortgage rates. The 30-year fixed-rate mortgage averaged 6.19% as of early December 2025, down from 6.69% a year ago. This represents a meaningful improvement in affordability, with rates having declined throughout much of 2025 from their January highs above 7%. The Federal Reserve's recent rate cuts have contributed to this favorable environment, creating renewed confidence among buyers who were previously waiting on the sidelines.
Inventory and Market Balance
Irvine currently has just 1.8 months of housing supply, well below the balanced threshold of 5-6 months, which means we're still firmly in a seller's market. However, inventory has been gradually expanding, providing more options for buyers than earlier in the year. In both Portola Springs and Great Park, well-prepared homes continue to attract strong interest, with homes in Irvine selling for approximately 98.6% of their listed price on average.
Buyer and Seller Dynamics
We're seeing diverse buyer profiles: young families prioritizing Irvine's top-rated schools (including Portola High School, ranked among the nation's best), professionals attracted to the master-planned amenities, and investors recognizing the long-term value proposition. New construction continues in both Portola Springs and Great Park, with builders offering various floor plans and architectural styles to meet different needs.
For sellers, strategic pricing remains crucial. The percentage of homes selling above list price has declined compared to the ultra-competitive conditions of recent years, meaning realistic pricing is more important than ever. Homes that are professionally presented, well-maintained, and appropriately priced for current market conditions are moving efficiently.
Neighborhood Highlights
Portola Springs offers over 15 parks, multiple resort-style pools, and miles of trails, with Mediterranean-style architecture and homes built primarily from the mid-2010s through the 2020s. The community provides a quiet, family-oriented environment with easy access to the Irvine Spectrum and major freeways.
Great Park Neighborhoods feature 7 thoughtfully designed parks, 6 resort-style pools, and proximity to the expanding Great Park Framework with its trails, lakes, and cultural amenities. The area is walkable to award-winning schools and continues to develop with new residential phases.
Looking Ahead to 2026
Several factors will shape our local market in the coming year:
Interest Rate Trajectory: Current rates around 6% represent a significant improvement from 2023-2024 highs. Any further Fed rate cuts could bring additional affordability, though rates are already low enough to justify action for many buyers.
Continued Development: Both neighborhoods have ongoing residential projects adding to inventory, though buyer demand continues to keep pace with new supply.
Economic Fundamentals: Irvine's strong job market, particularly in technology and healthcare sectors, continues to support housing demand. The area's reputation for safety, excellent schools, and quality of life remains a powerful draw for domestic and international buyers.
Seasonal Considerations: Spring traditionally brings the most competitive market conditions. Buyers looking to avoid peak competition may find opportunities in the winter months, while sellers listing in early spring typically see the largest buyer pools.
Market Normalization: The transition from the ultra-competitive conditions of 2021-2023 toward more balanced dynamics creates opportunities for buyers to negotiate more effectively while still maintaining seller advantages due to limited inventory.
Conclusion: Partner with Kwon Home Group for Your Real Estate Success
At Kwon Home Group, we combine deep neighborhood expertise with personalized service to deliver exceptional results for our clients in Portola Springs and Great Park. We don't just understand the data—we live and breathe these communities, tracking every market shift and opportunity. Our proven track record, data-driven strategies, and established relationships with builders, lenders, and industry professionals give our clients a distinct advantage whether they're buying their dream home or selling for top dollar. From your first conversation to closing day and beyond, we're committed to making your real estate journey smooth, successful, and stress-free.
The current market presents unique opportunities with improved interest rates and evolving conditions that favor informed decision-makers. Whether you're a first-time buyer, a growing family looking to upgrade, or a seller ready to maximize your home's value, Kwon Home Group is here to guide you every step of the way. Contact us today for a complimentary consultation and personalized market analysis—let's discuss your goals and create a customized strategy that delivers results. Your dream home in Portola Springs or Great Park is within reach, and we're ready to make it a reality