So Cal Re Market Report/ Buyer, Seller & Investor Tips

So Cal Re Market Report/ Buyer, Seller & Investor Tips

July 14, 2021

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By Saeed Ghaffari

Saeed Ghaffari

Saeed is the founder of Money, Real Estate & More. With over 30 years of experience as a lender, investor and a real estate professional, he provides free consulting in these fields. To connect with Saeed, sign up for free / log in on moreandmorenetwork.com

Saeed Ghaffari

So Cal Market Beat

Buyer, Seller & Investor Tips

ECON 101 (Supply & Demand)

Table below shows the impact of the market trends and factors on our economy.

Featured Cities

MAI: Market Action Index. MAI of 30 represents a balanced market between buyers and sellers. Over 30 indicates a seller market and below 30 is a buyer market.

Avg. DOM:  Average days on the market

Source altos.re

Buyers, Sellers & Investors: Seek the advice of an experienced local realtor for data specific to your market.  Work with realtors with skills and character you can trust, find them on our Real Estate Expert Panel on our home page.

5 Week Trends

 

SFR

Condo

 

MAI     $/sqft       Median                 Avg. DOM

MAI     $/sqft       Median                 Avg. DOM

Mission Viejo

96      $510      $995,000          14

91       $503       $635,000       35

Newport Beach

50     $1,077   $3,795,000       84

70       $831      $1,495,000     92

Santa Ana

72       $511      $875,000         50

88       $423       $402,450       17

All counties in So Cal showed a drastic increase in the current inventory, with no exception. There was average decrease of 8.84% in the region.

New listings in the region also showed an overall upward trend with an average of 22.31%. Exceptions were Riverside & San Bernardino that showed decreases of 3.14% and 1.92% respectively. Older listings also went slightly up as well with the average for the region being 2.64%.

New listings were 28.95% of total active inventory and older listings slightly went down to 10.62% of the active listings.

Coming soon inventory changed the trend from last week and went down by 21.32%.

Closed listings changed the trend from last week and went down to an average of 32.60% in SoCal.

For data specific to your local market, we have expert real estate professionals listed on M&M Expert Panel under the real estate column. Additional real estate services may be found in M&M Business Directory. For free real estate and mortgage consulting, write to [email protected].

 

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