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

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

June 16, 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

  SFR Condo
  MAI     $/sqft       Median                 Avg. DOM MAI     $/sqft       Median                 Avg. DOM
Azusa 87       $439      $693,950                 9 88      $379        $726,950             28
Covina 95       $440      $720,000                44 66      $355        $535,000              16
Glendora 71       $448      $1,048,000             55 73      $429        $517,500             147

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

All counties in So Cal showed an increase in the active listing inventory, with exception of Orange County that showed a slight drop of 0.83%. There was an average increase of 2.23% in the region.New listings showed a mix trend. Los Angeles, Orange and Ventura counties showed a drop of 2.57%, 1.44% and 11.90% respectively. On the other hand; Riverside, San Bernardino and San Diego counties showed an increase of 5.69%, 11.18% and 0.19% respectively. The average for the region showed a slight increase of 0.65%. Older listings also showed mixed trend with the average drop for the region being 1.51%.New listings were 29.91% of total active listing inventory and older listings went down slightly to 11.48% of the active listing inventory.

Coming soon inventory changed its trend from last week and slightly went up by 2.13%.

Closed listings changed the trend from last week and went up by an average of 23.23% in So Cal.

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 maybe found in M&M Business Directory. For free real estate and mortgage consulting, write to [email protected].

 

 

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