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

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

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

Featured Cities

SFR Condo
MAI     $/sqft       Median                 Avg. DOM MAI     $/sqft       Median                 Avg. DOM
92807 97       $559     $1,199,000          10 76      $583       $804,950           11
92808 86       $615      $1,599.900            60 68      $606       $685,000          6
Menifee 91       $291      $623,000               22

18       $246      $820,000               7

Inventory currently too low for a market report in Menifee, CA

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

In So Cal, there was overall upward trend in inventory with average increase of 4.49%. There were no exceptions in the region.

New listings in the region showed downward trend with an average decrease of 1.46%. The exceptions were Riverside & San Bernardino Counties with respective increase of 5.53% & 1.20%.

New listings were 28.97% of total active inventory and older listings were at 8.29 % of the active listings. 

Coming soon inventory changed the trend from last week and went up by 6.23%.

Closed listings changed the trend from last week and went down by an average of 10.28% 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 Saeed@moreandmorenetwork.com.

M&M NEWS

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10 Trends That Will Change Real Estate In 2022

Heading into 2021, the U.S. median home price centered at $340,000 with inventory nearly 40% below December 2019 levels — making 2020 the lowest housing inventory year in recorded history.

Now that eviction moratoriums are lifting and more sellers are listing, inventory is certain to shift. Still, the question remains: Will real estate values continue to climb on an upward trajectory?

Most experts concur that prices will grow due to continued high buyer interest, though just how much growth the market will sustain remains to be seen.

“I don’t think we’re anywhere near the end of appreciation trends,” says Joseph W. Rand, Chief Creative Officer for Howard Hanna | Rand Realty. “In most parts of the country, we’re still at or below the inflation-adjusted average sales price of the last seller’s market. If rates stay low, and the economy continues to improve, buyers have the ability to stretch to meet those higher prices.”

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

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.

How To Build Wealth From Real Estate Investing, According To 7 Couples And Individuals Who Have Done It

With patience and time, real estate investing can yield significant passive income.

“A lot of people want to time the market, but it’s time in the market,” property investor and early retiree Michael Zuber told Insider. “That’s how you get wealthy. The longer you hold an asset, the wealthier you will become. It is amazing what happens to a portfolio after you’ve owned it for 10 years.”

Insider spoke to individuals, including Zuber, who have used real estate as a tool to build long-term wealth. Insider has verified the following investors’ claims about income and property ownership with documentation they provided.

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