So Cal RE Market Report / Buyer, Seller & Investor Tips
May 19, 2021
By 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 |
|
Mission Viejo |
97Â Â Â Â Â Â $487Â Â Â Â Â $1,007,000Â Â Â Â Â Â Â Â Â Â Â Â 17 |
98Â Â Â Â Â $484Â Â Â Â Â Â Â $510,000Â Â Â Â Â Â Â Â Â Â Â Â Â 32 |
|
Santa Ana |
75Â Â Â Â Â Â $484Â Â Â Â Â $1,059,000Â Â Â Â Â Â Â Â Â Â Â Â 59 |
84Â Â Â Â Â $394Â Â Â Â Â Â Â $399,000Â Â Â Â Â Â Â Â Â Â Â Â Â 35 |
|
Newport Beach |
48Â Â Â Â Â Â $1,240Â Â $4,445,000Â Â Â Â Â Â Â Â Â Â Â Â 55 |
67Â Â Â Â Â $830Â Â Â Â Â Â Â $1,490,000Â Â Â Â Â Â Â Â Â Â 82 |
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:Â 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 6 counties in So Cal showed an increase in the current inventory, resulting in the average of 4.98% rise in the region, a change in direction from the past week.
New listings were also on the rise in all counties except for San Diego. The average for the region was a rise of 9.50%. However, Older listings showed mixed trend with the average drop for the region was 0.27%.
New listings were 31.17% of total active inventory and older listings dropped to 12.81% of the active listings.
Coming soon inventory again changed direction from the last weeks and went down by 5.37%.
Closed listings went down by an average of 0.96% in So Cal. The activity was overall negative in the region with Orange county going up by 8.96% and San Bernardino going up by 1.98%. All the other counties showing drop from the week before.
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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