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

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

November 23, 2021

k

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 Photo

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 

92807 

86       $490      $1,199,000              53 

79      $510        $529,000            17 

92808 

83       $577     $1,750,000                56 

88      $552        $597,450             2 

Menifee 

77       $254      $590,520                  38 

38       $287      $435,000              0 

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 downward trend in inventory with average decrease of 5.09% with no exception.

New listings in the region showed downward trend as well with an average decrease of 5.32%. Except San Bernardino going up by 5.74%.

New listings were 22.29% of total active inventory and older listings slightly went up to 15.19% of the active listings.

Coming soon inventory continued the trend from last week and went down by 16.54%

Closed listings also changed the trend from last week and went up by an average of 21.93% 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].

You Deserve 100% Commission

Learn about our 100$ Commitment to 100%  Commission

Gold Sponsor of M&M

Order your NHD Report  on M&M

Not a M&M Member?

Call Us Today

714 469 5529

M&M NEWS

Related Articles

The Real Estate Market is Cyclical, Don’t Panic, Adjust!

The Real Estate Market is Cyclical, Don’t Panic, Adjust! The Real Estate market is cyclical. The data shows, and it’s clear that we are experiencing one of the toughest real estate markets in the past decade. As bad as it is, there are certain agents who do well,...

Why the housing market is going from tough to terrible

Why the housing market is going from tough to terrible Do you like this Article ?  Sign up HERE for your FREE M&M Account to receive more Real Estate related information and news and THIS article. M&M Membership includes:  FREE Coaching Events & Workshops,...