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


Saeed Ghaffari

So Cal Market Beat

Buyer, Seller & Investor Tips

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MAI     $/sqft       Median                 Avg. DOM

MAI     $/sqft       Median                 Avg. DOM


84       $530    $1,212,490              17

68      $558      $614,499            14


73       $600     $1,398,800              46

70      $587       $654,499          14


76       $276      $629,950               28

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


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 7.94%. There were no exceptions in the region.

New listings in the region showed upward trend with an average increase of 0.51%. The exceptions were Los Angeles, San Bernardino & San Diego Counties with respective decrease of 0.91%, 0.25% & 1.77%. 

New listings were 20.76% of total active inventory and older listings were at 7.38% of the active listings. 

Coming soon inventory changed the trend from last week and slightly went down by 2.77%.

Closed listings continued the trend from last week and went down by an average of 11.28% 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 [email protected].


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First-Time Home Buyer? Here’s How to Improve Your Credit Score

Pull your credit report
There are three major U.S. credit bureaus (Experian, Equifax, and TransUnion), and each releases its own credit scores and reports (a more detailed history that’s used to determine your score). Their scores should be roughly equivalent, although they do pull from different sources. For example, Experian considers on-time rent payments while TransUnion has detailed information about previous employers.

To access these scores and reports, financial planner Bob Forrest of Mutual of Omaha recommends using, where you can get a free copy of your report every 12 months from each credit-reporting company. It doesn’t include your credit score, though—you’ll have to go to each company for that, and pay a small fee.

Or check with your credit card company: A variety of card issuers offer free access to scores and reports, says Michael Chadwick, owner of Chadwick Financial Advisors in Unionville, CT. Once you’ve got your report, thoroughly review it page by page, particularly the “adverse accounts” section that details late payments and other slip-ups.

Does The Home You Want To Buy Qualify For A USDA Loan? Here’s How To Tell

What type of home qualifies for a USDA loan?
While there is a lot of flexibility in the type of home that may be accepted for a USDA home loan—including condos, townhouses, and new construction—not all homes will qualify. Since USDA loans are meant to help lower-income homebuyers, it’s not intended to be used to buy a mansion. On the contrary, eligible homes must appear “modest” relative to their location. In many cases, that boils down to square footage.

“The general USDA standards for eligible properties include a living area typically between 400 and 2,000 square feet,” says Jill Gonzalez, an analyst with WalletHub. “The property’s value is another indicator of whether or not the house is modest.”

While the exact limits will vary by area, another general rule of thumb is that the land itself cannot be worth more than 30% of the value of the actual home sitting on said property.

9 Real Estate Newsletter Ideas To Stand Out From The Competition

1. Neighborhood Newsletter
Homeowners love to learn more about their neighborhood, especially if they can do it without actually knocking on doors or frequenting every restaurant in town. For this reason, neighborhood newsletters are one of the best ways to spark interest in the minds of potential clients.

Neighborhood newsletters can include a wide range of information but should be focused on specific and highly relevant information. Consider including information like home values, neighborhood events, or homeowner spotlights. The creator of this real estate newsletter template even includes local trivia.