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

October 26, 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

92807

90      $483      $980,000                 48

74      $509        $484,500           15

92808

75       $471      $1,250,000               28

85      $521        $532,499             2

Menifee

77       $249       $592,760               33

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 downward trend in inventory with average decrease of 2.29% with exception of Riverside County with 0.67% increase respectively.

New listings in the region showed a downward trend as well with an average decrease of 5.32%. With exception of Riverside County that showed 6.78% increase. Older listings also went down by 4.28%.

New listings were 22.83% of total active inventory and older listings slightly went up to 13.62% of the active listings.

Coming soon inventory changed the trend from last week and went down by 9.53%

Closed listings changed the trend from last week and went up by an average of 13.24% 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.

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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.

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.

WOE

You might say, “Look, I’m not just wishing things were different, I’m in action to change them.” Great…so long as you’re in action around something that can be changed. If you’re battling any of the woes listed above, then please know that i) not only is resistance futile, but ii) it is the source of suffering, i.e., only makes things worse.

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