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

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

May 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

Azusa

87       $439      $693,950                 9

88      $379        $726,950             28

Covina

95       $440      $720,000                44

66      $355        $535,000              16

Glendora

71       $448      $1,048,000             55

73      $429        $517,500             147

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

All counties in So Cal showed an increase in the current inventory, except for Riverside county showing a slight drop of 1.58%. There was average of 0.89% rise in the region, continuing the trend from the past week.

New listings were also on the rise in all counties except for San Bernardino. The average for the region showed a rise of 2.31%. However, Older listings showed downward trend with the average drop for the region of 4.17%.

New listings were 31.61% of total active inventory and older listings dropped to 12.17% of the active listings.

Coming soon inventory continued to go down from the last weeks and went down by 5.83%.

Closed listings showed a mixed trend overall; went up by an average of 2.00% in So Cal. Closed listings went up in Los Angeles, Riverside and San Bernardino counties. Orange, Sand Diego and Ventura showed a drop.

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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