So Cal RE Market Report / Buyer, Seller & Investor Tips” by: Saeed Ghaffari
May 5, 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 on our economy.
Featured Cities
|
|
SFR |
Condo |
|
|
MAI $/sqft Median Avg. DOM |
MAI $/sqft Median Avg. DOM |
|
Laguna Beach |
36 $1,504 $3,982,500 140 |
48 $1,484 $2,047,500 103 |
|
Dana Point |
51 $1,010 $4,398,000 128 |
69 $618 $839,000 83 |
|
Mission Viejo |
97 $468 $992,500 21 |
98 $456 $539,900 16 |
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
Every county in the So Cal region showed a gain in this category. San Bernardino and Riverside lead the race with 3.82% and 3.45% respectively.
New listings were also up in the region with mixed activities among the counties. Ventura and San Bernardino County showed a loss, all other counties reported a gain with Orange and Riverside counties leading the charge with 14.68% and 9.95% respectively.
Older listings dropped in every county except for Ventura. The average drop was -1.93% with Riverside leading with -7.29% and San Bernardino in second place with -3.96%
New listings were 30.45%% of total active inventory and older listings dropped to 13.39% of the active listings, an indication of a very active market.
Coming soon inventory changed direction from last week and dropped by 10.4%. Every county was in red in this category except for San Bernardino that showed a gain of 0.77%. Ventura County lead with -23.44% drop and Riverside followed with -18.8% drop in Coming Soon category.
Closings were up by an average of 3.29% in So Cal. All counties were in green except for Orange County reported with -3.73% drop. Los Angeles County was in second place with a gain of 6.23% and San Bernardino was in first place with 6.73% gain in closings.
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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