So Cal RE Market Report / Buyer, Seller & Investor Tips” by: Saeed Ghaffari

So Cal RE Market Report / Buyer, Seller & Investor Tips” by: Saeed Ghaffari

April 7, 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

 

MLS Data provided courtesy of Real Estate Legends, USA

Table below shows the impact of the market trends and factors on our economy, ECON 101.

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.

Active Inventory listings was down across the Southland by 2.47%

New listings are down by 5.66% and so are the older listings, by 8.01%. Both are an indication of a seller dominant market.

9.97% increase in the coming soon inventory also speaks of sellers trying to take advantage of this hot market.

Closed Listings are up by 11.87% in So Cal, music to everyone’s ears.

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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California Housing Market Report

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The stronger consumer optimism is running against sticky inflation and a likelihood the FED can’t lower interest rates. But will that discourage buyers in California? Demand is always intense in CA. No other place offers what California has, and buyers today do seem to put lifestyle at the top of their list.

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The luxury housing market, like most other real estate sectors, is adjusting to a slowdown. Affordability and home size are every bit as much on wealthy buyers’ minds as other consumers. “The reality is we are coming out of one of the best real estate markets in history,” Gary Gold, a luxury property specialist with Coldwell Banker Realty in Beverly Hills, Calif., notes in the latest Coldwell Banker Global Luxury Trends Report. “But that level of demand and price appreciation wasn’t sustainable.”

Nearly 90% of respondents to the Coldwell Banker survey say they believe the real estate market will be better than or the same as 2022 for property investment. The following emerging trends were noted in the report.