SoCal Beach Cities Market Report 091522

Dated: September 15 2022

Views: 2

"REALTOR RON'S"
Beach Cities Market Report

Residential / Luxury / Investment
Call/Text   714-955-1393

Single-family Home Sales Moderate Further:
The market continues to show signs of normalization with sales dipping below last year’s level and price growth ebbing into low single digits. Homes are staying on the market longer (25 days) and sellers are reducing prices more frequently. However, with open-escrow sales rising on a month-to-month basis in both August and September so far, a bounce back in closed sales could be observed in the coming months.


 
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>>>>LA & Orange Counties<<<<
1,227 Closed Sales Last Week!!!
2,441 Closed Sales MTD

Active Listings "Stats"
9/8/22 - 9/14/22
Orange County
Single Family Residence - 176
Townhome / Condo - 103

Under Contract this Week - 358
Los Angeles
Single Family Residence - 823
Townhome / Condo - 286
Under Contract this Week - 782
Data Source:  CRMLS
Interest Rates
Changes from Previous Week
30 Yr Fixed - 6.30%    +0.18%
15 Yr Fixed - 5.50%    +0.18%
FHA 30 Yr - 5.56%       +0.06%
Jumbo 30 Yr - 5.60%   +0.50%
Data Source: mortgagenewsdaily
Homes For Sale
"Easy Links"
Data Source:  CRMLS
Orange County
https://www.ocweekly.com/

Los Angeles County
https://www.laweekly.com/calendar/
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RON PHILLIPS
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Email:  RealtorRonPhillips@gmail.com
RealtorRonPhillips
RealtorRonPhillips
SUMMERLAND REAL ESTATE
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