SoCal Beach Cities Market Report 010523

Dated: January 6 2023

Views: 0

"REALTOR RON'S"
Beach Cities Market Report

Residential / Luxury / Investment
Call/Text   714-955-1393
We Made It to 2023!!!

What a rollercoaster ride the 2022 market was... just as much fun as riding the real thing at Six Flags.

This year is predicted to be much more consistent from start to finish. We expect prices to continue softening until mid-year sometime. I expect that we will see a huge Springtime rush as pent up demand is brewing and inventory continues to decrease.

Every year is different and we are always ready for whatever challenges that are presented year to year.

We are ready for anything this year and I will be paying close attention to market trends so that you will be advised at the highest level when you decide to buy or sell.

If you are thinking about selling within the next two months and would like to save thousands, I am offering my full Realtor listing services at 
1% commission. Call for details

 

Please let me know if you have any questions or if there is anything in the world I can do for you!
 
Be Well, Stay Safe!

>>>>LA & Orange Counties<<<<
528 Closed Sales Last Week!!!
4,615 Closed Sales in December

 

Number of Months of Inventory = 1.85

Average Days on Market = 37.5
Active Listings "Stats"
12/29/22 - 1/4/23
Orange County
Single Family Residence - 67
Townhome / Condo - 53

Under Contract this Week - 123
Los Angeles
Single Family Residence - 335
Townhome / Condo - 126
Under Contract this Week - 284
Data Source:  CRMLS
Interest Rates
Changes from Previous Week
30 Yr Fixed - 6.41%     -0.13
15 Yr Fixed - 5.80%     -0.05
FHA 30 Yr - 6.09%       -0.02
Jumbo 30 Yr - 5.68%   -0.02
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/
Find out what Your Home is Worth?
Give Me a Call

I'll Help You Through it All


I look forward to working with you...

Call / Text


714-955-1393


>>>My Website<<<
RON PHILLIPS
DRE# 01099230
 
Email:  RealtorRonPhillips@gmail.com
RealtorRonPhillips
RealtorRonPhillips
SUMMERLAND REAL ESTATE
DRE# 02013630
Copyright © 2023 Summerland Real Estate, All rights reserved.

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