SoCal Beach Cities Market Report 011923

Dated: January 20 2023

Views: 0

"REALTOR RON'S"
Beach Cities Market Report

Residential / Luxury / Investment
Call/Text   714-955-1393
Buyer Activity Is Picking Up

Every since the first of the year, we have seen a very nice increase in buyer activity. More people are searching for homes for sale online and we are getting more showing requests.

This is a direct reflection mortgage rates coming down over the past few weeks showing that demand is still very strong.

The problem that remains is inventory.

We are still around half of properties for sale as we were pre-pandemic, and inventory is dropping right now as we speak as it does every year at this time.


A lot of my friends and neighbors have been asking me about the value of their home, so I thought I'd share this tool. Follow the link and enter your address to get an instant home value. Enjoy!

>>> Click Here <<<

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 a 1% commission rate. 

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<<<<
680 Closed Sales Last Week!!!
1,975 Closed Sales MTD

 

Number of Months of Inventory = 1.85

Average Days on Market = 37.5
Active Listings "Stats"
1/12/23 - 1/18/23
Orange County
Single Family Residence - 111
Townhome / Condo - 64

Under Contract this Week - 247
Los Angeles
Single Family Residence - 569
Townhome / Condo - 194
Under Contract this Week - 546
Data Source:  CRMLS
Interest Rates
Changes from Previous Week
30 Yr Fixed - 6.04%     -0.11
15 Yr Fixed - 5.12%     -0.25
FHA 30 Yr - 5.65%       -0.10
Jumbo 30 Yr - 5.65%   -0.07
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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