WHERE IS THE HOUSING INVENTORY?

Posted by Patrick Schwier on Tuesday, May 9, 2023 at 6:00 PM By Patrick Schwier / May 9, 2023 Comment

WHERE IS THE HOUSING INVENTORY?

We follow the market daily. Below check out the latest number of available homes and condos for sale in the city's listed below. We regularly review the Total Active, Coming Soon, Under Contract & Closed Inventory in these Select Cities to help you understand how housing inventory & buyer demand are reacting to the current market. Interested in Yearly City Home Sale Trends? CLICK HERE

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 5/2/2023 - 5/8/23

Market Review Summary since last month

Active Properties on the Market:
We have reached over 1,000 properties Active for sale on the market which has not happened since last February. Single Family Homes for sale rose 9.46% over the total homes for sale on the market 3 weeks ago. The inventory of homes and condos for sale is still at historically low levels. I would have expected more homes to go Active on the market so my interpretation is that there are alot of homeowners who feel that making a move currently is not in their best interest and status quo is preferred.
Pending Properties (indicating buyer demand):
Overall a 1.3% drop since our review 3 weeks ago. So buyer demand is still consistent despite higher interest rates. Huntington Beach & Irvine (two cities with higher inventory counts) have dropped a bit in the pending column but I am not seeing a decreasing trend in sales activity overall.
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Total Sold:
166 properties sold in the last 7 day period. The exact same number as 3 weeks ago. So closings are not increasing nor decreasing - just flat lining. The quantity of buyers remains constant. With average days on market increasing a bit, the demand is still there. Aliso Viejo has 11 single family homes for sale making it one of the most difficult cities to find available inventory in. The quantity of condominiums Active Fore Sale in Aliso Viejo over the last 3 weeks dropped by over 36%. .
Forecast:
Where is the inventory? What is going to force more properties on the market? Higher interest rates? That would actually relate to lesser properties arriving on the market. People eating into their equity gained from their rise in housing value due to overall economic conditions could raise inventory. Job layoffs and a decrease in Real Estate transactions could definitely affect ancillary real estate professions thus forcing a sale of their property due to lower income expectations.
Check out our Yearly Housing Market Update for Year over Year analysis.
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Mortgage Rate Update as of May 11th - Need a lender? Text Patrick at 714.401.0893 for a referral.

Rate Information

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Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 4/11/2023 - 4/17/23

Rate Information

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Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 4/4/2023 - 4/10/23

Market Review Summary

Active Properties on the Market:
Since the end of February, the quantity of homes available on the market listed in the 12 cities above has remainded under 1,000 properties on the market, bouncing from 950 to 1000 over the last 5 weeks. Last August was the pinnacle of the available properties for sale at 1,647 properties, currently we are still 40% below that number.
Pending properties (indicating buyer demand):
At 737 properties under contract in escrow over the last week, that is the highest Pending count since our September 20th 2022 report. Simply put there are buyers out there and the amount of time that properties are staying on the market is still low. So higher interest rates be dammed. If you are looking to purchase it is likely you will find yourself in a multiple offer situation again so be sure to understand how to best write your offer to maximize your chance of acceptance from the seller. Text Patrick 714.401.0893 for tips on 'Writing a Successful Offer.'
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Total Sold:
Over the last 4 weeks the quantity sold each week ranged from 129 to 167 properties closed for the previous week. Last week total was 140 closed. Expect these numbers to go up as the total pending each week is increasing.
Forecast:
We will continue to erode our inventory as the quantity of homes going onto the market is less then the quantity sold. Prices will rise in cities with lesser inventory because interest rates have dropped a bit and the buyers are understanding that they will be able to refinance in the next 12 - 18 months.
Check out our Yearly Housing Market Update for Year over Year analysis.
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Mortgage Rate Update as of April 14th 2023 - Rates increased 4 basis points over last week. Finding rates in the mid 6% can be found. Need a lender? Text Patrick at 714.401.0893

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Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 3/7/23 - 3/13/23

Market update for the last 2 weeks:

Active Properties on the Market:
Up 4 properties from 2 weeks ago. Inventory growth is stagnant due to the consistent buyer demand which is not slowing down keeping the ctive inventory counts off 50% from their high of over 1600 in Mid August 2022.
Pending properties (indicating buyer demand):
Up 7% from the quantity of pending properties in escrow 2 weeks ago. Proving again that buyers are picking up the available inventory quicker then one might think despite higher interest rates. The Fed will be meeting next week. Despite any massive Bank Failures, will not happen, we should see another increase of 25 to 50 basis points due to the inflation rate still up at 6%.
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Total Sold:
Down 22% from last weeks total of 167 sold for the previous week. 167 sold nearly matched the same quantity of sold homes in the 3rd week of September 2022. The weeks tally of sales can vary depending on the how many properties go into escrow each weeks so this is a bit of a lagging indicator of buyer demand stepping up 30 days prior.. As fast as new properties come on the marekt they are selling.
Forecast:
Bank Failures could continue for those Banks who invested their money over a year ago and didnt take into account the possibliitiy of a years worth straight of Short Term Interest rate hikes by the Fed. Diversty in banking portfoliios could also be an indication of problems to come in specific banks moving forward. Fear of Banking Failures could spread in a pandemic style fashion should more banking policies not perform due to current market conditions. Educating yourself on what your bank invests in would be a wise move!
Check out our Yearly Housing Market Update for Year over Year analysis.
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Mortgage Rate Update as of March 15th 2023 - Rates dropped 15 basis points over last week. It is possible to get 30 year loan programs closer to 6%. Need a lender? Text Patrick at 714.401.0893

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Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 2/21/23 - 2/28/23

Market update since last week:

Active Properties on the Market:
We dipped back under 1.000 properties Active for sale on the market again. Dropping just over 3% from last week. Still hoping to see more properties come on the market for sale however this is likely going to be the norm throughout the year. Some cities such as San Clemente and San Juan Capistrano dropped their Single Family Home quantity 11% & 16% respectively from last weeks numbers.
Pending properties (indicating buyer demand):
Dropping 3.7% week over week, the demand is staying consistent. Where you were seeing higher inventory counts of properties for sale you now see those Active quantities diminishing as homes are going into escrow.
Total Sold:
74% increase in the quantity sold week over week. This is the largest % change I have seen in these cities in the last 18 months. While the escrow process takes on average 30 days you can deduce that a higher quantity of properties were sold at the end of January where the inventory of available homes was a bit higher.
Further proof that there are buyers ready to purchase ASAP assuming the price is correct despite the interest rates over 6%.
Forecast:
Will continue to watch to see if the quantity of homes for sale increases. I expect prices to start adjusting higher over the next 60 days where inventory is tight.
Check out our Yearly Housing Market Update for Year over Year analysis.
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Mortgage Rate Update as of March 3rd 2023 - Rates went up last week!

CALL or TEXT PATRICK - 714.401.0893
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Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 2/14/23 - 2/20/23

The quantity of Total Properties For Sale (Active) over the last 30 days:

STAGNANT! - Virtually no increase in the Inventory of Properties for Sale over the last 3 months.
We are 40% off the high of last August regarding available homes for sale (all properties).
A 'normal' market in these 12 cities would be closer to 3,000 properties for sale. However we have NOT seen 'normal' in over 4 years. So the 'NEW NORMAL' is less inventory, which will lead to higher prices and Multiple offers - Fasten your seat belts people!
Patrick's Forecast - The people with alot of equity will continue to buy up inventory creating more pressure on prices. I would have to think at some point soon, in lieu of selling - people with equity will convert their homes to rentals and move out of the area. Thus creating greater Passive Income for themselves, relocating to a better economic environment while increasing property values here in South Orange County.
Pending properties (indicating buyer demand):
Since January 2023 the 'Pending" properties have increased by 151%. What does that tell you? That the available housing inventory is being depleted faster then it is being replaced. If you are looking to purchase a home, be sure to understand what properties are really worth. To do this you have to see what is available on the market and I can refer to properties previously on the market to give you a sense of value. Going into another hyper seller market dont lose a property over $10,000 or a list of repairs that you feel the seller should pay for. Think Long Term! Thank the seller for selling and move forward. Based on these pending counts there are quite a few buyers out there who understand that it does not make sesne to not purchase just because interest rates are not at 3%
Total Sold:
The quantity of closed properties is up 21% since last month. We are still under 100 properties sold per week. We are off 60% for the quantity of closed properties since the height last August at 164 properties sold for the same weekly period. Newport Beach, Huntington Beach & Irvine are leading the way with the highest amount of transactions in those 3 cities.
Forecast:
NAR Forecasts for 2023 - 7% reduction in the quantity of properties sold. Price to flatline neither going up or down. Click Here to read the NAR 2023 Forecast report.
Patricks Thoughts: I don't see this happening in the 12 cities we are following. I expect prices to start increasing off their current levels.
Rental Market Notes:
Rental Inventory is down!
For a family of 4 to find a 4 Bedroom home under $5,000 per month there are not many properties to choose from. As of February 24, 2023 the available 4 Bedroom properties for rent sub $5,000 in these cities are:
Aliso Viejo - 1
Huntington Beach - 9
Irvine - 20
Laguna Niguel - 4

Virtually many families are getting priced out of this rental market ins South Orange County, I would advise landlords to not HAMMER their new tenants to squeeze every last dollar from them by maximizing the rent and your expected profit!
Turnover is a Profit Killer. Find good tenants and make sure they stay longer while maintaining a marketable rent which will keep your tenant in place. Keep your property occupied while maintaining 90% of the marketable value.
Click here to check out this video Tip for Landords!
There is super high rental demand because housing prices have risen to a point where buyers are waiting on the sideline for either lower prices or rates or both. The problem being there are many buyers out there looking for passive income properties which is forcing the Active Housing Inventory to decrease.
I would argue that you should be making the move to purchase sooner rather then later.
If you are selling I would make sure you know where you are going before you go Active on the market.
Check out our Yearly Housing Market Update for Year over Year analysis.
National Mortgage Rate Trends & Economic Trends.
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In a Transitioning Market - EXPERIENCE MATTERS

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Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 1/10/23 - 1/16/23

The quantity of Total Properties For Sale (Active) over the last 30 days:
Total quantity or properties for sale is still down 2.36% as compared to our last report on December 20th 2023. Single family homes down 5% but the number of condos has increased slightly.
I expect inventory coutns to increase slowly over the next 60 days. However the quantity of homes for sale is still not increasing as fast as you might think.
Pending properties (indicating buyer demand):
The quantity of Pending proerties is down over 13% from last month. Due to the fact that over the last 3 months of 2022 the quantity of homes for sale dropped over 30% this is to be expected. Over the next couple of weeks the quantity of homes going into escrow will go up
Total Sold:
The quantity of home sales dropped over 36% as compared to our last report on December 20th. As stated above, the drop of homes on the market as well as the holiday season undoubtedly slowed down the Real Estate Market as a whole.
Forecast:
NAR Forecasts for 2023 - 7% reduction in the quantity of properties sold. Price to flatline neither going up or down. Click Here to read the NAR 2023 Forecast report.

With respect to the 12 cities I am following I see the number of properties going on the market increasing by 50% of current levels within 4 -6 months. Some cities will see price decreases (Irvine) where other cities like Aliso Viejo will see price INCREASES depending on the quantity of homes for sale in each city. Currently Aliso Viejo has only 7 single family homes for sale so expecte prices to at least stay flat if not increase.
Rental Market Notes:
2 months ago the quantity of homes for lease in Irvine was close to 400. Today it sits at 389. So there are alot of overpriced properties for lease currently. If you are looking to lease you Do NOT have to offer an application at the current listed price. Look at the trending rental rates and apply with a clean application with all the necessary information. If you would like a list of what you need to be submitting in a rental application text Patrick 'Rental App - What do I submit' to 714.401.0893.
Check out our Yearly Housing Market Update for Year over Year analysis.
National Mortgage Rate Trends & Economic Trends... While the 30 Year is at 6.36% you can still buy your rates down into the high 5% range. In past receissions, toward the end historically rates drop. So if you are waiting for rates to drop to 3% before you purchase I highly recommend you understand what your payments are now at current rates and if you see a property you want to purchase you need to pull the trigger.
At the start of 2022 people were up against mulitple offers on every property and the cost of buying the home at a higher price was more costly then purchaing at a higher interest rate. Inventory is still no where close 'Normal Market Levels' so you have to know what is and what is NOT a good purchase price...

That is why you CALL or Text Patrick - 714 401 0893. Let us help you understand the current market and proper housing values..

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

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Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 12/13/22 - 12/19/22

The quantity of Total Properties For Sale (Active):
Since the 2nd week of August 2022 the Total Inventory of homes for sale has dropped 33%. Since the same week in August, the total number of pending sales and closed sales have dropped respectively by 35% and 19%.
Pending properties (indicating buyer demand):
The quantity of Pending Home Sales dropped 4% in the last week to under 500 properties pending to 497.
Total Sold:
This number rose a bit over the last week by 20%. I would expect this number to drop a bit more as the weekly closings catch up to the decline in pending sales and less active inventory.
Forecast:
Prices will rise as soon as home purchase rate consistently get under 5.5%. Due to lack of housing inventory in cities like Aliso Viejo, Costa Mesa & Laguna Niguel.
Rental Market Notes:
The quantity of homes For Lease in Irvine as of today total: 397. This is a huge glut of rental inventory. I would expect rental rates to drop 10%-20% in Irvine over the next 1-2 months. There are alot of investors in Irvine who have been charging too much rent and now will see a couple months vacancy should they continue to try to chase the Maximum Rental Rates that were acheivable 12 months ago.
Check out our Yearly Housing Market Update for Year over Year analysis.
Check out below the National Mortgage Rate Trends... While the average 30 year fixed-mortgage has dropped 11 basis points compared to this time last week you are still find loan rates under 6% provided the right credit scores & negotiable sellers.

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

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Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 12/6/22 - 12/12/22

The quantity of Total Properties For Sale (Active):
Total active properties are down 12% from 2 weeks ago. While the total of Active inventory continues to deteiorate though the end of the year you notice that sales have not dropped at the same rate as the inventory count. There are buyers out there but you MUST price the home for sale correctly.
Pending properties (indicating buyer demand):
Down 5% from 2 weeks ago. Byuyer demand is dropping but not at the same rate as the drop in available inventory.
Total Sold:
Up 33% from 2 weeks ago. Depending on the week you will see that properties are still closing. There is alot of cash out there waiting to purchase properties however the high prices we saw as of late March this year are not getting accetped.
Forecast:
Long term home purchase interest rates will drop in the next 3-6 months. The question is will inventory of available homes for sale rise? In some cities you may see prices going higher vs dropping any further as the lack of inventory is preventing futher price degradation.
Check out our Yearly Housing Market Update for Year over Year analysis.

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

In a Transitioning Market - EXPERIENCE MATTERS

CALL or TEXT PATRICK at 714.401.0893
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Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 11/22/22 - 11/28/22

What do these numbers tell us in the last 2 weeks?

The quantity of Total Properties For Sale (Active):
Is down 16% since the middle of August (the peak of available properties on the market for 2022 at that time being1,647 active properties for sale). When the market was Super Hot, 2021 thru the 1st quarter of this year, the available inventory had dropped to the low 700s which is incredibly low. I would expect the current decline of available properties to continue further through the holidays. Interest rates will go up at the next Fed Reserve Meeting scheduled for December 13 & 14 another 50 basis points.
Pending properties (indicating buyer demand):
Has DECREASED to 534 properties under contract as compared to 777 properties 'pending' during the 3rd week of August, a 32% drop. This is an indicator of a slow down for the holidays but also could be a slowdown of purchasing due to the quality of available inventory in relation to its price. Buyer demand has been pretty steady over the last 5-6 weeks.
Properties are selling however buyers appear to not be willing to pay the premium prices we saw during the last half of 2021 and the 1st quarter of 2022. Since the 1st quarter of 2022 there has been a 20% price drop in home pricing.
However, Aliso Viejo as an example, as of today has only has 9 Single Family Homes for Sale so I would expect you could see multiple offers for these types of home especially in the low 1M price range where there is little inventory. Huntington Beach & Irvine have 230 & 312 properties on the market currently.
Total Sold:
The total properties sold for the week dropped 39% from a total of 127 closed the previous week to last weeks total of 77. This is the lowest weekly quantity of closed properties this year. Let's watch to see what these closed numbers reflect next week. With less properties to choose from, higher interest rates and the holidays I would expect the quantity of homes closing each week to stay below 100 through the rest of the year.
Forecast:
There are committed buyers out there. Price your property correctly and you will get offers. In some cities it is very likely you could get multiple offers depending on the price range, quality and house amenities. I would expect in many cities, for the time being, that prices will not go lower unless the quantity of available homes increases. Despite higher interest rates homes will sell. Overall taking 30 - 60 days to sell is still leaning more towards a Sellers Market. Watch your available inventory counts. that could help you define what you list your home for or make an offer at.
Check out our Yearly Housing Market Update for Year over Year analysis.

Seller Tips
1. Lets review the housing inventory in your community. I would even suggest we get together and see some of the available properties that your home will be competing against for buyers.
2. Sit down and set up a time line to sell your home for the price you want in the time frame that works for you.
3. Create and enact a blueprint to sell your home.

Buyer Tips
You have to know the market. Let me help you find the right property. If it is not on the market I will find it for you by marketing directly to the area you want to purchase. Text or CALL Patrick to find out more about Personalized Markeing campaigns. CALL direct 714.401.0893

BUYERS - CREATE A HOME PRICE TARGET FOR YOURSELF
DO NOT wait until a seller drops to a price that works for you as likely that price also will work for someone else and then you are back in a multiple offer situation. Prices are dropping still and rates will adjust up but not forever. Buyers need to plan on finding their property and make an offer when the timing is right!
1. Arrive at a price that works for you
2. Contact the listing agent to alert the seller of interest of your client in their home.
3. Make sure the seller is aware of what you are willing to pay for a property.
4. Be persistent. As you know, the market and expectations can change in a hurry. If your offer is on top of mind for the seller and their agent. You may get the call sooner then you expect.

Rate Update - Need a Lender Referral? Click Here

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

In a Transitioning Market - EXPERIENCE MATTERS

CALL or TEXT PATRICK at 714.401.0893
SchwierGroupRealEstate.com

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 11/8/22 - 11/14/22

What do these numbers tell us in the last 2 weeks?

Quantity of Single Family Homes for sale is down by 3,58%
Pending properties (indicating buyer demand) has INCREASED 1.46% in the last 2 weeks. Th new normal is that Days on Market is increasing from 2 weeks to 1 to 2 months. Sellers are dropping the price of their home faster if the property is not sold within the first 45 days. Unlike the last recession where properties would stay on the market for 10 months, there are buyers out there willing to purchase at the right price. As of right now prices are off about 15% from their highs at the end of March 2022..
Total Sold:
The total dropped from 128 properties sold to 110 in the last 2 weeks. This is the second lowest total of weekly sales this year. As the total inventory homes drops I would expect the quantity of properties sold to drop a bit further during the holidays.
Forecast: I have seen about 35 properties in the last 10 days. During Open Houses I see alot of buyers at properties that are priced correctly and not alot of buyers at the over priced properties. Lets watch the unemployment rate closely along with inventory. It appears that there is going to be a loss of some tech jobs and I am interested to see how quickly the market picks them up. If that unemployment rate increases I would expect to see an uptick in Housing Inventory for Sale. Lets watch and see what happens.
Check out our Yearly Housing Market Update for Monthly and yearly totals.

Seller Tips
CALL Patrick to devise a game plan. 714 401 0893 - This is a complicated market depending on where you live and the price point at which you are selling.

Rate Update - Need a Lender Referral? Click Here

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

In a Transitioning Market - EXPERIENCE MATTERS

CALL or TEXT PATRICK at 714.401.0893
SchwierGroupRealEstate.com

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 10/25/22 - 11/1/22

THE FED just raised Short Term Interest Rates 75 basis points.

What do the above housing inventory numbers indicate and how will the latest short term interest rate hike affect the market moving forward?

Slight uptick in the quantity of properties available for sale. I would expect this number of homes for sale to stagnate over the next couple of months. Prices will likely erode further depending on the amount of active inventory to purchase.
Pending properties (indicating buyer demand) has DROPPED 25% since the end of August to the start of September which had 764 properties in escrow the last week in August. In May the quantity of properties under contract was as high as 976 which indicates a drop of over 44% properties under contract.
Simply put you HAVE to price your property correctly if you plan to go to market and sell your home soon.
Total Sold:
October saw weekly closings ranging from 150-175. For the 1st week of November the quantity of sold has dropped to 125 properties sold. It goes without saying that as the quantity of properties in escrow drops so will the quantity of sold properties weekly.
Forecast: Lets watch the total numbers above to see if we bounce up with totals under contract and totals sold.
Check out our Yearly Housing Market Update.

Seller Tips
CALL Patrick to devise a game plan. 714 401 0893 - Let;s sit and evaluate how to sell your home in lieu of putting it on the market and watching it sit.

Buyer Tips
Let me help you find the right property. If it is not on the market I will find it for you.
Market directly to the area you want to purchase. Text or CALL Patrick to find out more about Personalized Markeing campaigns. CALL direct 714.401.0893

CREATE A HOME PRICE TARGET FOR YOURSELF
DO NOT wait until a seller drops to a price that works for you as likely that price also will work for someone else and then you are back in a multiple offer situation. Prices are dropping still and rates will adjust up but not forever. Buyers need to plan on finding their property and make an offer when the timing is right!
1. Arrive at a price that works for you
2. Contact the listing agent to alert the seller of interest of your client in their home.
3. Make sure the seller is aware of what you are willing to pay for a property.
4. Be persistent. As you know, the market and expectations can change in a hurry. If your offer is on top of mind for the seller and their agent. You may get the call sooner then you expect.

Rate Update - Need a Lender Referral? Click Here

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

In a Transitioning Market - EXPERIENCE MATTERS

CALL or TEXT PATRICK at 714.401.0893
SchwierGroupRealEstate.com

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 10/4/22 - 10/10/22

Evaluating Home Sale Trends from week to week..

What do the above numbers indicate and how do they relate moving forward?

Available properties slightly down week over week.
Total Pending properties (indicating buyer demand) may have hit a new norm. Last week we dropped under 700 properties 10% and for the 2nd week in a row we are now just under 640 properties under contract
Total Sold:
Huge drop in sales week over week -33%. Lets watch to see if this is setting a new norm as well. Could be just a weekly anomaly but need to watch that.
Forecast: Lets watch the total numbers above to see if we bounce up with totals under contract and totals sold.
Check out:
Yearly Housing Market Update.

Seller Tips
Understand your motives and price accordingly. CALL Patrick to devise a game plan. 714 401 0893

Text or CALL Patrick to Check out our Concierge Service - freemodel. We will help evaluate what we can do to your home to increase marketability, make the necessary repairs and get to market to achieve a higher sales price. Click Here to see how the process works.

Buyer Tips
Back into your purchase. Know what you can afford. Market directly to the area you want to purchase. Text or CALL Patrick to find out more about Personalized Markeing campaigns. CALL direct 714.401.0893

Rate Update - Need a Lender Referral? Click Here

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

In a Transitioning Market - EXPERIENCE MATTERS

CALL or TEXT PATRICK at 714.401.0893
SchwierGroupRealEstate.com

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 9/27/22 - 10/3/22

Evaluating Home Sale Trends from week to week..

What do the above numbers indicate and how do they relate moving forward?

Total available properties slightly increased week over week.
Total Pending properties (indicating buyer demand) has dropped 9.92% which direcdtly correlates to the increase in Closed Sales since last week up 18%..
Forecasting:
I would expect the number closings to go lower throughout the rest of the year. That being said properties are still being sold. Check out:
Year over Year Housing Market Update for Housing Trends in the select cities that we follow.

Seller Tips
Be hypervigilante about your pricing. Depending on your situation it is better to have offers coming in sooner rather then later.
Also do whatever you can to increase the marketability of your property.

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

In a Transitioning Market - EXPERIENCE MATTERS

CALL or TEXT PATRICK at 714.401.0893
SchwierGroupRealEstate.com

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 9/20/22 - 9/26/22

Evaluating Home Sale Trends over the last week and month.

What do the above numbers indicate?

Total available properties on the market FOR SALE increased for the 1st time in 6 weeks by 1.36%. Experts forecasted that the amount of homes for sale would increase at a faster rate then it has. This is true throughout Orange County that the amount of homes for sale has plateaued for the time being.
While the total number of properties For Sale has increased, the amount of properties under contract and closed has dropped every week since late August. This reflects a reduction in buyer demand due to highe interest rates and higher prices. See the chart below regading interest rates approaching 6.5% with another short term interest rate increase likely at the next Fed Meeting on November 1-2, 2022.
Over the next 90 days I would forecast that due to the holidays the amount of properties for sale Active on the market will stay the same. With the holidays coming up, typically the number of properties for sale and closed sales drops during the last quarter of the year. Where there are more properties for sale you will see price reductions. Days on Market will increase. Check out our Year over Year Housing Market Update for Housing Trends in the select cities that we follow.

Seller Tips (Same as last week)
Be smart about your list price with respect to the available inventory in your neighborhood. You have to know how your property compares to the rest of the active and sold inventory. Price accordingly. If you price correctly you should see solid interest in showings and offers.
Also do whatever you can to increase the marketability of your property. Check out our Concierge Service - freemodel. We will help evaluate what we can do to your home to increase marketability, make the necessary repairs and get to market to achieve a higher sales price. Click Here to see how the process works.

Buyer Tips (Same as last week)
Now is the time to be looking at property values and estimate a value that the property could adjust down to.
I would advise you to know what you can afford and make the appropriate offer by backing into your expected monthly payment.
Be patient if the sellers are not immediately accepting your inital offer. Be persistent with sellers that you are interested in buying their property and that you CAN perform!

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

In a Transitioning Market - EXPERIENCE MATTERS

CALL or TEXT PATRICK at 714.401.0893
SchwierGroupRealEstate.com

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 9/13/22 - 9/19/22

Evaluating Home Sale Trends over the last week and month.

What do the above numbers indicate?

The 5th week in a row the housing inventory available for sale has dropped in the 12 select cities we are following. We are under 1500 Properties Active on the market!
Housing prices are adjusting downward faster where there is more inventory such as both Huntington Beach and Irvine.
Lesser or more unique inventory still is seeing an uptick in buyer activity although prices have adjusted down a bit as well. Aliso Viejo, Laguna Beach, & Newport Beach are good examples.
In the next 3 - 4 months interest rates will hit a ceiling! You need to be able to make a bit of a hunch and get your timing rate. When rates come down the buyers will come back in herds!.

Seller Tips (Same as last week)
This next short term interest rate hike could be the straw that breaks the camels back... Or the next interest rate hike after that.
Be aggressive with your list price with respect to the available inventory in your neighborhood. You have to know how your property compares to the rest of the active and sold inventory. Price accordingly. If you price correctly you should see solid interest in showings and offers.

Buyer Tips
Now is the time to be looking at property values and what they may fall to.
I would advise you to know what you can afford and make the appropriate offer by backing into your expected monthly payment.
Be patient if the sellers are not immediately accepting your inital offer. Be persistent with sellers that you are interested in buying their property and that you CAN perform!

CREATE A HOME PRICE TARGET FOR YOURSELF
DO NOT wait until a seller drops to a price that works for you as likely that price also will work for someone else and then you are back in a multiple offer situation. Prices are dropping still and rates will adjust up a bit but not alot more. Buyers need to plan on finding their property and make an offer when the timing is right! How you say?
Come up with a price that works for you and make sure the seller is aware of what you are willing to pay for a property. As you know, the market and expectations can change in a hurry.

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& Market Report on your home!

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SchwierGroupRealEstate.com

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 9/6/22 - 9/12/22

Evaluating Home Sale Trends over the last week and month.

What do the above numbers indicate?

The 4th week in a row the housing inventory available for sale has slipped in the 12 select cities we are following.
Housing prices are adjusting downward faster where there is more inventory such as both Huntington Beach and Irvine.
Lesser or more unique inventory still is seeing an uptick in buyer activity although prices have adjusted down a bit as well. Aliso Viejo, Laguna Beach, & Newport Beach are good examples.
The amount of escrows which is an indicator of current buyer demand has dropped over 25% since last March. With the expected Short Term rates about to be raised 75 to 100 basis points, expect this trend to continue. The questions is will the amount of available homes and condos for sale increase as well? Watch those inventory counts. The higher the increase the more prices will need to adjust downward.
Tune in over the next couple of weeks to see how the short term rates rising will affect long term mortgage rates. 30 year are still under 6% but lets see how long that trend continues. Compare that to the increase or decrease in both housing inventory as well as the quantity of properties going into contract and closing. These trends can help you identify the right price to initiate your next Real Estate Transaction.

Seller Tips
This next short term interest rate hike could be the straw that breaks the camels back... Or the next interest rate hike after that.
Be aggressive with your list price with respect to the available inventory in your neighborhood. You have to know how your property compares to the rest of the active and sold inventory. Price accordingly. If you price correctly you should see solid interest in showings and offers.

CREATE A HOME PRICE TARGET FOR YOURSELF
DO NOT wait until a seller drops to a price that works for you as likely it will work for someone else and then you are back in a multiple offer situation.
Come up with a price that works for you and make sure the seller is aware of what you are willing to pay for a property. As you know, the market and expectations can change in a hurry.

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

In a Transitioning Market - EXPERIENCE MATTERS

CALL or TEXT PATRICK at 714.401.0893
SchwierGroupRealEstate.com

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 8/30/22 - 9/5/22

Evaluating Home Sale Trends over the last week.

What do the above numbers indicate?

The overall ACTIVE inventory for the 12 cities we follow above HAS DECREASED AGAIN THIS WEEK by an additional 40 properties no longer on the market week over week.

This is the 3rd week in a row that overall Housing Inventory has dropped. From a high of 1647 properties for sale in Mid August we have seen the total active housing inventory drop from 1647 to 1516 homes for sale.

This means in some areas like HB and Irvine you have more normalized markets but cities such as Aliso Viejo could see housing prices rise due to the lack of availability.

Highlighting where most of the active Inventory is:
Costa Mesa, Huntington Beach, Irvine and Newport Beach.

Lov Inventory areas:
Aliso Viejo - 62 (18 Single Family) - The lowest we saw was 9 Single Family Homes for sale earlier in the year. 18 is still historically low!
Laguna Hills - 49 (33 Single Family)

Sellers
Still a sellers market in city's like Aliso Viejo. However prices are still off their high of last March. You have to know how your property compares to the rest of the active and sold inventory.

Important Note to Buyers: Watch the inventory and know what you like. Have your pre-approval and purchase documents ready to make an offer when you find the property you like.
Prices have come down 10%-15% in some locations however you have to be able to identify a well priced property or a property with potential. If you are not previewing properties there is no way you will recognize a property that could make a Great Long Term Hold.
Don't be bashful and make an offer under list price. Get something on the table and see how the seller reacts to your offer and negotiate from there.

Click Here for a Free Monthly Home Evaluation
& Market Report on your home!

In a Transitioning Market - EXPERIENCE MATTERS

CALL or TEXT PATRICK at 714.401.0893
SchwierGroupRealEstate.com

Watch the Real Estate Video below

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 8/23/22 - 8/29/22

Evaluating Home Sale Trends over the last week.

What do the above numbers indicate?

The overall ACTIVE inventory for the 12 cities we follow above HAS DECREASED AGAIN THIS WEEK by an additional 21 properties no longer on the market week over week. For the last couple of weeks total active housing inventory has dropped from a high of 1647 home to 1556.
Many forecasted that property prices will plummet. I do and I do not agree.

You have to look at where all the Active Inventory is:

Costa Mesa - 115 (95 Single Family)
Huntington Beach - 245 (174 Single Family)
Irvine - 392 (192 Single Family)
Newport Beach - 154 (111 Single Family)

Low Active Inventory is below:

Aliso Viejo - 70 (23 Single Family)
Laguna Hills - 52 (35 Single Family)

Provided you price your house correctly in Aliso or Laguna Hills, it is still considered a Sellers Market.
However if you are looking to buy a condo in Irvine or a property in Huntington Beach now we are at a more normalized market where length of time to sale is taking more then 30 and could be approaching 60 days.

Iterest rates will rise a couple more times in the next 3-4 months. We are in a recession and this inflationary bubble could go on for another 2 - 3 YEARS!

Important note to Sellers: You have to price your property correctly! It would be better to list at 90% of your expected sale price and let the buyers bid up your price vs. over listing by 10-20%.

Click Here for a Free Monthly Home Evaluation & Market Report
on your home!

Find out What Your Home Would Rent For?
Click Here

In a Changing Market - EXPERIENCE MATTERS
CALL or TEXT PATRICK at 714.401.0893
SchwierGroupRealEstate.com

Video regarding the last weeks Active Inventory Decline!

Active / Coming Soon / Under Contract & Closed Housing Inventory
Data collected: 8/16 - 8/22

Evaluating Home Sale Trends over the last week and last month.

What do the above numbers indicate?

The overall ACTIVE inventory for the 12 cities we follow above DECREASED by 70 Properties as a total week over week. That is a huge decrease epecially since we have only increased the total Active Inventory of properties for sale over the last month by less then 60 homes.
This means that we are not replacing the total amount of inventory that is going off the market due to completed sales.
Over the last week the total closed properties in our sphere increased by 19 properties closing or an increase of 12% week over week which is what I would expect especially with such a dramatic decline in the amount of Active Inventory of properties.

Last weekend I previewed over 15 properties currently on the market. What I did see was alot of buyers checking out homes. This was the first weekend in a couple of months where I had seen so much activity. In tandem with lessening properties for sale and increased buyer demand I would expect more properties going under contract or selling over the next week.

Of course if interest rates rise again that may have another slow down effect however the quantity of homes on the market is still historically very low.

Important Note to Buyers: Walk the inventory and know what you like. Have your pre-approval and purchase documents ready to make an offer when you find the property you like. Prices have come down 10%-15% in some locations however you have to be able to identify a well priced property or a property with potential. If you are not previewing properties there is no way you will recognize a property that could make a Great Long Term Hold.
Don't be bashful and make an offer under list price. Get something on the table and see how the seller reacts to your offer and negotiate from there.

That being said, some cities such aAliso Viejo and Laguna Hills have very few homes on the market. So the more unique your property the more likely you could see multiple offers by pricing your property correctly!

Click Here for a Free Monthly Home Evaluation & Market Report
on your home!

Find out What Your Home Would Rent For?
Click Here

In a Changing Market - EXPERIENCE MATTERS
CALL or TEXT PATRICK at 714.401.0893

Active / Coming Soon / Under Contract Housing Inventory through

Tuesday August 16th, 2022 at 8:20 PM
Data collected: 8/9 - 8/15

Evaluating the Home Sale Trends over the last week.

The Market, Inventory, Demand and interest rates:
The overall ACTIVE inventory for the 12 cities we follow above increased by 12 Single Family Homes and the attached home quantity declined by 4 properties since last Tuesday.
Since July 9th there has only been an increase of 41 Properties for sale. The increase of active properties is not gaining momentum like it had from March through June of 2022.

1. What does this mean?
Interest rates are anywhere from 4.75% to 5.25%. Some cities like Aliso Viejo have less then 20 Single Family Homes Active on the market While we are definitely not in a 'Sellers Market' I would argue that in some cities the Sellers still have some leveredge provided you price your property correctly when you list your house for sale.

The more unique the property the more likely you will see good buyer interest.
.
For buyers, my advice to you would be;

Find a property you like that has been on the market for a minimum of 45-60 days. As your agent I will investigate more about the sellers desire to sell
Make an offer. Some sellers have to sell. We are experiencing a transition from a Seller market to a Normalized market so Sellers will be more open to negotiation.
Get into escrow and do your inspections. Make sure you can afford the rate. Rates will eventually drop. You do not want to wait for interest rates to drop as more buyers will start making offers creating multiple offer situations again. Another option is to get a credit and apply that to buy down the rate on your loan.

2. Incrase in overall properties for sale Week over week.
An increase of 8 total properties week over week. The total number of properties under contract / in escrow increased slightly so the buyer demand is still a bit sluggish.

3. Quantity of Single Family Homes for Sale:
Week over week there was no difference in the quantity of active properties on the market.

4. Quantity of Condominiums for Sale:
Week over week there was no difference in the quantity of active properties on the market.

5. Buyer Demand is still there especially with some downward pricing trends in many cities:
Escrow counts are virtually the same from last week.

Important note to Sellers: You have to price your property correctly! It would be better to list at 90% of your expected sale price vs. over listing by 10-20% - That does not fly in this market anymore.

Click Here for a Free Monthly Home Evaluation & Market Report!

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Find out What Your Home Would Rent For?
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Video Analysis of the last weeks Active Inventory & Buyer Demand

Updated - Tuesday August 9th, 2022 at 10:40 PM

Active / Coming Soon / Under Contract Housing Inventory through
Tuesday August 9th, 2022 at 10:40 PM

Date	City	Active	SFR	Condo	Pending
8/9/22	Aliso Viejo	68	20	48	39
8/9/22	Costa Mesa	111	89	22	54
8/9/22	Dana Point	76	52	24	36
8/9/22	Huntington Beach	270	190	80	151
8/9/22	Irvine	419	194	225	195
8/9/22	Laguna Beach	102	90	12	37
8/9/22	Laguna Hills	50	35	15	21
8/9/22	Laguna Niguel	127	82	45	62
8/9/22	Newport Beach	173	130	43	69
8/9/22	Newport Coast	44	35	9	10
8/9/22	San Clemente	134	113	21	59
8/9/22	San Juan Capistrano	65	52	13	35
Total		1639	1082	557	768

Evaluating the Home Sale Trends over the last week and month

The Market, Inventory & Demand are being defined by interest rates:
The overall inventory of homes in the 12 cities we are watching declined by 1 property since last week!
The amount of Single Family Homes on the market dropped by 3 properties and Attached properties increased by 2.

Virtually ZERO increase of Active properties for sale over the last week.

Since July 9th there has only been an increase of 36 Properties for sale in the cities we are following. Essentially the increase of active properties going on the market has stalled.

1. What does this mean?
No increase in inventory and decreasing interest rates equals an increase in buyer demand and an increase in properties going into escrow. Prices could rise if interest rates continue to drop. Watch out for MULTIPLE OFFERS coming back.
.
For buyers, my advice to you would be;

Find a property you like that has been on the market for a minimum of 45-60 days. As your agent I will investigate more about the sellers desire to sell
Make an offer. Some sellers have to sell. We are experiencing a transition from a Seller market to a Normalized market so Sellers will be more open to negotiation.
Get into escrow and do your inspections. Make sure you can afford the rate. Rates will eventually drop. You do not want to wait for interest rates to drop as more buyers will start making offers creating multiple offer situations again..

2. Incrase in overall properties for sale Week over week
Total Inventory decreased by 1 over the last week.

3. Largest increase of Single Family Homes:
Week over week there was no difference in the quantity of active properties on the market.

4. Largest increase of Condominiums:
Week over week there was no difference in the quantity of active properties on the market.

5. Buyer Demand has increased:
With lower interest rates, the amount of escrows increased since last week by 5% from 732 to 768 properties in escow

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Active / Coming Soon / Under Contract Housing Inventory through
Tuesday August 2nd, 2022 at 6:20 PM

Date	City	Active	SFR	Condo	Pending
8/2/22	Aliso Viejo	73	23	50	29
8/2/22	Costa Mesa	108	86	22	55
8/2/22	Dana Point	87	57	30	31
8/2/22	Huntington Beach	267	185	82	155
8/2/22	Irvine	403	190	213	189
8/2/22	Laguna Beach	101	87	14	38
8/2/22	Laguna Hills	47	33	14	21
8/2/22	Laguna Niguel	133	89	44	56
8/2/22	Newport Beach	177	136	41	62
8/2/22	Newport Coast	47	38	9	11
8/2/22	San Clemente	132	110	22	54
8/2/22	San Juan Capistrano	65	51	14	31
Total		1640	1085	555	732

Evaluating the Home Sale Trends.

Market In Flux - Each city is different:
There is a trend developing and each city is different. Scenario 1: Some cities areas are at a minimum of 10% increase in inventory of homes for sale and at the same time a minimum of 15% decrease in buyer demand and properties in escrow. Scenario 2: Other cities are seeing no growth or a reduction of inventory of homes for sale and an increase in buyer demand and properties in escrow.
Scenario 1 cities; Aliso Viejo, Costa Mesa, Laguna Hills, Newport Coast & San Clemente.
Scenario 2 cities; Dana Point, Laguna Beach and Newport Beach. Laguna has seen an increase of 65% of properties in escrow (under contract) over the last month. Dana Point (24% increase) in properties under contract and Newport Beach has increased by19%.

Evaluation of the above scenarios: The increase of homes for sale (active inventory) is not skyrocketing. Over the last month the total inventory has increased from 1,493 to 1,640 (9.73%). It is interesting to note that the amount of escows that have increased substantially are located in the highest priced markets - Laguna Beach and Newport Beach.
For buyers, my advice to you would be to find a property you like that has been on the market for a minimum of 45-60 days, we will investigate more about the sellers desire to sell and make an offer. Some sellers have to sell. We are experiencing a transition from a Seller market to a Normalized market so Sellers will be more open to negotiation.
Make an offer at the price you can afford without running into Massive Multiple Offers. Rates will change and you can refinance at a later date.
Increase in overall properties for sale:
Over the last 30 days there has been a 9.75% increase in available properties for sale in the 12 cities we have listed above.
Largest increase of Single Family Homes active for sale over the last month:
Costa Mesa (26%) from 68 to 86 Active single family homes for sale.
Newport Coast (30.5%) from 30 to 38 Active homes on the market.
Largest increase of Condominiums: active for sale in the last month
Aliso Viejo: 21.95%
Costa Mesa: 29.41%
Irvine: 19%
Laguna Hills: 55.5%
Laguna Niguel: 46.7%
Newport Coast: 50%
San Juan Capistrano: 55.6
Inventory vs Buyer Demand is Fluctuating:
Sellers: Buyers are out there so you have to price your property correctly. It would be better to list at 95% of your expected sale price vs. over listing by 10-20% - That does not fly in this market anymore.
Buyers - Do your homework on the property. Find out what the seller is selling. Note Days on Market. Know what you can afford and we can discuss what would the proper offer to submit. Now is a better time to make offers without the multiple offer syndrome we have seen for the last 18 months.

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Find out What Your Home Would Rent For?
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Active / Coming Soon / Under Contract Housing Inventory through
Tuesday July 26th, 2022 at 6:20 PM

Date	City	Active	SFR	Condo	Pending
7/26/22	Aliso Viejo	67	25	42	32
7/26/22	Costa Mesa	116	97	19	49
7/26/22	Dana Point	83	54	29	35
7/26/22	Huntington Beach	261	178	83	163
7/26/22	Irvine	401	186	215	192
7/26/22	Laguna Beach	99	86	13	39
7/26/22	Laguna Hills	46	34	12	21
7/26/22	Laguna Niguel	132	91	41	60
7/26/22	Newport Beach	189	142	47	53
7/26/22	Newport Coast	41	33	8	12
7/26/22	San Clemente	126	102	24	50
7/26/22	San Juan Capistrano	65	49	16	27
Total		1626	1077	549	733

Evaluating the Home Sale Trends over the last 2 weeks.

Market In Flux - Each city is different:
'Each city I am following is seeing different results due to changing market conditions'. I stated this last week and as of today that has not changed. Some cities have increasing inventories of homes for sale and lessening buyer demand (Dana Point, Newport Beach & San Clemente) however other cities have actually seen the inventory of available housing decrease and buyer activity go up or stabilize over the last 2 weeks (Aliso Viejo, Huntington Beach, Laguna Beach & Laguna Hills)

My take on the current market is that despite what I hear everyone saying that inventory is going to go through the roof, I see that there are alot of buyers waiting to purchase something that they feel is a reasonable value. They realize the market peaked in March 2022 and now are waiting to see what comes on the market that suits there needs. My Advice to you would be to find a property you like - make an offer and get into escrow at the price you can afford without running into Massive Multiple Offers. Rates will change and you can refinance at a later date.
Increase in overall properties for sale:
Just like last week, there was virtually no increase in overall new properties on the market.
Largest increase of Single Family Homes active for sale over the last week:
Dana Point, Newport Beach & San Clemente.
Largest increase of Condominiums: active for sale in the last week
Dana Point & San Clemente.
Inventory vs Buyer Demand is Fluctuating: There are buyers out there! However you HAVE to price your property correctly. Choosing an Experienced Real Estate Broker can help you arrive at an Accurate Evaluation.

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Active / Coming Soon Homes For Sale Totals through Tuesday
July 19th, 2022 at 9:47 PM

Date	City	Active	SFR	Condo	Pending
7/19/22	Aliso Viejo	70	28	42	33
7/19/22	Costa Mesa	120	101	19	44
7/19/22	Dana Point	75	51	24	33
7/19/22	Huntington Beach	270	183	87	144
7/19/22	Irvine	389	186	203	188
7/19/22	Laguna Beach	104	91	13	32
7/19/22	Laguna Hills	52	35	17	18
7/19/22	Laguna Niguel	135	93	42	67
7/19/22	Newport Beach	176	132	44	57
7/19/22	Newport Coast	42	33	9	12
7/19/22	San Clemente	117	96	21	59
7/19/22	San Juan Capistrano	69	54	15	30
Total		1619	1083	536	717

Evaluating the Home Sale Trends over the last 2 weeks

Market In Flux:
Each city I am following is having different results due to changing market conditions.
Some cities like Aliso Viejo, Costa Mesa, Irvine and Huntington Beach.are seeing increases of Active homes for sale and less demand as the there has been a consistent drop of propeties under contract. This trend has been occuring since Mid May in these cities.
Other cities are seeing a drop in Active inventory counts for sale and higher buyer demand like Newport Coast and Newport Beach. So less home are on the market and more have gone under contract. This means there are buyers out there and they are waiting for more inventory, lower rates, or a combination of both.
Increase in overall properties for sale:
Since last week there was less then 1% increase in the total properties for sale. This is one of the slowest weeks I have seen in the last 2 months.regarding an increase of homes for sale.
Largest increase of Single Family Homes active for sale over the last week:
Aliso Viejo: 21% increase of homes for sale, from 23 to 28 now on the market.
Laguna Hills 9% increase from 32 to 35 Single Family Homes now on the market..
Largest increase of Condominiums: active for sale in the last week
San Juan Capistrano: 25% increase from 12 tp 15 Condos now on the market.
Inventory vs Buyer Demand is Fluctuating: There are buyers out there! I have seen in my own neighborhood prices drop in the last couple of months. Specific models that sold for as high as 1.7M now would sell for closer to 1.5M. Value and higher end amenities are still helping to sell some homes in under 10 days still but the property has to be priced intelligently. Click Here for a Free Monthly Home Evaluation & Market Report!

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or
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Active / Coming Soon Homes For Sale Totals through Tuesday
July 12th, 2022 at 10:15 PM

Date	City	Active	SFR	Condo	Pending
7/12/22	Aliso Viejo	66	23	43	39
7/12/22	Costa Mesa	111	94	17	55
7/12/22	Dana Point	82	52	30	24
7/12/22	Huntington Beach	262	172	90	149
7/12/22	Irvine	383	188	195	196
7/12/22	Laguna Beach	112	100	12	26
7/12/22	Laguna Hills	47	32	15	24
7/12/22	Laguna Niguel	132	93	39	66
7/12/22	Newport Beach	180	137	43	53
7/12/22	Newport Coast	46	34	12	8
7/12/22	San Clemente	118	100	18	55
7/12/22	San Juan Capistrano	67	55	12	33
Total		1606	1080	526	728

Evaluating the Home Sale Trends over the last 2 weeks

Decrease in Demand plus higher rates:
On May 10th 2022 there were 976 properties in escrow. As of today there are 728 properties in escrow which equates to a 25% DROP in demand.
Higher interest rates are slowing down demand and prices are now sliding from an all time high. We are heading into a more normalized market which has not been 'The Norm' for close to 8 or more years.
Since March 3rd 2022 the amount of active properties for sale in the cities we are reporting on here has increased by 165% from just over 600 properties on the market to 1,604.
Largest increase of Single Family Homes active for sale over the last week:
Costa Mesa: 38% increase from 68 to 94 Single Family Homes now on the market.
Irvine (383) and Huntington Beach (262) have the most homes for sale currently. Those numbers are up since March 2022 by 175% and 177% respectively.
Largest increase of Condominiums active for sale in the last week
Laguna Niguel: 30% increase from 30 tp 39 Condos now on the market.

Patricks Note's:

Available overall housing inventory increased since March by 165% which is a trend I expect to see moving forward for the next couple of months. Interest rates just dropped a bit so lets see if that increase demand and puts more homes into escrow.

First step to selling your home is to know where you are going first. Lets talk Real Estate Strategy!

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It is IMPERATIVE to find a Broker with decades of experience who understands the current market trends and knows how to evaluate, negotiate and help you achieve your Real Estate objectives.

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for your next Real Estate Transaction!
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Active / Coming Soon Homes For Sale Totals through Saturday
July 9th, 2022 at 9:33 AM

Date	City	Active	SFR	Condo	Pending
7/9/22	Aliso Viejo	61	24	37	37
7/9/22	Costa Mesa	107	88	19	55
7/9/22	Dana Point	82	55	27	23
7/9/22	Huntington Beach	262	179	83	158
7/9/22	Irvine	392	193	199	198
7/9/22	Laguna Beach	108	97	11	25
7/9/22	Laguna Hills	42	26	16	27
7/9/22	Laguna Niguel	132	96	36	63
7/9/22	Newport Beach	181	139	42	52
7/9/22	Newport Coast	44	33	11	11
7/9/22	San Clemente	122	101	21	56
7/9/22	San Juan Capistrano	71	58	13	32
Total		1604	1089	515	737

Evaluating the Home Sale activity trends since June 28th, 2022

Decrease in Demand:
On May 10th 2022 there were 976 properties in escrow. As of today there are 737 properties in escrow for a 25% DROP in demand. Higher rates are causing the amount of properties in escrow to drop each week since May 10th 2022 as prices are remaining high causing the inventory to grow and less properties to enter contract. What this means for a seller is that you HAVE to price your property correctly or it will sit on the market.
Since June 28th 2022 the amount of active properties for sale in the cities we are reporting on here has increased by 7.43% from 1,493 to 1,604..
Largest increase of Single Family Homes active for sale since June 28th 2022:
Costa Mesa - 29.41% increase - (+20 SFR Homes) but an increase of only 2 Condos in Costa Mesa over the same time period.
San Juan Capistranos - 20.83% increase - (+10 SFR Homes) from 48 to 58 Single family homes for sale.
Largest increase of Condominiums active for sale since June 28th 2022.
Irvine - 11.17% increase - (+20 Condos) from 179 condos active to 199 for sale.

Patricks Note's:
I took a couple days off to go camping over the last week. The next weekly report will be generated next Tuesday night the 12th of July.

Available overall housing inventory increased since our last review by over 7% which is a trend I expect to see moving forward for the next couple of months. Interest rates just dropped a bit so lets see if that increase demand and puts more homes into escrow.

First step to selling your home is to know where you are going first. Lets talk Real Estate Strategy!

Find out how much your home is worth. Click below:
Tell Me What My Home is Worth

Are you planning on Buying or Selling in a transitioning market?

It is IMPERATIVE to find a Broker with decades of experience who understands the current market trends and knows how to evaluate, negotiate and help you achieve your Real Estate objectives.

CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
or
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EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals through Tuesday

June 28, 2022 at 8:33 PM

Date	City	Active	SFR	Condo	Pending
6/28/22	Aliso Viejo	62	21	41	41
6/28/22	Costa Mesa	85	68	17	60
6/28/22	Dana Point	86	55	31	25
6/28/22	Huntington Beach	248	170	78	149
6/28/22	Irvine	364	185	179	235
6/28/22	Laguna Beach	101	88	13	23
6/28/22	Laguna Hills	36	27	9	29
6/28/22	Laguna Niguel	118	88	30	70
6/28/22	Newport Beach	182	136	46	52
6/28/22	Newport Coast	36	30	6	13
6/28/22	San Clemente	118	97	21	68
6/28/22	San Juan Capistrano	57	48	9	31
Total		1493	1013	480	796

Evaluating the Home Sale activity trends over the last week.

Small 2.4% increase of active property inventory for sale.
Net loss of 16 'Pending' homes which means buyer demand is dropping slightly. This has happened for 2 weeks in a row now.
Largest increase of Single Family Homes for sale week over week:
Laguna Hills - 22% - (+5 SFR Homes)
Decrease of overall condos for sale by over 1%
Patricks Note's: Typically I would expect the housing inventory to be increaseing by 5-10% per week. Over the last couple of weeks the inventory growth has been minimal and the amount of properties 'Pending or Under Contract' has dropped. With higher interest rates I would expect home prices to drop further especially in Irvine and Huntington Beach. Some cities like Aliso Viejo are insulated a bit as there is still such a low amount of inventory that any high quaily well priced home should sell fast. Aliso Viejo only has 21 homes for sale but the inventory for condos has increased to 41. Find out how much your home is worth. Click below:

Tell Me What My Home is Worth

Are you planning on Buying or Selling in a transitioning market?
It is IMPERATIVE to find a Broker with decades of experience who understands the current market trends and knows how to evaluate, negotiate and help you achieve your Real Estate objectives.

CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
Click Here to Set an Appointment
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals through Tuesday

June 21, 2022 at 11:04 PM

Date	City	Active	SFR	Condo	Pending
6/21/22	Aliso Viejo	58	19	39	50
6/21/22	Costa Mesa	84	68	16	69
6/21/22	Dana Point	86	54	32	34
6/21/22	Huntington Beach	232	159	73	147
6/21/22	Irvine	359	175	184	219
6/21/22	Laguna Beach	95	83	12	23
6/21/22	Laguna Hills	31	22	9	34
6/21/22	Laguna Niguel	119	84	35	71
6/21/22	Newport Beach	175	132	43	57
6/21/22	Newport Coast	38	32	6	13
6/21/22	San Clemente	120	97	23	60
6/21/22	San Juan Capistrano	61	48	13	35
Total		1458	973	485	812

Evaluating the Home Sale activity trends since last week and since 1st week of March 2022.

Large increase of propeties (Sfr + Condo) for sale over the last week:
Irvine - 17% increase of additional properties on the market (52 properties)
San Juan Capistrano - 17% increase (9 properties)
Laguna Beach - 10% increase.(9 properties)
Overall from last week to this week in the cities listed above there was over 8.8% increase of new housing inventory. Pay attention to the # of Pending properties as well as that number which has been averaging closer to 900 - 925 total properties in escrow over the last couple of months and has dropped to 812 for this week. Could just be a glitch but this could be an INDICATOR of less demand for homes.
Since the 1st week of March the quantity of available home for sale has increased from 554 homes for sale to 1,458 currently or 263% increase.
Largest increase of Single Family Homes for sale week over week:
Irvine - 9.385% - (+15 SFR Homes)
San Clemente - 12.79% - (+11 SFR Homes)
Huntington Beach - 9.66% - (+14 SFR Homes)
Largest increase of Condos for Sale week over week.
Irvine - 25.17% - (+37 Condos)
Dana Point- 9.66% - (+8 Condos)
It is important to watch the pending counts weekly. With increasing inventory if these pending counts per week continue to drop then we are seeing a viable drop in housing purchases for the first time in years. Check back weekly and lets talk about your Real Estate Objectives.

CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
Click Here to Set an Appointment
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals through Tuesday
June 14, 2022 at 9:04 PM

Date	City	Active	SFR	Condo	Pending
6/14/22	Aliso Viejo	53	18	35	52
6/14/22	Costa Mesa	80	68	12	71
6/14/22	Dana Point	79	55	24	34
6/14/22	Huntington Beach	217	145	72	143
6/14/22	Irvine	307	160	147	230
6/14/22	Laguna Beach	86	74	12	30
6/14/22	Laguna Hills	31	20	11	36
6/14/22	Laguna Niguel	114	82	32	65
6/14/22	Newport Beach	175	128	47	61
6/14/22	Newport Coast	37	30	7	13
6/14/22	San Clemente	109	86	23	64
6/14/22	San Juan Capistrano	52	44	8	42
Total		1340	910	430	841

Evaluating the Home Sale activity trends since last week.

For the first time in 12 weeks some cities such as Dana Point, Irvine & San Clemente did not increase with respect to the amount of properties available for sale.
Costa Mesa jumped19% from 67 to 80 Active properties for sale.
Where do I see the biggest price drops coming? Irvine
Homes are priced too high. The homes priced at 2M - 4M will likely see a 20% -35% price adjustment. Especially when Active inventory reaches over 500 properties.
Laguna Niguel and San Juan increased home inventory by 9% and 15% in the last week.
If you are planning on selling you have to know the housing inentory and the housing trends that will affect home values.. Let us help you understand how achieve your real estate objectives.

Are you planning on Buying or Selling in a transitioning market?

It is IMPERATIVE to find a Broker with decades of experience who understands the current market trends and knows how to evaluate, negotiate provide a streamlined escrow

CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
Click Here to Set an Appointment
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals through Tuesday

June 7,2022 at 9:04 PM

Date	City	Active	SFR	Condo	Pending
6/7/22	Aliso Viejo	51	16	35	50
6/7/22	Costa Mesa	67	55	12	71
6/7/22	Dana Point	81	54	27	26
6/7/22	Huntington Beach	207	142	65	150
6/7/22	Irvine	314	168	146	235
6/7/22	Laguna Beach	81	71	10	28
6/7/22	Laguna Hills	33	22	11	35
6/7/22	Laguna Niguel	104	71	33	76
6/7/22	Newport Beach	163	118	45	71
6/7/22	Newport Coast	33	7	26	14
6/7/22	San Clemente	118	90	28	57
6/7/22	San Juan Capistrano	45	42	3	47
Total		1297	856	441	860

Evaluating the last week over week trends for early June

Total Housing inventory is growing about 5-10% every week currently.
Days on Market are increasing in many areas. However some cities such as Aliso Viejos still have incredibly low inventory and are definitely leaning towards a sellers market still.
Laguna Niguel saw an increase of 22 new properties for sale over the last week or an increase of 26% from 82 to 104 properties on the market.
Costa Mesa, Dana Point, Huntington Beach & Irvine all saw an increase in the quantitiy of homes for sale from 6% - 11%.. Laguna Hills had a 17% increase in new properties hitting the market.

Are you planning on Buying or Selling?
1st goal is to find a Broker with decades of experience who understands the current market trends and knows how to evaluate, negotiate provide a streamlined escrow.

2nd step...
CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
Click Here to Set an Appointment
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals thru Tuesday
May 31, 2022 at 9:04 PM

Date	City	Active	SFR	Condo	Pending
5/31/22	Aliso Viejo	54	15	39	45
5/31/22	Costa Mesa	63	49	14	70
5/31/22	Dana Point	76	54	22	22
5/31/22	Huntington Beach	187	124	63	159
5/31/22	Irvine	283	159	124	241
5/31/22	Laguna Beach	82	69	13	24
5/31/22	Laguna Hills	28	17	11	36
5/31/22	Laguna Niguel	82	58	24	83
5/31/22	Newport Beach	161	119	42	74
5/31/22	Newport Coast	34	29	5	16
5/31/22	San Clemente	116	89	27	54
5/31/22	San Juan Capistrano	45	40	5	52
Total		1211	822	389	877

Evaluating trends since March 8, 2022

Total Housing inventory for sale in Aliso Viejo up 184% since 1st week of March 2022. Inventory in March was only 19 properties and now we are at 54. More normalized market would see over 100 properties for sale at any given time.
Total Housing Inventory for sale overall in the last 3 monts has gone from 554 properties for sale to 1211 which is 118% increase.
Since 1st week of March 2022, available homes and condos for sale has increased by:

Aliso Viejo - 184%
Costa Mesa - 125%
Huntington Beach - 96%
Irivne - 105%
Newport Beach - 140%
San Clemente - 152%
We are still at least 200% under the amount of homes that would be for sale in a 'Normalized' Market.

2nd step...
CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
Click Here to Set an Appointment
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals thru
Tuesday May 24, 2022 at 6:24 PM

Date	City	Active	SFR	Condo	Pending
5/24/22	Aliso Viejo	51	15	36	55
5/24/22	Costa Mesa	64	51	13	77
5/24/22	Dana Point	77	51	26	22
5/24/22	Huntington Beach	173	110	63	182
5/24/22	Irvine	281	150	131	267
5/24/22	Laguna Beach	79	64	15	26
5/24/22	Laguna Hills	30	17	13	36
5/24/22	Laguna Niguel	82	59	23	74
5/24/22	Newport Beach	157	118	39	73
5/24/22	Newport Coast	36	27	9	15
5/24/22	San Clemente	113	79	34	57
5/24/22	San Juan Capistrano	47	43	4	52
Total		1190	784	406	936

Evaluating week over week results and trend analysis

7% increase of Active Inventory from last week to this week. Some cities (Aliso Viejo) continues to have low inventory so I expect that you pay attention to your list price to make sure you get multiple offers.
Irvine increase housing inventory by over 10% in the last 7 days. San Clemente increased over 20% in the last week going from 94 properties to 113 for sale.
I expect rates may go as high as 6% but do expecdt them to settle down by the end of the year closer to 5%.
South Orange County is a bit of an enigma. While you may be hearing that prices are dropping and Days on Market is increasing however that isnt so much the case for the cities that we are covering. If you are thinking of listing you need to EVALUATE the Sale Price and have a Sales Plan to acheive your price goals.

Are you planning on Buying or Selling?
1st goal is to find a Broker with decades of experience who understands the current market trends and knows how to negotiate.

2nd step...
CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
Click Here to Set an Appointment
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals thru Tuesday May 17, 2022 at 6:24 PM

Date	City	Active	SFR	Condo	Pending
5/17/22	Aliso Viejo	49	13	36	57
5/17/22	Costa Mesa	67	51	16	67
5/17/22	Dana Point	66	44	22	29
5/17/22	Huntington Beach	164	105	59	176
5/17/22	Irvine	254	138	116	269
5/17/22	Laguna Beach	73	60	13	29
5/17/22	Laguna Hills	33	19	14	32
5/17/22	Laguna Niguel	90	66	24	73
5/17/22	Newport Beach	139	105	34	77
5/17/22	Newport Coast	31	24	7	18
5/17/22	San Clemente	94	67	27	64
5/17/22	San Juan Capistrano	50	46	4	47
Total		1110	738	372	838

Evaluating week over week results and trend analysis.

Since first week of March 2022, total housing Inventory for sale has gone up from 554 to 1110 properties or a 200% increase!.
Some cities still have very low inventory of Single Family Homes for sale. By far, Aliso Viejo is a prime example of only having 13 Single family homes for sale currently.
As inventory increases, the longer properties should stay on the market. However currently the inventory counts of available homes are not increasing faster then the demand. In most areas we are still seeing a SELLERS MARKET.
Irvine and Huntington Beach have seen the largest amount of housing inventory over the last 3 months.

Are you planning on Buying or Selling?
1st goal is to find a Broker with decades of experience who understands the current market trends and knows how to negotiate.

2nd step...
CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
Click Here to Set an Appointment
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals thru Tuesday
May 10, 2022 at 7:01 PM
Data Collected 5/3 - 5/9

Date	City	Active	SFR	Condo	Pending	Closed
5/10/22	Aliso Viejo	54	9	45	55	9
5/10/22	Costa Mesa	67	47	20	65	20
5/10/22	Dana Point	58	39	19	41	12
5/10/22	Huntington Beach	154	103	51	187	27
5/10/22	Irvine	247	130	117	275	59
5/10/22	Laguna Beach	68	53	15	39	10
5/10/22	Laguna Hills	26	15	11	32	2
5/10/22	Laguna Niguel	92	70	22	74	17
5/10/22	Newport Beach	124	97	27	71	13
5/10/22	Newport Coast	25	25	0	19	4
5/10/22	San Clemente	80	60	20	75	13
5/10/22	San Juan Capistrano	48	40	8	43	13
Total		1043	688	355	976	199

Evaluating week over week results and trend analysis.

Since first week of March 2022, total housing Inventory for sale has gone up from 554 to 1043 properties or a 188% increase!. Expect to see the number of Active/Coming Soon properties for sale to increase by at least 20% each month moving forward.
Some cities still have very low inventory of Single Family Homes for sale. Aliso Viejo is a prime example of only having 10 homes for sale currently.
30 year conforming loan rates up to 5.57%. This will continue to lessend demand for properties at their current pricing and create more housing inventory to choose from..
When interest rise typically condos tend to increase in inventory first and then Single Family Homes. Aliso Viejo saw a 21% increase in the number of condominiums for sale over the last week. However Aliso Viejo still has very little Single Family homes on the market helping to off set any price drops due to lack of inventory.

Are you planning on Buying or Selling?
1st step is find a Broker who knows the inventory.

2nd step...
CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
Click Here to Set an Appointment
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals - Tuesday May 2, 2022
Data Collected 4/26 - 5/2

Date	City	Active	SFR	Condo	Pending	Closed
5/3/22	Aliso Viejo	47	10	37	57	14
5/3/22	Costa Mesa	63	45	18	43	17
5/3/22	Dana Point	62	42	20	43	12
5/3/22	Huntington Beach	151	106	45	164	39
5/3/22	Irvine	243	113	130	286	54
5/3/22	Laguna Beach	68	53	15	42	10
5/3/22	Laguna Hills	22	14	8	30	9
5/3/22	Laguna Niguel	86	68	18	72	13
5/3/22	Newport Beach	120	94	26	66	14
5/3/22	Newport Coast	27	19	8	18	5
5/3/22	San Clemente	79	59	20	67	22
5/3/22	San Juan Capistrano	51	43	8	44	10
Total		951	613	338	870	219

Active Inventory this week as compared to first week of April 2022

Total Active Housing Inventory up 172% - Increased from 554 properties to 951 Active or Coming Soon on the market.
Largest quantity of home increases for sale are in Huntington Beach and Irvine. Respectively, Huntington Beach has increased from 95 to 151 homes for sale (59%) and Ircine has increased properties for sale from 138 to 243.
Total Active Property count of Homes for sale has increased 172%
Total Actvie Condominiums on the market for sale has increased 179% from 188 Condos for sale in March to 338 Condos for sale as of today.

Inventory is increasing so as a Buyer or Seller the first thing you need to do is know the community you are planning on buying or selling in. Let us help you with your next Real Estate Sale or Purchase.

Are you planning on Buying or Selling?
1st step is know the inventory.

2nd step...
CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
Click Here to Set an Appointment
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals - Tuesday April 26, 2022

Date	City	Active	SFR	Condo	Pending
4/26/22	Aliso Viejo	49	9	40	47
4/26/22	Costa Mesa	66	48	18	64
4/26/22	Dana Point	62	40	22	43
4/26/22	Huntington Beach	148	96	52	159
4/26/22	Irvine	229	110	119	252
4/26/22	Laguna Hills	25	14	11	28
4/26/22	Laguna Niguel	83	64	19	66
4/26/22	Newport Beach	115	86	29	66
4/26/22	Newport Coast	25	20	5	20
4/26/22	San Clemente	74	59	15	74
4/26/22	San Juan Capistrano	53	44	9	40
Total		929	590	339	859

Evaluating Active Inventory this week as opposed to March 2022.

Total Active Housing Inventory up 167% - Increased from 554 properties to 929 Active or Coming Soon on the market.
Active inventory count of Condominiums for Sale in Aliso Viejo, Costa Mesa & San Juan Capistrano all up over 300%.
Total Active Property count of Homes for sale has increased 61%
Total Actvie Condominiums on the market for sale has increased 80%

Inventory is increasing so as a Buyer or Seller the first thing you need to do is know the community you are planning on buying or selling in. Let us help you with your next Real Estate move.

If you are buying or selling?
1st step is know the inventory.

2nd step...
CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals - Tuesday April 19, 2022

Date	City	Active	SFR	Condo	Pending
4/19/22	Aliso Viejo	40	7	33	46
4/19/22	Costa Mesa	63	47	16	61
4/19/22	Dana Point	52	38	14	47
4/19/22	Huntington Beach	146	89	57	151
4/19/22	Irvine	214	109	105	257
4/19/22	Laguna Hills	29	15	14	23
4/19/22	Laguna Niguel	79	58	21	62
4/19/22	Newport Beach	105	76	29	73
4/19/22	Newport Coast	28	22	6	19
4/19/22	San Clemente	63	47	16	77
4/19/22	San Juan Capistrano	37	31	6	47
Total		856	539	317	863

Evaluating Active Inventory this week over last week.

Total Housing Inventory up 11%
Irvine and Huntington Beach are carrying most of the increase of inventory.
Active SFR (Single Family) has increased by 10%
Active Condos has increased 14%

Evaluating Active Inventory from 4/19/22 back to March 2022

54% Increase of Actve Homes on the market
48% increase of Active Single Family Homes on the market.
68% Increase in Active Condos on the market since March 8, 2022
Aliso Viejo - 210% Active homes on the market Increase (Sounds like alot but that is because there was such high demand for homes in Aliso Viejo.)
Costa Mesa - 213% increase of quantity of Homes Active on the market.
Laguna Niguel - 61% increase of quantity of Active Homes on the marke

Inventory is increasing so as a Buyer or Seller the first thing you need to do is know the community you are planning on buying in. Let us help you with your next Home Sale or Purchase..

If you are buying or selling?
1st step is know the inventory.

2nd step...
CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals - Tuesday April 12, 2022

Date	City	Active	SFR	Condo	Pending
4/12/22	Aliso Viejo	32	4	28	52
4/12/22	Costa Mesa	54	39	15	64
4/12/22	Dana Point	43	32	11	54
4/12/22	Huntington Beach	129	78	51	151
4/12/22	Irvine	196	106	90	273
4/12/22	Laguna Hills	16	9	7	26
4/12/22	Laguna Niguel	68	48	20	65
4/12/22	Newport Beach	95	72	23	82
4/12/22	Newport Coast	31	23	8	19
4/12/22	San Clemente	65	48	17	78
4/12/22	San Juan Capistrano	37	31	6	45
Total		766	490	276	909

Evaluating Active inventory this week over last week.

Total Housing Inventory up 12%
Irvine and Huntington Beach are still carrying most of the increase of inventory.
Active SFR (Single Family) has increased by 10%
Active Condos has increased 14%.Still a Sellers Market however both Sellers & Buyers need to do their homework on the communities they plan to buy in.

If you are buying or selling? 1st step is know the inventory.

2nd step...
CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals - Tuesday April 5, 2022

Date	City	Active	SFR	Condo	Pending
4/5/22	Aliso Viejo	28	7	21	54
4/5/22	Costa Mesa	46	30	16	66
4/5/22	Dana Point	47	34	13	45
4/5/22	Huntington Beach	100	61	39	161
4/5/22	Irvine	180	101	79	274
4/5/22	Laguna Hills	8	5	3	31
4/5/22	Laguna Niguel	54	39	15	81
4/5/22	Newport Beach	97	73	24	77
4/5/22	Newport Coast	28	20	8	19
4/5/22	San Clemente	58	47	11	86
4/522	San Juan Capistrano	31	25	6	46
Total		677	442	235	940

If you are buying or selling? 1st step is know the inventory.

CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals - Tuesday March 29, 2022

Date	City	Active	SFR	Condo	Pending
3/29/22	Aliso Viejo	23	6	17	60
3/29/22	Costa Mesa	52	39	13	65
3/29/22	Dana Point	49	40	9	50
3/29/22	Huntington Beach	103	62	41	160
3/29/22	Irvine	164	85	79	283
3/29/22	Laguna Hills	13	8	5	32
3/29/22	Laguna Niguel	56	37	19	95
3/29/22	Newport Beach	81	64	17	85
3/29/22	Newport Coast	27	22	5	21
3/29/22	San Clemente	58	46	12	90
3/29/22	San Juan Capistrano	41	33	8	40
Total		667	442	225	981

If you are buying or selling you need to know the inventory.

CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals - Tuesday March 22, 2022

Date	City	Active	SFR	Condo	Pending
3/22/22	Aliso Viejo	22	9	13	55
3/22/22	Costa Mesa	59	45	14	59
3/22/22	Dana Point	50	42	8	54
3/22/22	Huntington Beach	116	74	42	167
3/22/22	Irvine	167	88	79	282
3/22/22	Laguna Hills	15	9	6	37
3/22/22	Laguna Niguel	73	38	35	83
3/22/22	Newport Beach	75	57	18	86
3/22/22	Newport Coast	30	25	5	22
3/22/22	San Clemente	52	40	12	84
3/22/22	San Juan Capistrano	39	31	8	38
Total		698	458	240	967

Weekly Notes: Since the 1st week of March the Active inventory has increaesed by 26% in the 11 cities we review weekly. Note the tables above and below. Some cities such as Aliso Viejo are stagnant with fewer new listings. Other cites such as Irvine and HB are seeing growth up to 20% or more.

If you are buying or selling you need to know the inventory.

CALL or TEXT PATRICK at 714.401.0893
for your next Real Estate Transaction!
EXPERIENCE MATTERS

Active / Coming Soon Homes For Sale Totals - Tuesday March 15, 2022
Data Collected 3/8 - 3/14

Date	City	Active	SFR	Condo	Pending	Closed
3/15/22	Aliso Viejo	22	9	13	50	17
3/15/22	Costa Mesa	43	30	13	53	14
3/15/22	Dana Point	50	41	9	52	12
3/15/22	Huntington Beach	109	69	40	169	37
3/15/22	Irvine	166	84	82	174	52
3/15/22	Laguna Hills	12	6	6	44	9
3/15/22	Laguna Niguel	64	39	25	85	23
3/15/22	Newport Beach	87	61	26	74	15
3/15/22	Newport Coast	28	27	1	22	2
3/15/22	San Clemente	56	40	16	80	19
3/15/22	San Juan Capistrano	37	34	3	34	12
Total		674	440	234	837	212

Active / Coming Soon Homes For Sale Totals - Monday March 7, 2022

Date	City	Total	SFR	Condo
3/7/22	Aliso Viejo	19	7	12
3/7/22	Costa Mesa	28	22	6
3/7/22	Dana Point	41	33	8
3/7/22	Huntington Beach	95	58	37
3/7/22	Irvine	138	80	58
3/7/22	Laguna Hills	14	7	7
3/7/22	Laguna Niguel	54	36	18
3/7/22	Newport Beach	67	49	18
3/7/22	Newport Coast	25	20	5
3/7/22	San Clemente	46	30	16
3/7/22	San Juan Capistrano	27	24	3
Total		554	366	108

Why is watching the inventory count important?

Inventory of Homes for Sale is at an all time low. For instance, Aliso Viejo has a total of 19 Homes for sale. A 'Normal' Market would include over 75-100 homes for Sale in Aliso Viejo

What will affect the future of Housing Costs

The longer we have increased inflation, housing prices will increase while there is a significant lack of inventory. 2022 could see another 20% or more housing value increase. Be sure to watch the Active Inventory to measure whether prices will continue to rise or flat line.
Until the Russian - Ukraine War is settled, oil could go to as high as $160/barrel however the price should average around $100 - $110/Barrel
Due to inflation and increasing crude oil costs, all costs of consumer goods will increase.
Gas, Food & most consumer goods could rise an addtional 15 -25% over the next 6 months - Year and will continue until the US becomes less reliant on energies provided by other countries.
Housing inventories will increase in direct correlation to the cost of consumer good prices going up. People will need to prioritize where their money is spent and the housing market after increasing by close to 40% in the last 18 months will begin to cool off. As interest rates continue to climb housing inventores should increase causing, eventually,, a flattening and eventual dropping of housing prices.
If you are Selling and Thinking of Moving.
First & foremost, as a Seller you need to know where you are going to move to. DO NOT put your home on the market until you have some plan of where you are moving to. Threre is low inventory everywhere, both for sale and to rent. Know where you are going!
Second, if you are deciding to sell now or in 6 months to 1 year, at a certain point you need to ask yourself what is more likely. Will your house go up another 10%, down 10% or will your housing price level off. Correlate that with where you are planning on buying. What will appreciate faster? Your new purchase or your current home? That should help you define when you plan to sell and make your move.

Click Here to see Year over Year City Home Sale Trends

Seller Tip: Let us help you with our Seller Home Implementation Program.

For more information
Call Patrick or Text 'OFFER' to 714.401.0893 or
Email: [email protected]
Click Here to Set up an Appointment with Patrick

Sincerely,

Parick Schwier
Schwier Group Real Estate - REMAX One
Click Here to find out What Your Home Is Worth today.