WHERE IS THE HOUSING INVENTORY?

                             

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.

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?

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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?

  1. Quantity of Single Family Homes for sale is down by 3,58%
  2. 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..
  3. 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.
  4. 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.
  5. 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.

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: 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?

  1. 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.
  2. 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.
  3. 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.
  4. 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?

  1. Available properties slightly down week over week. 
  2. 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
  3. 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.
  4. 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  

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: 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?

  1. Total available properties slightly increased week over week.
  2. Total Pending properties (indicating buyer demand) has dropped 9.92% which direcdtly correlates to the increase in Closed Sales since last week up 18%..
  3. 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.  

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  

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.

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?

  1. 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.
  2. 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.
  3. 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!  

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.

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?

  1. 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!
  2. 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.
  3. 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.

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: 9/6/22 - 9/12/22

Evaluating Home Sale Trends over the last week and month.

What do the above numbers indicate?

  1. The 4th week in a row the housing inventory available for sale has slipped in the 12 select cities we are following. 
  2. 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.
  3. 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.
  4. 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.

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 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 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. 

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. 

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%.

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

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!

How much Passive Income do you have?
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 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.

  1. 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. 
  2. 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.  
  3. 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.
  4. 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
  5. 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.

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

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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 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.

  1. 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. 
  2. Increase in overall properties for sale:
    Just like last week, there was virtually no increase in overall new properties on the market.  
  3. Largest increase of Single Family Homes active for sale over the last week:
    Dana Point, Newport Beach & San Clemente.
  4. Largest increase of Condominiums: active for sale in the last week
    Dana Point & San Clemente.
  5. 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. 

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

How much Passive Income do you have?
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 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

  1. 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.
  2. 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.
  3. 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..
  4. 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.
  5. 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!

How much Passive Income do you have?
Find out What Your Home Would Rent For?
Click Here

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

  1. 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.
  2. 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.
  3. 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.
  4. 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!

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

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 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

  1. 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.
  2. 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..
  3. 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.
  4. 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
Click Here to Set an Appointment

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.

  1. Small 2.4% increase of active property inventory for sale. 
  2. Net loss of 16 'Pending' homes which means buyer demand is dropping slightly.  This has happened for 2 weeks in a row now.
  3. Largest increase of Single Family Homes for sale week over week:
    Laguna Hills - 22% - (+5 SFR Homes)
  4. Decrease of overall condos for sale by over 1%
  5. 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.

  1. 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.  
  2. 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.
  3. 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)

  4. Largest increase of Condos for Sale week over week.
    Irvine - 25.17% - (+37 Condos)
    Dana Point- 9.66% - (+8 Condos)

  5. 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.

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 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.

  1. 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.
  2. Costa Mesa jumped19% from 67 to 80 Active properties for sale.
  3. 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.  
  4. Laguna Niguel and San Juan increased home inventory by 9% and 15% in the last week.
  5. 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

  1. Total Housing inventory is growing about 5-10% every week currently.
  2. 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.
  3. 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.
  4. 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

  1. 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.
  2. Total Housing Inventory for sale overall in the last 3 monts has gone from 554 properties for sale to 1211 which is 118% increase.
  3. 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%
  4. We are still at least 200% under the amount of homes that would be for sale in a 'Normalized' 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 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 

  1. 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.
  2. 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.
  3. 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%.  
  4. 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.

  1. Since first week of March 2022, total housing Inventory for sale has gone up from 554 to 1110 properties or a 200% increase!. 
  2. 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.
  3. 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.

  1. 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.
  2. 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..
  3. 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

  1. Total Active Housing Inventory up 172% - Increased from 554 properties to 951 Active or Coming Soon on the market.
  2. 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.
  3. Total Active Property count of Homes for sale has increased 172%
  4. 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.

  1. Total Active Housing Inventory up 167% - Increased from 554 properties to 929 Active or Coming Soon on the market.
  2. Active inventory count of Condominiums for Sale in Aliso Viejo, Costa Mesa & San Juan Capistrano all up over 300%.
  3. Total Active Property count of Homes for sale has increased 61%
  4. 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.

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

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

  1. 54% Increase of Actve Homes on the market
  2. 48% increase of Active Single Family Homes on the market.
  3. 68% Increase in Active Condos on the market since March 8, 2022
  4. 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.)
  5. Costa Mesa - 213% increase of quantity of Homes Active on the market.
  6. 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.

  1. Total Housing Inventory up 12%
  2. Irvine and Huntington Beach are still carrying most of the increase of inventory.
  3. Active SFR (Single Family) has increased by 10%
  4. 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

  1. 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.
  2. 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
  3. Due to inflation and increasing crude oil costs,  all costs of consumer goods will increase.    
  4. 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.
  5. 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.
  6. 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.

Experience Matters
Real Estate since 1990


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