Chirag Patel, Realtor

09/21/2023

California Housing Market predictions 2023

02/09/2023

Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

Thinking of Selling?

Call me

Chirag Patel
Realtor
Century 21 Astro

01/11/2023

Los Angeles County Housing Summary

• The active listing inventory in the past couple of weeks plunged by 705 homes, down 8%, and now sits at 7,907 homes, the third lowest start to the year behind the pandemic years of 2021 and 2022. In December, there were 23% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 817 less. Last year, there were 4,732 homes on the market, 3,175 fewer homes, or 40% less. The 3-year average prior to COVID (2017 to 2019) was 9,751, or 23% more.

• Demand, the number of pending sales over the prior month, plunged by 336 pending sales in the past two weeks, down 13%, and now totals 2,325, its lowest start to a year since tracking began in 2012. Last year, there were 3,703 pending sales, 59% more than today. The 3-year average prior to COVID (2017 to 2019) was 3,033, or 30% more.

• With demand dropping faster than the supply, the Expected Market Time, the number of days to sell all Los Angeles County listings at the current buying pace, increased from 97 to 102 days in the past couple of weeks. It was 38 days last year, much stronger than today.

01/01/2023

If you’re planning to buy a home in 2023, one of the first steps on your journey is getting pre-approve.

Let’s make this year amazing and make you a homeowner!

12/27/2022

Congrats to my first client for Leasing this beautiful office in Laguna Niguel

12/27/2022

Why you should at least consider buying

12/16/2022

2023 Housing Market forcast

12/15/2022

Chirag Patel
424.343.9449
[email protected]

12/15/2022

Here are three reasons potential homebuyers should consider buying a home today.
1. More Homes Are for Sale Right Now
2. Home Prices Are Not Projected To Crash
3. Mortgage Rates Have Risen, but They Will Come Down
Link: https://www.keepingcurrentmatters.com/2022/12/07/key-advantages-of-buying-a-home-today/

Chirag Patel
424.343.9449
[email protected]

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today.

12/15/2022

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved ✔️ Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer.

12/15/2022

Congratulations to my first client for leasing this office building