Market Update LA County
Foreclosures OC County
Foreclosures Riverside
Foreclosures Down Payment
Programs
One Client at a Time.
Using the correct real estate strategy when buying, selling, or investing will be the key to your success in real estate.
With my experience combined with data-driven platforms I subscribe to help me. I am able to properly guide all of my clients according to their needs and goals when purchasing real estate.
expert market knowledge, and unbiased assistance. With the ultimate goal to enable
them to achieve "THEIR" real estate goals.
S. Peterson
27290 Madison Ave.
Temecula, CA 92590
Los Angeles County
Orange County
and parts of
Riverside County
Residential Sales & Listings
Property Acquisitions
1031 Exchanges
Short Sales
Broker Price Opinion
Notice of Default
Foreclosures
Member of the California Association of REALTORS
Member of Pacific West Association of REALTORS
Board Member of PWR Professional Standards
Committee (2007-Present)
Ethics Advocate at PWR (2017-Present)
Board Member of PWR Charity Foundation (2008-2010)
Chair of PWR Grievance Committee (2006)
Vice Chair of PWR Grievance Committee (2005)
Grievance Committee Member (2001-2004)
Office Manager (2006-2008)
Market Update LA County
Foreclosures
Buyer Programs
Orange County
Bank-Owned Homes
If so, reach out to me so that I can answer your questions and help you.
C: 714 | 612 | 0995
E: GlennGaspar@Gmail.com
Market Update OC County
Foreclosures
Foreclosures
REO Properties
Bank-Owned Homes
Los Angeles County
of REO Properties
Contact me so that I can answer your questions and be of service.
C: 714 | 612 | 0995
E: GlennGaspar@Gmail.com
While high mortgage rates and price growth fatigue have influenced buyer behavior, these factors also present a unique opportunity for those considering a purchase now. Many potential buyers are on the sidelines due to these conditions, which means less competition and potentially more negotiating power for active buyers.
Notably, homeowners with lower mortgage rates are hesitant to sell, keeping inventory relatively tight and creating stability in home values. With nearly 86% of U.S. borrowers locked into rates below the current average of 6.8%, a significant number are holding off on listing, which limits options for buyers waiting for a substantial price drop.
- **Los Angeles County**: Median price rose 1.6% to $850,000; sales increased 1.5% to 4,281 transactions.
- **Orange County**: Median price rose 11.6% to almost $1.18 million; sales declined 7% to 1,787 transactions.
- **Riverside County**: Median price rose 5.4% to $579,500; sales declined 8.2% to 2,407 transactions.
- **San Bernardino County**: Median price rose 3.2% to $498,750; sales declined 18.2% to 1,612 transactions.
- **San Diego County**: Median price rose 6.2% to $880,000; sales declined 6.4% to 1,987 transactions.
- **Ventura County**: Median price rose 1.2% to $820,000; sales declined 2.6% to 489 transactions.
This market environment offers a rare window to make a purchase at a time when demand pressures are temporarily eased. Buying now allows you to establish yourself in a market that continues to demonstrate resilience, setting you up to benefit as conditions shift in the future.
Here to help you with our real estate questions, tours or to advise you on your next step. Always feel free to reach out to me.
Year-to-Date, this graph displays how prices have averaged on a monthly basis. The months of December and January are traditional slow due to the holiday season.
Year-to-Date, sales started to dip downward hitting a low point in January. Since then it hit its peak in May, and then has began to retrace downward.
Orange County continues to be the million dollar market for Southern California. The counties of Riverside and San Bernardino offer affordability to a home buyer.