Fall is just around the corner and with that brings cooler temps, colors changing, and fun activities for the community. I absolutely love this time of year and look forward to it. In this month’s market trends report for the city of Murrieta, I will be pulling the current real estate numbers and comparing them to previous months. As always, my stats are based on singe family, detached residences, with 3+ bedrooms, and 2+ baths.
• Number of Active Listings: 275
• Average Murrieta Home Listed Price in September: $522,609
• Number of Murrieta Homes Sold Between 8/15/17-9/15/17: 139
• Average Murrieta Home Sold Price: $441,025
• Average Day on the Market: 28
Unlike Temecula, Murrieta has more active listings currently than it did back in June. We have a total of 275 currently vs. 237 in June. That’s a 16% increase in listings this month. The average price that homes are being listed for has gone up slightly from $519,591 to $522,609. We are still seeing this as a seller’s market due to the low amount of inventory in the Murrieta area.
Looking at the sold number for the city of Murrieta, I can see there was a decline in homes sold. In June we had 214 and between 8/15/17-9/15/17 there were only 139! That’s a difference of 35% in home sales. The average price that homes are selling for has gone up from $425,535 to currently $441,025. The days that homes are on the market is averaging 28 days, which is about the same as June.
Please feel free to reach out to me or my team for any of your real estate needs. We are here to help you whether you are looking to buy a home or sell your current one. We can also provide you with a free market update of your neighborhood by going to our Mr. Murrieta website or we can set you up on one as well. This will give you any pending properties, just listed, or recently sold homes. Please give us a call with any questions and enjoy the rest of September! Be sure to check back in the coming months for up to date market reports in your area.
By: Stefan West – AKA Mr. Murrieta