This is a September 2011 market report for the French Valley area of Winchester California.

The past 5 months have been slower in volume than last year by almost 10%.  Previous months sales were 84 compared with 92 during the same time period in 2010. There seems to be some significant amount of inventory not being released by banks with REO properties.

 

As for Average Price and Days on Market: The average price in French Valley has remained pretty flat over the last 24 months with the actual figure for last month coming in at $241,000. The Days on Market continues to dance around quite a bit. I believe it’s just a matter of how many short sales actually closed in a given month that causes it to swing up so dramatically.

Finally, here is a look at the different types of sales in French Valley over the last 30 days.

 

For more information on the different types of sales in our local market see our article:
What you should know about REO vs Standard vs Short Sale

For more about French Valley Click Here for French Valley Articles on our site

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 Article originally posted on the AimREG.com blog

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David NorthupDavid Northup - Broker, Realtor®,Owner
Aim Real Estate Group Inc., Temecula Real Estate

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What you should know about REO vs Standard vs Short Sale
09/08/2011
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The homes for sale in Temecula, Murrieta and French Valley areas of Riverside county can be put into 3-4 main categories. This image provides an example of the types of sales in French Valley Winchester California for the previous 30 day period… more
Temecula Real Estate REO Market Report for April 2010 – Temecula, CA…
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Temecula Real Estate Short Sale Market Report for April 2010 –…
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Temecula Real Estate Standard Sale Market Report for April 2010 –…
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Loan Modifications in Winchester, CA 92596 - Are they happening?
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Owners of Winchester Real Estate in Winchester, CA 92596 who want to Stop Foreclosure may eligible for a loan modification under the Making Home Affordable - Home Affordable Loan Modification Program (or HAMP). HAMP modification… more
Making Home Affordable - The banks get another report card
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According to the most recent Servicer Performance Report, there has been a dramatic increase in the number of loans modified under the Home Affordable Loan Modification Program or (HAMP). The HAMP program is part of the Making Home Affordable… more
 
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